Apple has acquired a Silicon Valley startup, WiFiSlam, which makes mapping applications for smart phones, writes Reuters. Apple confirmed the acquisition, but declined to give details.

Politicians and the press have been talking a lot in recent months about improving prospects for the U.S. manufacturing sector and those it employs. But among venture capitalists, software still rules the day, probably now more than ever.

Samsung suddenly seems a lot like a boxer whose every punch at the world champion, Apple, is bringing it closer to a legitimate shot at the title. Samsung’s handsets are hot. Late last year, Samsung’s Galaxy S III became…

Check out the latest news links after the weekend including why the emerging markets are experiencing private equity growth pains; a look at the consolidation of the traditional VC industry and why Doughty Hanson has stopped investing in venture and real estate.

Find out what’s been happening over the weekend with the latest links including the latest on Mithril Capital’s first fund, 3i’s head of Asia operations leaving the firm and NEA to open a Boston office within six months.

This morning First Read brings you the latest on a Sequoia partner departure, those myths surrounding the Euro venture industry, an update on Indian private equity and why the million dollar club is a preferred investment stage for many VCs.

This morning take time out to find out more about Apple’s venture into TV, mortgage interest rates enjoying a 22 year low and which ugly stepchild of venture is having a glamour moment.

Take timeout this morning to find out about Blackstone’s penchant for hedge fund managers, the latest venture funding news and what an Apple Fusion Drive is.

Apple Inc will begin to sell an 8-inch version of the iPad on Friday to compete with smaller tablets including Amazon.com Inc’s Kindle, but set a higher-than-expected price tag of $329 that Wall Street fears could curb demand.

Take time out with this morning’s First Read to find out why private equity can’t keep its powder dry, what all the controversy is over NY Pension fund’s investments and why it’s still doom and gloom for the Eurozone.