peHUB First Read

IBM to invest $3 billion in new internet of things unit.

Cablevision to make $1 offer for New York Daily News

Blackstone’s latest fund raises $14.5 billion in institutional capital. Firm plans to raise an additional $1.3 billion from retail investors.

Snapdeal acquires RupeePower, will add loans and other financing to its marketplace.

China’s ban on Google is costing search giant billions of dollars while giving huge boost to Baidu.

Escaped prisoner search puts Va. hospital in lockdown.

Two former federal agents are charged with stealing bitcoin during Silk Road probe.

Philips sells 80 pct of lighting components unit for $2.8 bln to tech fund Go Scale Capital.

Cuba isn’t “open” just because the US says it is.

5 travel spots that just got cheaper for Americans

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MVision execs launch Acalyx Advisors.

NJ panel clears former investment council Chair Grady of ethics allegations.

Fund Performance: For WSIB, distributions rain down from Spark, Battery, Austin.

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