Wine.com to decant $20 million in funding
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The online wine retailer ferments plans to improve its business and Web site for customers.
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As with so many other businesses, wine stores are turning to computers to help keep track of new varietals and vintages.
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Constellation Brands Inc., the world&#39;s largest winemaker, offered $1.3 billion in cash to acquire Robert Mondavi Corp. as part of a plan to expand its collection of higher priced wines.
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California&#39;s premier Napa Valley wine region on Thursday became the first US terroir to have its name protected in the European Union.
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The Open Source Applications Foundation has announced a major funding and personnel shakeup, including that Lotus Development founder Mitchell Kapor will begin to phase out his involvement and investment in the nonprofit organization, which he founded in 2001.&quot;Strategically, we find ourselves at a crossroads,&quot; OSAF&#39;s Katie Capps Parlante said in a blog post.&quot;OSAF has been primarily funded by one person up to this point, Mitch Kapor. Our goal going forward is to modify our organization and our funding model to grow into a publicly supported community project, not propelled by one individual,&quot; Parlante wrote.&quot;I will be leading the next phase of the project, and Mitch will be winding down his role on the project. Mitch will provide transitional financial assistance to support the organization through 2008. Mitch will step down from the board, and I will replace him,&quot; she added.In September, OSAF shipped a preview of its Chandler group collaboration software, which includes Chandler Desktop, Chandler Server and Chandler Hub, a Web application. The software lets users share information, such as calendars and tasks.Parlante said moving forward, OSAF&#39;s paid staff headcount will be cut by roughly two-thirds, going from 27 to 10. &quot;While I expect that most former staff members will move on to other endeavors, we certainly welcome them to remain involved with OSAF and Chandler in some capacity,&quot; she said.
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Genentech is borrowing a bit of the winemakerâs art to make biotech pharmaceuticals.
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One of the great names in  California quality wines wants to sell off the vineyards that  made it famous and devote itself to producing the mass-produced  wines it once mocked.
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Semantic search engine Hakia has raised $2 million of a planned $5 million round, according to VentureWire (via VentureBeat). The funding, from an unidentified investor, follows $16 million in funding that was announced last year, bringing its total raise to $18 million. Previous institutional backers include Noble Grossart Investments Ltd., Alexandra Investment Management, Prokom Investments and KVK. The NYC-based company is one of several startups claiming to be analyze content based on meaning. Others in the space include Powerset and Yedda, which was acquired by AOL. The site has also unveiled a social element, similar to what ChaCha is doing.
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The logic? By cashiering 20 percent of its work force, the company will be better placed to expand its ad business and make new hires.
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Codon Devices, of Cambridge, has closed a second round of venture financing, worth $20 million, as it seeks to further commercialize its novel method of building DNA and genetic material from scratch.
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Beverages giant Foster's Group has launched a 3.1 billion dollar (2.35 billion US) bid for Southcorp in what is likely to be the opening shot in a drawn-out takeover war for Australia's biggest wine producer.
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Business & money: Â· Drinks group signs Â£460m deal with Ketel OneÂ· Dutch vodka expected to cut into top seller's market
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Screwcapped wines are quickly gaining popularity, and it's got cork producers coming up with new ways to stay on top
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France's embattled wine industry is to receive a multi-million euro aid package from to make it more competitive.
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CHICAGO (CBS.MW) - By upping the ante a bit, Constellation Brands has made an apparently successful bid to gobble up winemaker Robert Mondavi in a $1.
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When Michael Aaron learned that Wall Street investment banks were going to be shelling out record bonuses this holiday season, the savvy wine merchant uncorked his own plan to make serious dough.
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The $20 billion man seeks a new fortune where most investors will not go--yet.