AT&T opens first showcase store in Chicago

AT&T is opening its first “experiential” showcase in Chicago. While technically the flagship retail location on Michigan Avenue is a store, it’s not like any AT&T store you’ve ever seen before. Instead of making the AT&T phones the prime draw, it’s showing off the apps within.

Biofuel Company LS9 Closes $25M With Chevron Backing

LS9_graphicLS9, a company which is using a genetically modified version of e.coli bacteria to make diesel from biomass, on Thursday announced it has raised $25 million in its third round of funding. Chevron Technology Ventures’ venture capital arm, CTTV Investments, participated in the round, making this the latest biofuel project from the big oil company. In 2008, Chevron announced a development deal with algae-based fuel company Solazyme, and has been working on a cellulosic ethanol joint venture, called Catchlight Energy, with forest-product company Weyerhaeuser.

While having a big oil backer is a good sign for a young startup, LS9’s round was markedly smaller than the $65 million the company was seeking back in February and well below the $75-$100 million it had hoped to raise last October.
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