Senator Dick Durbin (D) from Illinois is gearing up to introduce legislation that would force online retailers like Amazon and eBay to collect state sales taxes from customers.
Apple announced a completely rebuillt Final Cut Pro X, which will start selling in the Mac App Store in June for $299.
BookingBug, an online scheduling, booking, reservation and appointment system for business, raised $350,000 from a small group of angels.
Industrial lighting solution provider Digital Lumens closed a $10 million Series B round that was raised from all of the company’s previous investors: Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners.
22 percent of subscribers access daily deal emails several times a day, 38 percent access them once per day, and 23 percent access them a few times a week, according to eMarketer.
Tiny Speck, developer of a massively multiplayer online game called Glitch, has raised another $10.7 million from Andreessen Horowitz and Accel Partners, the company's original investors.
Social shopping service Lockerz confirmed Tuesday that it has closed $30 million of a planned $45 million round.
Myspace's parent company News Corp. is looking to sell the failing social network, and pitch details for the sale have leaked.
Mobile payments proviedr Payfone closed a $19 million funding round from American Express, the largest contributor, with participation from Verizon Investments Inc. (assisted by Verizon Ventures) and others.
Stealth startup Project Slice secured a $3.8 million round of funding to continue working on simplifying online shopping, according to an SEC filing.
Sugar Inc., a media company for women, completed a $15 million later-stage round of financing led by Institutional Venture Partners (IVP), with participation from consistent partner Sequoia Capital..
Zencoder, a video encoding and transcoding SaaS provider, raised $2 million in funding from a long list of investors.