Bebo founders buy website back for just $1 mn

The British couple who sold social networking site Bebo for $850 million (655 million euros) five years ago have bought back the company for just $1 million and say they will relaunch it.

California leads green tech funding, reduces greenhouse emissions

California has had remarkable success in developing and deploying clean technology, using it to help fuel the state's economic rebound and drive its effort to cut greenhouse gas emissions, even as its population continues ...

22 bidders join Myanmar mobile telephone battle

Vodafone, China Mobile and an investment fund linked to billionaire George Soros are among 22 bidders vying to enter Myanmar, one of the world's last unexplored mobile telephone frontiers.

Huge drop in clean-tech venture funding

Investments in clean-tech startups plummeted in the first quarter of 2009 compared with recent quarters, according to a report issued this week by Ernst & Young.

Immediate uptick in investment needed to reach net zero

Both the European Union and Switzerland have set themselves the goal of becoming climate neutral by 2050 and of reducing their greenhouse gas emissions to net zero. To achieve this target, major investments in power generation ...

Entrepreneurs face venture capital funding drought

The number of US venture capital firms that raised new investment money sank to a 15-year low in the last fiscal quarter as a drought of funding threatened innovation around the world.

University of California to dump fossil fuel investments

The University of California is dumping fossil fuel investments from its nearly $84 billion pension and endowment funds because they are a financial risk, its top financial officers announced Tuesday.

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