year and the shooting down of Malaysia Airlines flight MH17 in July. Sir Richard Lambert, the chairman of the British Museum’s trustees, said they wanted to “leave room for flexibility if the political relationship between Western Europe and Russia changed.” In addition, the two month loan will resurrect the dispute about whether the marbles should be returned to Greece. Over the past four decades, the Greek government has argued that the 2,500-year-old sculptures belong in a museum in Athens. However, no talks had ever occurred with the Greek government about a loan of part of the Parthenon marbles.
Chinese Internet giant buys stake in Uber global
Baidu Inc., owner of China’s largest Internet search engine, DISCIPLINED, INDEPENDENT FINANCIAL GUIDANCE With a focus on corporate retirement plans and individual retirement planning is reportedly purchasing a minority stake in the car booking UNBIASED, DISCIPLINED FINANCIAL GUIDAN app Uber Technologies. According to China Public Radio, the nancial.com 828.665.4005 • mcquillingfi With a focus on corporate retirement plans and individual retirement plann investment could be worth as much as $600 million. Baidu is 1200 RIDGEFIELD BLVD., STE. 115, ASHEVILLE, NC 28806 allegedly giving cash and non-cash assets, including its resource as owner of the country’s search engine. Baidu’s investment Securities offered through LPL Financial, member FINRA/SIPC. follows a $1.2 billion funding round that Uber reserved for global expansion. Since CEO Travis Kalanick founded the company in 2009, it has raised $2.5 billion. Uber is hiring drivers in 14 cities in China.
New York sets aside $50 million for startups new york city
Startups across New York have millions more dollars in potential venture capital. Governor Andrew Cuomo on established a $50 million state venture capital fund intended to support entrepreneurs as they transition their businesses from research to marketplace. The New York State Innovation Venture Capital Fund was created to incentivize startups to stay and build their businesses in the state. The fund is anticipated to leverage at least $100 million in private capital to support high growth areas including nanotechnology, clean technology, biotechnology, and information technology. The fund will have two segments. One will help start-up companies linked to New York’s universities commercialize their products with small pre-seed stage investments of up to $100,000. The other segment will invest directly in seed or early stage companies with investments of $100,000 to $5 million. Empire State Development (ESD) will administer the fund and ESD’s new venture capital managing director, Brian Keil, will manage it.
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