Finance

  • Analyzing the spectrum of corporate innovation from R&D to VC  Over the coming decade, ongoing corporate exploration of the incubator, accelerator, and venture capital models will expand the use of these additional forms of external innovation. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • Another smart card bites the dust, as Plastc ends operations and leaves pre-orders unfulfilled  Plastc is throwing in the towel today. The smart card maker sent a message to backers (which now also graces the startup’s homepage) announcing that it’s “exploring options” for filing Chapter 7 and, more importantly, is shutting down all operations as of today. Read More Share this:Click to email this to a friend (Opens in new ...
  • NerdWallet just laid off over 40 people, including its VP of growth  Personal finance startup NerdWallet recently let go of more than 40 employees, TechCrunch has learned. As part of the changes, NerdWallet VP of growth Henry Hsu left the company and NerdWallet COO Dan Yoo is moving into an advisory role. Read More Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • MakeSpace raises $30 million to store your belongings  If you live in New York, you’ve seen the subway ads. MakeSpace wants to free your apartment of clutter. And now the self-storage startup is getting $30 million to execute on their vision. This follows another $17.5 million raised last year. Venture capitalists from 8VC, Upfront Ventures, Harmony Partners and Summit Action believe that there’s a $30 billion market opportunity… ...
  • Orange is launching a bank because reasons  French telecom company Orange is launching a bank this Summer in France. Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. And let’s just say that it doesn’t sound as groundbreaking as the company thinks. Just like N26, Revolut and others, you’ll be able to control ...
  • Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B  Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased its bid to $1.2 billion. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Simple is closing some customer bank accounts, and users are mad as hell  Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users’ expectations. This time, it comes as a result of the sudden and surprising notice customers received alerting them that their accounts would be closed next month. Read More Share this:Click to ...
  • Uber shares growing financials to distract from negative publicity  Uber, the popular ride-hailing startup shared a grip of new financial metrics with Bloomberg today. The numbers indicate that the company is still growing at an impressive pace, and that despite staggering losses may be getting a handle on its cash burn. The company’s numbers have leaked in various quantities before, but today’s disclosure is ...
  • Baidu is acquiring xPerception, a U.S. startup focused on computer vision  Baidu is acquiring xPerception, a US startup specialized in computer vision, according to Reuters. Details are sparse, but we know the startup has its own module for object recognition and depth perception that can be deployed on robots and drones. The Chinese tech giant has been active in machine intelligence M&A this year. Back in ...
  • LVH and 55 Capital raise $10 million to build investment solutions for financial advisors  LVH, the parent of 55 Capital, has raised $10 million in Series A funding to build out its technology platform for investors and further its financial research. Point72 Ventures, the venture capital fund associated with billionaire Steven Cohen, … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Android Pay now works in Bank of America, USAA, Discover & other mobile banking apps  Android Pay, Google’s answer to Apple Pay and other mobile payment technologies, today unveiled new partnerships with a handful of banks from around the world, who will integrate the service into their own apps. The feature will be available within the mobile banking apps provided by Bank of America, USAA, Bank of New Zealand, Discover, and ...
  • Amazon gains wallet license to boost its business in India  Amazon has gained a wallet license in India, Medianama reports, as part of a move that will allow the U.S. e-commerce giant to offer a paying experience with less friction in the country. Currently, Amazon customers must go through two-factor authentication processes for each purchase that they make. That’s in accordance with national law. A wallet ...
  • Alibaba’s Ant Financial to develop services in Indonesia as global expansion continues  Ant Financial, the fintech company affiliated with Chinese e-commerce giant Alibaba, is continuing its global expansion. The firm has taken its first official step into Indonesia today after it announced a joint venture to develop local financial services. The company has partnered with conglomerate Emtek, Indonesia’s second largest media firm and an investor in -major e-commerce… Read More Share this:Click ...
  • Capital One Mobile – Capital One Capital One Mobile lets you manage your credit cards, bank accounts, home and auto loans anywhere, anytime, from one place on your iPhone or iPad. Check account balances, pay bills, view payment activity and transaction details, set up notifications — and lots more. Access your accounts lightning-fast with Touch ID or SureSwipe®, personalize your app with ...
  • Pay day loan firm Wonga suffers data breach affecting up to 270,000  Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the UK. A further 25,000 customers in Poland may also be affected, according to the BBC. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Europe funds another data accelerator to get startups tackling societal problems  A new European Commission funded startup accelerator, Data Pitch, is being launched today with the aim of connecting established businesses and organisations with lots of data with startups who might be able to help them unlock the value of the i… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Peter Fenton is leaving Twitter’s board of directors  Benchmark partner Peter Fenton, who had been on Twitter’s board since 2009, will not seek re-election after his term expires in 2016, according to a new filing with the Securities and Exchange Commission. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Identity management software provider Okta seeks to raise $187M with IPO pricing  Okta is setting an increasingly ambitious target for its IPO, now officially pricing it at $17 per share set for its debut tomorrow — and looking to raise as much as $187 million in the hopes that it can capitalize on the newly open IPO window. Read More Share this:Click to email this to a friend ...
