Tesla Motors Inc (TSLA) recruits U.S. veterans to build electric cars in Cali

Tesla Motors Inc (NASDAQ:TSLA) has found a way to help out U.S. military veterans that are facing a hard time finding jobs after returning from deployment. Tesla Motors now has over 6,000 employees and 300 of them are veterans. There are now another 600 veterans planned “in the hiring pipeline.” Veterans are known for being great at building cars because many of them have acquired technical skills during their service and are used to working on teams.

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Jul 14, 2014

Dan Anderson

Microsoft acquires disaster recovery company InMage

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Microsoft announced last week that is has acquired InMage, which is a business continuity service that helps companies migrate data between private and public clouds and replicate on-premise assets in the cloud. The terms of the deal were undisclosed. Microsoft acquired InMage to enhance Azure and make it more enticing for enterprise customers. Microsoft said that the acquisition will help it provide cloud business continuity solutions for any customer IT environment.

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Jul 12, 2014

Noah Long

Dan Gilbert leads $40 million investment in RapGenius

Genius
Dan Gilbert, one of the must successful businessmen in Detroit, has led a $40 million investment in RapGenius. Gilbert is best known for being the founder of Quicken Loans, co-founder of Detroit Venture Partners, and owner of the Cleveland Cavaliers — which just brought LeBron James back to the team. Gilbert is best known RapGenius is known for decoding and annotating rap lyrics. RapGenius faced quite a bit of controversy for getting banned from Google by asking bloggers to link to them in exchange for a tweet about their website. RapGenius co-founder Mahbod Moghadam was recently fired for annotations he made about Elliot Rodger.

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Jul 12, 2014

Annie Baker

Yahoo! acquires RayV

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Yahoo! has acquired online video streaming company RayV, which is known for distributing video to mobile devices. Founded in 2005, RayV is focused on distributing HD quality video to mobile devices. The terms of the deal were undisclosed.

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Jul 12, 2014

Noah Long

Apple Inc. (AAPL) spent over $3 billion with 7,000 U.S. suppliers in 2013

Apple Inc. (NASDAQ:AAPL) SVP of Operations Jeff Williams recently attended a meeting with President Obama following the adoption of the White House’s ‘SupplierPay’ initiative. The SupplierPay program is an agreement between companies like Apple, Nissan, Rolls Royce and others to pay small business suppliers faster so that they can reinvest funds into growth.

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Jul 12, 2014

Annie Baker

Salesforce.com, Inc. (CRM) acquires RelateIQ

Salesforce.com, Inc. (NYSE:CRM) has acquired RelateIQ for $390 million, according to Forbes. RelateIQ is a customer relationship management company that has a smaller marketshare than Salesforce.com. The acquisition was for $350 million in Salesforce.com stock and $40 million to cover the expected cash on hand at RelateIQ on August 1st. RelateIQ recently raised a new round of funding led by Redpoint Ventures at a $245 million valuation.

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Jul 12, 2014

Dan Anderson

Facebook Inc (FB) launches out-app purchase ad platform

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Facebook Inc (NASDAQ:FB) has launched a new feature for its app advertising platform that lets developers monetize with ads that drive installs and re-engagement. The advertisements are for in-app purchases within an app itself. The purchases are for Facebook desktop game virtual goods that appear in the News Feed or sidebar. If Facebook brings this feature to mobile apps, it could be a way for the social network to earn money from developers that have apps on Google Play or Apple iTunes. As of right now, the ads are only for desktop games. The ads are already live and it essentially lets Facebook double-dip, meaning the ads cost money to show on Facebook.com and the company takes a 30% cut of the in-game purchases.

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Jul 12, 2014

Noah Long

Tesla Motors Inc (TSLA) CEO Elon Musk donates $1 million to Nikola Tesla Museum

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has pledged $1 million to help complete the Nikola Tesla Museum, according to Matthew Inman of the web cartoon The Oatmeal. Musk also said that Tesla Motors will build a Supercharger for its electric vehicles in the museum parking lot. Musk is donating to the museum as part of The Oatmeal’s “Let’s Build a Goddamn Tesla Museum” project. The project started out as a crowdfunding campaign to buy back Nikola’s Tesla lab in 2012.

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