Kleiner Perkins News
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Primus Power, a closely held battery maker, may announce next month a third customer that’ll use its systems to store excess power from a wind farm, according to Chief Executive Officer Tom Stepien.
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Microsoft Corp. is revamping the Xbox to fend off a breed of competitors ranging from Apple Inc. to Facebook Inc. Those companies were nowhere in gaming when the software maker debuted its last version five years ago.
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Twitter Inc. Chief Executive Officer Dick Costolo said the online service for 140-character messages is increasingly being used to track personal health with wearable computing gadgets such as Nike Inc.’s fitness devices.
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Talk about low tech.
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As Apple Inc. and Samsung Electronics Co. develop smart watches and Google Inc. prepares to roll out Web-enabled eyewear, an ecosystem of software developers is springing up to lend a hand and reap the profits.
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In 1999, Al Gore, then U.S. vice president and a Democratic candidate for president, sold $6,000 worth of cows.
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Facebook Inc., owner of the world’s most popular social-networking service, is in talks to acquire mobile-mapping application provider Waze Inc. for as much as $1 billion, two people familiar with the matter said.
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Ouya Inc., the maker of a $99 video- game console that uses Google Inc.’s Android operating system, raised $15 million in venture funding to expand operations. Industry pioneer Bing Gordon joined its board.
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Google Inc., owner of the world’s most popular search engine, acquired a minority stake in LendingClub Corp. as the peer-to-peer lender closes in on $2 billion in funded loans.
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King & Spalding LLP recruited Australian arbitration and construction lawyer Peter Megens as a partner in the Singapore office starting in July. Megens was at King & Wood Mallesons in Melbourne, where he was co-head of the firm’s arbitration practice and a senior member of its construction team.
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