  • Elevate Credit pulls off lending IPO  After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. Elevate priced at $6.50 per share, closing the day up over 19% at $7.76, but this was still well below the expected range of $12 to $14. They decided to go through with the ...
  • Monzo is now a proper digital bank UK banking startup Monzo has been given the green light by the Prudential Regulation Authority and the Financial Conduct Authority to operate, well, like an actual bank. Until now, the company has been working with a restricted banking licence… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • ffVC and NYU are mixing researchers with investors in the name of machine intelligence  The timing was perfect. Just as startups were settling into NYU and ffVC’s new brains-meet-money accelerator, “AI Nexus Lab,” Uber acquired Geometric Intelligence. In a stroke of luck, the startup that would become Uber’s AI lab happened to have been raised by NYU Tandon’s Data Future Labs. Uber’s interest in Geometric helped solidify New… Read More Share this:Click to ...
  • Robinhood stock trading app valued at $1.3 billion with big raise from DST  Zero-fee stock trading app Robinhood has added to its coffers, raising another big round of funding. According to sources, the round was led by Yuri Milner investment vehicle DST Global and values the company at $1.3 billion dollars. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook ...
  • Cloudera posts long-awaited IPO filing  Cloudera, the enterprise big data company that’s received significant backing from Intel, has unveiled its much-anticipated IPO filing. In the S-1, we get a glance at their financials. Revenue is growing, bringing in $261 for the fiscal year ending in January and $166 million for the same period last year. Losses were $186.32 million, down from $203 ...
  • Equity Podcast: Dropbox’s capital appetite and average revenue per dog  Welcome to the third episode of Equity, TechCrunch’s newest podcast. Each week we dive into the startup and venture capital worlds, with a special focus on where they collide. This week our own Matthew Lynley is off, so Katie Roof and myself sat down with a pair of venture capitalists from Canaan Partners, an investment shop ...
  • Dropbox reportedly secures a $600 million credit line  Preteen unicorn Dropbox needs some cash real quick, so the company just secured a $600 million credit line according to a new Bloomberg report. This could be the company’s last “funding” round before its initial public offering. According to Bloomberg, Dropbox is thinking about going public before the end of the year. According to what ...
  • Looker catches the fancy of CapitalG, Goldman and Geodesic with $81.5M Series D  Business intelligence platform Looker is announcing a wholesome $81.5 million Series D today led by CapitalG, Alphabet’s cleverly named growth investment arm. Goldman Sachs and Geodesic Capital helped fill out the round, joining existing investors, KPCB, Meritech Capital Partners, Redpoint and Sapphire Ventures. Rather than compete in segmented markets against visualization and data… Read More Share this:Click to email ...
  • Rover and DogVacay merge to dominate the pet-sitting market  Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal. DogVacay’s investors, including Benchmark, Andreessen Horowitz, First Round and Foundation Capital, will now become Rover shareholders. Further terms of the deal were not disclosed, but “all ...
  • Tech will lead to new sub-prime crunch  In October 2016, two leading P2P platforms in the U.S. — Lending Club and Prosper — announced a new increase in interest rates for lower-grade loans. The decision was made in order to sustain investor demand. However, keeping the investor demand stable is not the only reason for recent changes — delinquencies are growing, especially ...
  • Wells Fargo lets you use Apple Pay and Android Pay to withdraw money  Wells Fargo just announced that you’ll be able to use your phone or smartwatch to withdraw money from 13,000 ATMs in the U.S. As spotted by MacRumors, the bank says that it will support Apple Pay, Android Pay and Samsung Pay. 5,000 ATMs should already support those NFC payment systems, others will follow suit. TechCrunch ...
  • NerdWallet – Free credit score, Credit Cards – NerdWallet Free credit score and reports — plus find the best credit cards for you. Build your credit by understanding the factors that affect it and optimize your wallet with credit cards matched to your credit score, all at no cost to you. Getting your credit score with NerdWallet won’t affect your score and you won’t ever ...
  • Alteryx rises 11% in data analytics IPO  Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher. Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better assess what products are ...
  • What do you want to ask SoFi CEO Mike Cagney at Disrupt NY?  Have you ever wanted to know what makes a fintech startup tick, but didn’t have the chance, or the right person, to ask? Well, we’ve got you covered: Mike Cagney, the co-founder and CEO of one of the hottest fintech busineses around, is coming to Disrupt in New York for a fireside chat, and we ...
  • Samsung is aiming to widen access to contactless payments  While Samsung’s most high profile contactless payment push is the eponymous Samsung Pay — aka its mobile payments product, which competes with the likes of Apple Pay and Android Pay — the company is today bigging up another approach it’s backing, with the not so catchy name of Contactless Companion Platform (CCP). Read More Share this:Click ...
