LivingSocial Seeking Up To $15 Billion Valuation

Published By Terry On Thursday, June 30th 2011. Under Technology Tags: amazon, CNBC, Credit Suisse, Goldman Sachs, Groupon, initial public offering, ipo, LivingSocial, Morgan Stanley, Washington

This week LivingSocial, the second biggest local commerce site after Groupon, is talking to bankers about filing for an initial public offering, CNBC reports. The Washington, D.C.-based company, which is backed partly by Amazon.com, could be seeking up to $1 billion in capital in a deal that could value the ... Read More

657 Mutineers Jailed by Bangladesh

Published By StarCityNews On Wednesday, June 29th 2011. Under World Tags: 24th battalion, Bangladesh, Court, Dhaka, guards mutiny, Major General Rafiqul Islam, Punishment, unrest

A military court in Bangladesh jailed more than 650 border guards for their role in a 2009 mutiny, bringing the total number of soldiers imprisoned for the unrest to nearly 3,000. State prosecutor Shahnewaz Tipu said that in Bangladesh’s history, this verdict is unprecedented, they have never had a case where ... Read More

Damascus: Syrian Opposition Holds a Meeting

Published By StarCityNews On Wednesday, June 29th 2011. Under Politics Tags: Bashar al-Assad, Damascus, dissidents, equality, freedom, Louay Hussein, Meeting, national political dialogue, regime opponents, Syria

Critics of the authoritarian regime of Syria, at a rare gathering in Damascus, called for a peaceful transition to democracy and an end to the Assad family’s 40-year old monopoly on power. They said, otherwise, Syria’s political chaos may destroy the country. Around 200 opposition figures and intellectuals gathered to ... Read More

Dodgers Win Court Approval For $60 Million Loan

Published By StarCityNews On Wednesday, June 29th 2011. Under Sports Tags: bankruptcy loans, Chicago Cubs, divorce, Fox Sports, Frank McCourt, Jamie McCourt, Laura Davis Jones, Los Angeles Dodgers, Major League Baseball, MLB, Taxas Rangers, US Bankruptcy Court

The Los Angeles Dodgers were cleared on Tuesday to borrow $60 million to make payroll, but the team spent its first full day in bankruptcy battling with Major League Baseball. The team needs the money to pay salaries, including those of its players, while it tries to sort out its long-term ... Read More

Mel Gibson Reaches Divorce Deal

Published By StarCityNews On Wednesday, June 29th 2011. Under Entertainment Tags: battery charge, Braveheart, divorce case, Domestic Violence, irreconcilable differences, Leathal Weapon, Los Angeles Superior Court, Mel Gibson, Oksana Grigorieva, Robyn Gibson

Attorneys told a Los Angeles judge on Tuesday, Actor Mel Gibson and his longtime wife have reached a deal in their two-year-old divorce case. The divorce deal between the "Lethal Weapon" star, who was once estimated to be worth $900 million, and his wife, Robyn, includes a settlement of property they ... Read More