Startup Funding Up 57%; Michaels Confirms Breach of 2.6M Cards

Dow Jones ends the day down for the second day in a row, while Nasdaq and the S&P 500 end the day the the green for the fifth straight day. Mazda announced the recall of 109,000 older SUVs today. The automaker is recalling these SUVs based off a rust issue that could result in a loss of steering control. So far 2014 seems like it could be the year of the startups. Funding for U.S. startups is up 57% in Q1 and reached its highest level of funding since 2001, with software companies receiving the majority of the money. Michaels Stores confirmed yesterday that approximately 2.6 million cards have been compromised due to a security breach.
The security breach lasted over 6 months from May 2013 to January 2014 and compromised customers payment card numbers and expiration dates.

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Published on Apr 18, 2014
By InvestorGuide Staff

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