  • Lystable takes $10M top-up to tackle freelancer payments  Lystable, a startup that makes a workflow management platform aimed at businesses needing to manage lots of freelancers, has topped up its Series A again — this time with an additional $10 million, which founder and CEO Peter Johnston says will be use to fund a change of business model with a payments focus. Read ...
  • Lystable takes $10M top-up to tackle freelancer payments  Lystable, a startup that makes a workflow management platform aimed at businesses needing to manage lots of freelancers, has topped up its Series A again — this time with an additional $10 million, which founder and CEO Peter Johnston says will be use to fund a change of business model with a payments focus. Read ...
  • Coinbase has added margin trading to its bitcoin exchange  GDAX, the cryptocurrency exchange run by Coinbase, has added margin trading to the platform. Eligible traders can now trade up to 3X levered orders on Bitcoin, Ethereum and Litecoin order books. If you’re unfamiliar with trading and exchanges, margin trading is when you borrow money from your broker to buy or sell more stock than you can afford. ...
  • Pit.ai puts a financial twist on reinforcement learning to outperform hedge funds  Most hedge funds don’t make money. This hasn’t stopped a growing list of startups from trying their hands at employing machine learning to tip the scales in their favor. But Pit.ai, a new machine learning-powered hedge fund, adopted into the YC W17 class, thinks it can best Numerai, Quantopian and others with its own unique ...
  • IBM unveils Blockchain as a Service based on open source Hyperledger Fabric technology  IBM unveiled its “Blockchain as a Service” today, which is based on the open source Hyperledger Fabric, version 1.0 from The Linux Foundation. IBM Blockchain is a public cloud service that customers can use to build secure blockchain networks. The company introduced the idea last year, but this is the first ready-for-primetime implementation built using that technology.… Read More Share this:Click to ...
  • Arthena uses data science to find the best investments in art  We all have our opinions about art (even if that opinion is just I don’t get it) — but what about art as an investment? Arthena, which is part of the current batch of startups at Y Combinator, says it can help investors make money reliably from art. Founder and CEO Madelaine D’Angelo said Arthena first launched as ...
  • Equity podcast: The return of IPOs and Tesla’s billion-dollar bet  One down, many more to go! The first episode of TechCrunch’s latest podcast, Equity, our venture capital-focused podcast is out. This week, TechCrunch’s Matthew Lynley, CrunchBase editor-in-chief Alex Wilhelm and I sat down with investor and SaaStr founder Jason Lemkin to talk about Tesla’s $1 billion raise, the return of IPOs and recent acquisitions in the technology… Read ...
  • Venmo – Venmo Venmo is the simple and fun way to send and receive money between friends. Whether you’re splitting a dinner bill, concert tickets, or the cost of a road trip, Venmo removes the awkward talks over who owes what. Just send or request your payment with a message or emoji combo of your choice, then comment on ...
  • Koho, a mobile-only suite of financial services for millennials, launches in Canada  The world of consumer financial services has been turned upside down by the rise of newer technology like apps and the growing expectation from people that they should have a lot more flexibility and access when it comes to controlling how they spend and save their money. The latest development on this comes out of Canada, where ...
  • Starling Bank, a digital-only UK challenger bank, launches beta  Starling Bank, one of a number of digital-only or so-called “challenger” banks in the U.K., is launching a beta of the app that powers its current account, the first time it has been available beyond a very small group of private testers close to the company. Read More Share this:Click to email this to a friend ...
  • Credy looks to digitize personal lending in India  Lending platform Credy is looking to change the way people gain access to personal loans in India. The company, which is currently a part of Y Combinator’s Winter 2017 batch, is digitizing the process and improving access to capital for residents by opening up peer-to-peer loans to a wider group of borrowers and lenders. Read ...
  • 500 Startups will keep investing in Latin America with new $10M fund  500 Startups is increasing its commitment to global investing with a new Latin America fund, targeting $10 million, going by the name of Luchadores II, the Spanish word for wrestlers. The fund is 500’s second aimed at the region and one of a growing number of its seed investment vehicles targeted at underserved markets across Europe, Asia ...
  • N26 now has 300,000 customers and adds 1,000 users per day  You’d think it would be a bit harder to get new users when your startup is a bank. But N26 is now available in 17 different European countries and has opened 300,000 bank accounts for its user base. Currently, a thousand people sign up to N26 every day. The vast majority of the user base ...
  • Bill Maris’s next gig after GV is a $100 million health and biotech fund  It was happening, then it wasn’t — but now it seems Bill Maris’s venture fund might actually be more than vaporware. Maris, founder of Google Ventures, now called GV, is raising money again for a new health-care, biotech, and tech-focused venture capital fund, according to sources familiar with the matter. What was initially thought to be a $230 million fund has… Read ...
  • Sift raises $1.5 million to unlock your credit cards  Did you know that your credit cards can do amazing things? Aside from drawing you into crippling debt while forcing you to be part of the vast cycle of economic servitude, credit cards also offer cash-back on purchases, protection on items you buy, and refunds! That’s what Sift wants to help you unlock. “We unlock ...
