U.S. President Barack Obama (L) and Vice President Joe Biden appear at an event in Biden's home town of Scranton, Pennsylvania, August 23, 2013. REUTERS/Jason Reed
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PE HUB First Read

First Read kicks off your morning with news global markets stabilize though China stocks plunge, Goldman Sachs says the threat of a recession is low and President Obama reportedly gives Vice President Biden his “blessing” to run for president.

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peHUB Second Opinion

In Second Opinion, Avago Technologies is in advanced talks to acquire Broadcom, Rick Santorum says he’s ready to run for president again and an Air France plane barely avoids crashing into an active volcano.

Schieffer, host of "Face the Nation" and Hall of Fame inductee, poses in Beverly Hills
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peHUB First Read

First Read starts your morning with news of Zynga founder Mark Pincus retaking the CEO post, India’s Ola raises $315 million in new funding and legendary CBS anchor Bob Schieffer says he will retire this summer.

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Notey nabs $1.6 mln seed

Notey, a platform that helps users find blogs, has raised $1.6 million in seed funding. The investors included Steve Kirsch, founder of Infoseek, OneID and CoinTrust; Hugo Barra, vice president of international at Xiaomi; and Ryan Holmes, CEO and founder of Hootsuite.

cowsky
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peHUB First Read

First Read kicks off your Thursday with news that an Ohio man was arrested for plotting to attack U.S. Capitol, Snapchat charges $750K for ads on its site, and President Obama calls on the FCC to clear the way for community broadband.

drunkdog
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peHUB First Read

First Read begins the post-holiday recovery with news about Xiaomi confirming $1.1 bln funding, Gawker slowly releases documents in unpaid intern lawsuit and refuses to disclose tax returns and private equity fees are getting leaner.

Police officers salute as vehicles containing the bodies of two New York Police officers who were shot dead drive by in the Brooklyn borough of New York
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peHUB First Read

First Read dives into the holiday week with news Xiaomi is reportedly raising $1 billion at a $45 billion valuation, Sony won’t be streaming “The Interview” on Crackle and a divided NYC mourns the murder of two police officers.

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Formation 8 adds new partner to team

Singapore-based investor Joel Sng has joined Formation 8 as a partner, the company announced in a blog post on its site. Sng’s portfolio of investments include Facebook, Uber, Xiaomi, Razer, SF Express, Airbnb and Palantir. To read more details about Formation 8’s new addition, visit here.

sydney-cafe-siege-live
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peHUB First Read

First Read kicks off your week with news of a hostage standoff in Sydney, Sony Pictures demands news outlets do not publish their hacked e-mails and an investor group led by BC Partners agrees to epic $8.7 billion acquisition of PetSmart.

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21Vianet scores $296 mln

China-based 21Vianet Group, a carrier neutral internet data center services provider, will receive $296 million in funding. The investors are Kingsoft, Xiaomi and Temasek. The transaction is expected to close in January 2015.

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peHUB First Read

First Read ends your week with Starbucks planning on launching a high-end chain, JP Morgan continues its run as a top-ranked investment bank and a court rules that chimpanzees are not people and not entitled to legal rights.

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peHUB First Read

Climb the hump with First Read this morning as we explore the flood of fees coming to Goldman Sachs for its latest deals, Senate Republicans propping up the surveillance state and Chris Hemsworth named People Magazine’s “Sexiest Man Alive.”

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