  • You can now send and request money in Gmail on Android  Google Wallet has been integrated into Gmail on the web since 2013, but today Google is rolling out a new integration on mobile. Starting today, users of the Gmail app on Android will be able to send or request money with anyone, including those who don’t have a Gmail address, with just a tap. The ...
  • Identity management software provider Okta files for today’s second $100M IPO  It looks like Snap’s (at least perceived) successful IPO has officially opened the window: following Yext officially filing for an IPO this afternoon, identity management software company Okta just dropped its official filing for an IPO. After much hand-wringing about whether or not 2017 would avoid last year’s fate of an IPO drought, we’ve seen ...
  • New York-based Yext files for IPO  Yext, the company that powers location data in search results, has revealed its IPO filing. The business will be able to join the stock market as soon as April. The offering is said to raise $100 million, but that number is subject to change. We will get more of an indication in the coming weeks about how Yext ...
  • Bitcoin drops 15% after the SEC rejects the Winklevoss ETF  The SEC just issued their ruling on the Winkelevoss bitcoin ETF, and it wasn’t good news for enthusiasts of the digital currency. Regulators rejected the proposed application, mainly because of the lack of regulation currently surrounding bitcoin. An approval would have meant that the public could invest in bitcoin simply by purchasing shares in the ETF, which ...
  • Google partners with VCs to host its own machine learning startup competition  On the heels of acquiring data science community Kaggle, Google is launching a machine learning competition of its own for startups. Google is targeting early-stage companies taking an innovative approach to machine learning. The competition is b… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Astro raises an $8 million Series A for its AI-powered email solution for teams  On the surface, Astro, launching its public beta today, is a nifty but not completely necessary email client that combines machine intelligence and a bot interface to improve workflows and increase the signal to noise ratio of mail for power users. But the real story is that the startup, backed with a new $8 million Series ...
  • Rethinking return on education investment  A new generation of tech-enabled startups are beginning to reimagine how students finance their education. Higher ed’s transformation is fueling a convergence of fintech and edtech that aims to blur the line between learning and earning — and will force students, colleges and financial institutions to think differently about return on education investment. Read More Share ...
  • Blumberg closes $200 million dollar fund  Blumberg Capital is announcing the close of its fourth fund. The team will be managing $200 million dollars, an increase from the $150 million in the prior fund. Blumberg plans to use the money to invest in early stage startups, particularly in the enterprise, security and fintech categories. Known as the first investor in Nutanix, the Blumberg crew also remains enthusiastic about I.T. Read ...
  • Snap tumbles 12% on day three, erases gains  Snapchat parent Snap Inc. debuted on the stock market Thursday and immediately saw substantial gains on its first two days. But the excitement has already worn off, with shares tumbling more than 12 percent on day three. After finishing Friday at $27.09 per share, Snap closed at $23.77 on Monday, beneath the $24 where it opened on its first ...
  • Thiel’s chief of staff tapped as White House deputy CTO  Peter Thiel has been at Donald Trump’s side since the Republican National Convention, guiding the then-candidate on technology policy and brokering a meeting between him and top tech executives. Now Thiel has secured a place for one of his top aides in Trump’s White House — Michael Kratsios, formerly chief of staff at Thiel Captial, ...
  • Algoriz lets you build trading algorithms with no coding required  Traders who have an idea for a money-making algorithm have two choices: learn to code themselves, or hire a great engineer. But neither of these two options are realistic, especially for part-time traders who don’t have a large bankroll behind them. Meet Algoriz, a startup participating in Y Combinator’s Winter 2017 batch. Read More Share this:Click ...
  • Snapchat soars again on second day of trading  Snap Inc., the parent of Snapchat, has been off to the races with its debut on the stock market. Yesterday, the stock closed at $24.48, a 44% gain from the IPO price of $17. And today it’s gone up a bit further, surpassing $29 at one point, an almost 20% increase from the close of yesterday. Shares later ...
  • Alibaba’s arch rival JD.com spins out its financial services business  While Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for further M&A, its chief rival in China has made a strategic deal of its own. JD Finance, the financial services business belonging to Alibaba competitor JD.com, is going independent, according to a deal announced ...
  • Did Snapchat leave money on the table?  Snapchat priced its IPO at $17 per share on Wednesday, raising $3.4 billion dollars. Then it opened Thursday at $24 per share and closed at $24.48. That’s a 44% gain, for the select investors who bought into the IPO.  And that gain looks great…for new investors. But it also means that Snapchat could have sold ...
  • Snapchat is already more valuable than these 9 companies  Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44%. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened at $24 and closed the day at ...
  • Snapchat is already more valuable than these 9 companies  Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44%. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened at $24 and closed the day at ...
  • Snapchat stock finishes up 44% on first day  Snap, the parent company of Snapchat, had a great day in its debut on the New York Stock Exchange. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.51, a 44% premium to the people who bought it yesterday. But like with all IPOs, not everybody got to access ...
  • One bitcoin is now worth more than one ounce of gold  For the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold. While today’s swap can be attributed to a good day for bitcoin (up ~3%) and a bad day for gold (down ~1.3%), the big picture is that bitcoin has more than doubled in the last year (up ...
  • Lyft seeks $6 billion valuation in funding round  Lyft is out pitching to investors while competitor Uber surrounds itself in controversy. The Wall Street Journal first reported that they are chatting about a $500 million round. We’re hearing that they are targeting a roughly $6 billion valuation, slightly above the $5.5 billion they were valued at in their last private round. The timing ...
  • Box’s Levie touts positive cash flow  Cloud content management company Box posted fourth quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1% by late afternoon. Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a ...
  • Snap values itself at nearly $24B with its IPO pricing  Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by the Wall Street Journal. With that, it looks like Wall Street had plenty of an appetite for Snap despite multiple major concerns about the company’s business. ...
  • Could Snapchat lead to more tech IPOs?  When Snap prices its IPO after the closing bell today, it will be the first tech company to go public this year. It will also be the largest tech company to go public in the U.S. since Alibaba debuted in 2014. Because of the dearth of recent tech offerings, all eyes will be on the ...
  • Udacity buys CloudLabs in its first-ever acquisition to enable collaborative programming  In the market for online education, Udacity remains focused on teaching its students about software development, data science and machine learning. To this avail, Udacity brought out its M&A team for the first time to strategically acquire CloudLabs, a small shop building interactive coding environments that let groups collaboratively code from within their browsers. You… Read More Share this:Click to email ...
  • Five burning questions that Snap’s IPO is about to answer  Snap will begin publicly trading tomorrow, which means that it will officially give a price for its shares in its initial public offering this evening. Originally setting a range between $14 and $16, the company set its own valuation lower than w… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Baidu Ventures partners with Comet Labs as both double down on artificial intelligence  Baidu Ventures exists on the front-lines of the Chinese search giant‘s push to brand itself as an artificial intelligence company. In an effort to bridge the AI ecosystems of China and the United States, Baidu Ventures is partnering with Comet Labs, a San Francisco-based fund specializing in machine intelligence. Unlike other venture capital firms looking ...
  • Class Action lawsuit alleges PayPal diverts charitable donations from intended recipients, misleads consumers  PayPal was targeted with a class action lawsuit filed on Tuesday in Chicago which focuses on the way the payments company handles charitable donations. The suit alleges the company’s charitable arm, the PayPal Giving Fund, is misleading consumers who believe they are giving directly to the charities listed on the company’s homepage, but whose funds ...
  • Nearly one year after launch, Apple Pay finds limited traction in China  Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. After a slow start, Apple Pay is now dominating its home country, the United States, but the same can’t be said of China where it is up against a different set of challenges. Data from Boston Retail Partners shows ...
  • China’s Qunar to delist from NASDAQ after completing sale to private equity firm  Chinese travel site Qunar is all set to delist from the NASDAQ after it completed its sale to private equity firm Ocean Management. The deal was first announced last October and today it went through having gained shareholder approval earlier this week. The transaction values Qunar, which is backed by Baidu, at around $4.44 billion. The firm raised ...
  • WorkJam raises $12 million to communicate with hourly workers  There is plenty of enterprise software for the white-collar workforce, but there still isn’t an ideal way to communicate with employees who aren’t sitting at a desk. That’s the thesis behind WorkJam, which is announcing $12 million in funding from Lerer Hippeau Ventures, Blumberg Capital, Founder Collective and NovelTMT. Read More Share this:Click to email this ...
  • Boston Dynamics’ Handle robot dominates parkour on wheels in new footage  Boston Dynamics’ wheeled Handle robot received much fanfare earlier this month when DFJ partner Steve Jurvetson slipped us an early video from a company Keynote. Today we have more details on Handle in the form of a shiny HD video. We already knew Handle could manage some pretty sick hurdles and spins, but the new ...
  • IT services manager Cherwell Software joins private equity giant KKR’s growing tech portfolio  With a new $50 million investment from private equity giant KKR, IT service management company Cherwell Software becomes the latest business in the firm’s growing tech portfolio. The investment, from KKR’s $711 million Next Generation Technology Fund, is the firm’s fifth deal since closing the fund last December. Cherwell Software, a Colorado Springs-based company, makes… ...
  • Cash is no longer king  The idea of a cashless society is one of the topics that stirs up a heated debate when it comes to the digitalization of banking and society. While the anonymity of cash acts as an enabler for the illegal economy, many fear that the lack of said … Share this:Click to email this to a friend ...
  • Chase Mobile℠ – JPMorgan Chase & Co. Do your banking right from your mobile device You can manage your accounts, make deposits, find ATMs and more. Now it’s easy to do banking 24/7, right from your iPhone® or iPod touch®. To start, just enroll in Chase Online. To view the Chase Mobile app in Spanish language, please ensure your iPhone® or iPod touch® language ...
  • Square Cash – Send Money for Free – Square, Inc. Pay your friends instantly, and cash out to your bank for FREE! Standard deposits show up the very next business day. You can even spend directly from the app with a built-in Visa virtual card number. SAFE TO USE Protect payments with Touch ID or a passcode INSTANT DEPOSITS Optionally cash out to your bank in seconds for a ...
  • PayPal – Send and request money safely – PayPal, Inc. Description TAP INTO YOUR MONEY Send money or pay online to almost anywhere in the world in just seconds. Manage all the ways you send, receive, and spend money at a glance – download the PayPal payment app today. SEND MONEY IN SECONDS Transfer money to PayPal account holders in over 100 countries using just their email address or ...
  • Credit Karma: Free Credit Scores, Reports & Alerts – Credit Karma, Inc. Get your free credit scores, reports and more on Credit Karma. Checking your own credit won’t affect your score, and we’ll never ask for your credit card info. Apple ® named it one of 2016’s 10 Best Apps of the Year, and it now has a bright new look! Free, Helpful Features for Your Credit: • Free ...
  • The price of Bitcoin just hit an all-time high  Wow – Bitcoin just hit an all-time high. The digital currency is currently trading at around $1,186 – which is about $20 more than it’s previous all-time high of ~$1,165, which it hit three years ago in November 2013, at the height of Bitcoin-mania. A few months after that all-time high, Mt. Gox, one of the earliest and ...
  • A new way for founders to connect with the right VCs  A young Silicon Valley venture firm is taking the wraps off a piece of software that it says makes it a cinch for founders to figure out which VCs are worth approaching, based on stage, sector, and a variety of other factors. It’s called Signal, and it’s the first project of NFX Guild Labs, an offshoot of ...
  • K2 Global’s $183 million VC fund aims to decentralize Sand Hill Road  K2 Global is announcing a $183 million venture capital fund targeted at early stage startups with global aspirations. The fund is closing significantly larger than the $58 million the firm initially raised. With a decentralized team and no Sand Hill Road office, K2 Global aims to bring Valley hustle to international technology investing. In contrast to well ...
  • Airbnb finalizes deal to buy social payments startup Tilt  Airbnb has finalized its deal to buy social payments startup Tilt, TechCrunch has confirmed. We reported on the acquisition talks last month, but now everything has been made official. We are told that investors will be getting back about $12 million in cash, but the deal value is tens of millions of dollars higher if you include ...
  • Hanging out at Snap’s unremarkable IPO roadshow  One of the remarkable things about the roadshow presentations for hotly-anticipated IPOs — where they’ll make a pitch to investors and answer questions — is that they are often unremarkable. That seemed about the same case for Snap, which was presenting to potential investors at the Mandarin Hotel in New York this afternoon. Over lunch, a ...
  • Policy rollbacks can’t counteract technology advances in retirement investing  Technology has already upended the current brokerage model and millennials, the largest generation in U.S. history, won’t settle for anything less than a service that puts their interests ahead of company bottom lines. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to ...
  • Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay  Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. Ant Financial, which manages payments service Alipay and Alibaba’s digital banking business, will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division. Read More Share ...
  • Temasek jumps into China’s bike rental startup war with investment in MoBike  Temasek, Singapore’s state-owned investment firm, has jumped into China’s on-demand cycle war after it backed MoBike. China’s ride-sharing war is last year’s news. The big battle between Uber and Didi Chuxing is essentially over after the latter agreed to buy the former’s China-based business. The new startup drama du jour is in bikes — services that let… Read ...
  • App platform company MuleSoft files for IPO  MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses like Netflix and Spotify with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. The size of the proposed IPO is $100 million, but that is subject to change. In the ...
  • Why Snap would lowball its IPO valuation  The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters ...
  • Dorsey: Twitter still has “a long way to go”  Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what ...
  • PayPal buys TIO Networks for $233 million  PayPal has agreed to buy bill payment management company TIO Networks for $233 million in cash. The deal will allow PayPal to gain access to a market of customers who pay their utility and cable bills at kiosks in locations like Rite Aid. This will help the company reach the “underserved” chunk of North Americans who are living ...
  • This venture firm just produced one of the first detailed equity research reports on Snap Inc.  Many things that used to be true primarily of the public market now happen within the world of private company investing, including the participation of mutual fund investors. Now, you can add equity research reports to that list. Goodwater Capital — a two-year-old, consumer-tech-focused venture firm is today taking the wraps off a detailed snapshot of pre-IPO Snap, ...
  • Amazon hints at Prime sales in latest filing  Amazon Prime has driven growth for the e-commerce company for years now. But Amazon has traditionally been cagey about disclosing too many details regarding the popular service. In a 10-K filing summarizing performance throughout 2016, the business did something that drew the attention of Wall Street analysts. It designated a category entitled “retail subscription services”… Read More Share this:Click ...
  • Nikon restructuring causes casualties to bottom line, camera line, and production line  Nikon’s plan to restructure in the face of challenges to the digital imaging space has proven more costly than expected in more ways than one. A rough quarter means the company will not only miss profit expectations, but will have to buy out a thousand employees and end its DL line of compact cameras. Read ...
  • PitchBook brings company financial data to its mobile app  Finding financial data, particularly for private companies, is no small task. It usually requires a solid BS detector for researching online and a network of knowledgeable sources to bounce numbers off of — not something that can easily be done over coffee or in the middle of a meeting. PitchBook, a PE and VC database, is integrating ...
  • Can you trust crypto-token crowdfunding?  In 2016, blockchain startups raised some $200 million in Initial Coin Offerings, a new form of crowdfunding based on cryptocurrency tokens. Some of the startups have raked in millions of dollars; several have failed to deliver. Expert opinion is highly polarized on the crypto-token crowdfunding hype, its reliability, its legality and its future. Here’s what ...
  • Pandora falls 4% on earnings news  Internet music giant Pandora fell 4% in initial after hours trading after the company released its fourth quarter 2016 earnings results. Pandora actually beat expectations, but this was already worked into the stock because the company announced last month that they would beat guidance. Investors were apparently looking for something better. The earnings per share loss ...
  • Greycroft announces $250 million growth fund  Greycroft Partners, the venture firm co-founded by industry veteran Alan Patricof, is announcing their second growth equity fund. They will have about $250 million in capital to deploy, an increase from the $200 million in their previous late sta… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Twitter says product changes are main growth driver, not just the President’s usage  Twitter’s advertising business is stalling, but the company is trying to focus on some flashes of improvement among the service — which it’s attributing to product changes, and not just to major events like presidential debates or the President’s usage of Twitter. There were some questions as to whether President Donald Trump’s usage of Twitter ...
  • Jack Dorsey says he’ll continue running both Square and Twitter  As Twitter’s growth continues to stall and increasingly become an issue, Twitter CEO Jack Dorsey’s double-time running both Twitter and Square has become a big question mark — and Dorsey says he’s staying the course. “This focus, and this team, allows me and gives me a lot of confidence I can continue to focus on ...
  • Twitter’s ad business may be becoming another one of its biggest problems  Twitter may have re-oriented itself and laid off part of its workforce to streamline its business, but it still doesn’t look like it is bringing in enough money to keep Wall Street happy. Here is the biggest data point from the company’s fourth-quarter earnings report: according to the company, advertising revenue totaled $638 million, which was down ...
  • Y Combinator now lets anyone recommend startups  After years of accepting tips from alumni, Y Combinator has decided to open up its recommendation network to everyone. The goal is to help increase the number of startups connected to YC by allowing professors, mentors, early customers and anyone else familiar with a team to submit recommendations to YC on their behalf. Kat Manalac, a ...
  • Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage  CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. This is a Series B investment and it was led by B Capital, the BCG-backed fund from Facebook co-founder Eduardo Saverin, and EDBI, the investment ...
  • Fintech is stimulating Chinese consumption and capital flow  Fintech is rapidly being adopted in China and is spurring consumption, both domestically in China and internationally. I interviewed the CEOs of three companies in China that are using fintech to boost purchases, ranging from daily necessities to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • N26 users can now get a credit line in five minutes  N26 is iterating at an incredible pace these days with a ton of new product features and geographical expansions to build the most modern bank in Europe. But the new features always follow the same motto — your current bank sucks, everything should be simpler. Today, N26 introduces consumer credit done right. I saw a preview ...
  • Financing growth with debt in the app economy  When it comes to obtaining financing to grow your app or game business, there are several options from which to choose that take a debt-based approach, rather than giving away equity in your business. Choosing the right type of financing is criti… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Thrive Capital hires Obama’s Director of Product Josh Miller to focus on tech for the underprivileged  Connections between the Obama administration and Silicon Valley abound, but particularly for Josh Kushner. The latest? Kushner’s venture firm Thrive Capital just hired Josh Miller, a member of the White House Office of Digital Strategy under President Barack Obama. Miller, just 24 when he left Facebook to serve as the White House director of product, starts Monday ...
  • Greenlight is a debit card for kids that parents manage from their phones  Greenlight, a three-year-old, Atlanta, Ga.-based startup, is trying to solve a problem that any parent of an elementary or junior high school student can well understand: how to give kids money without worrying that they’ll lose it or spend it on something they shouldn’t. It isn’t the first reloadable, prepaid card. MasterCard, Visa and American Express each ...
  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion  Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership ...
  • Snap paid $114.5M to acquire Vurb and gives acquisition details for Bitstrips and Looksery  Now that Snap is revealing its financial guts to the world in its filing for its initial public offering, we’re getting a small glimpse at how much the company is paying to acquire startups. As Snap becomes a larger company and is able to amass more of a cash pile, it’ll be able to start ...
  • Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit  Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the ...
  • Snap will expand distribution of Spectacles in 2017, but hardware remains an experiment  Snap, Inc. just released its IPO and there’s a lot to take away, but from a hardware perspective there’s not much present – which is actually telling in itself. The S-1 filing contains a few references to Spectacles, but they don’t suggest Snap’s view of itself as a camera company leans very heavily on its ...
  • Snapchat international user growth slowed in the second half of 2016  Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that ...
  • Snap has finally filed publicly for its massive IPO  It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. It’s going to be listed on the NYSE as “SNAP.” This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting ...
  • Amazon fumbles earnings amidst high expectations  Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In ...
  • UPDATE 1-Sports Direct in talks to bid for Bob’s, Eastern Mountain Sports -sources Feb 2 (Reuters) – Struggling British sportswear retailer Sports Direct is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob’s Stores and outdoor retailer Eastern… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 1-EU set to approve ChemChina’s $43 bln bid for Syngenta – sources BRUSSELS, Feb 2 (Reuters) – ChemChina is set to secure conditional EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta, the largest foreign acquisition by a… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Thieves now use “Shimmers” to grab Chip/PIN card data Just when you thought it was safe to slip your card in a slot ATM skimmers have gotten just a bit smarter. New devices called Shimmers can now read your card number and, in certain instances, access your card’s chip. While the technique isn’t new – Shimmers began appearing in 2015 – they are still ...
  • UPDATE 1-Bosnia loan on hold because of delays in reforms, IMF says * Government advisor expects action soon (Updates with detail, government comment) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-CCL Industries announces India entry for CCL label * CCL Industries Inc – pacman-ccl will invest $3.75 million in venture to acquire its stake, reduce debt and provide funding for future expansion Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • BRIEF-Cigna CEO says individual Obamacare business loss has been manageable * Cigna CEO says individual Obamacare business loss has been manageable and will be smaller in 2017 but still a loss Further company coverage: (Reporting By Caroline Humer) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Wecast Network acquires 55pct of Wide Angle Group Limited * Wecast Network Inc – WAG will reside and operate under wecast network’s recently purchased sun video group Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-CareTrust REIT Inc says acquired two seniors housing communities in Milwaukee metropolitan area for approximately $26.1 million * CareTrust REIT Inc says acquired two seniors housing communities in Milwaukee metropolitan area for approximately $26.1 million Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new ...
  • BRIEF-Vinergy Resources/MJ Biopharma to acquire majority stake in multinational plant breeder with C$14,000,000 in annual sales * Vinergy Resources/MJ Biopharma to acquire majority stake in multinational plant breeder with C$14,000,000 in annual sales Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • UPDATE 3-Shell nears another $5 bln in sales to ease debt load * Renewable energy spending capped at below $1 bln (Recasts, adds details, CFO, CEO, investor quotes, updates shares) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-GMS acquires Grabber Construction Products Hawaiian business * GMS expands its presence in Hawaii with acquisition of Grabber Construction Products Inc.’s Hawaiian business Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click ...
  • BRIEF-GP Strategies acquires McKinney Rogers * Completed acquisition of certain assets and business of McKinney Rogers Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-Dow Chemical says to sell its Ethylene Acrylic Acid copolymers and ionomers business * Dow announces proposed divestiture of ethylene acrylic acid (eaa) copolymers business Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • Shell nears deals to sell $5 bln of assets -CFO LONDON, Feb 2 (Reuters) – Royal Dutch Shell is nearing deals to divest $5 billion of assets, Chief Financial Officer Simon Henry said on Thursday, adding that the company was “selectively… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-UTour Group scraps plan to acquire travel agency HuaYuan Further company coverage: (Reporting by Hong Kong newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-Infineon CEO says expects to close Wolfspeed acquisition any time soon * CEO says expects to close wolfspeed acquisition any time soon Further company coverage: (Frankfurt Newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • Energean choses TechnipFMC to help develop Israeli gas fields * Greece’s Energean said on Thursday it signed a deal with oil and gas firm TechnipFMC to help develop Israeli offshore gas fields Karish and Tanin. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • UPDATE 1-Shell profit misses forecast due to forex-related charge LONDON, Feb 2 (Reuters) – Royal Dutch Shell’s profits were lower than forecast in the last quarter of 2016 due to an unexpected charge relating to foreign exchange moves, but it was still ahead of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • UPDATE 1-UK Stocks-Factors to watch on Feb 2 Feb 2 (Reuters) – Britain’s FTSE 100 index is seen opening 10 to 15 points lower, or down as much as 0.2 percent on Thursday, according to financial bookmakers, with futures down 0.1 percent ahead of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • RPT-Airbus calls in the movers as power shifts to new HQ PARIS, Feb 1 (Reuters) – After top-level restructuring at Airbus come the musical chairs and a new logo intended to convey unity as the European giant aims to refocus its management without a return… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • Nikkei falls to more than 1-week low as stronger yen sours mood TOKYO, Feb 2 (Reuters) – Japan’s Nikkei share average fell on Thursday to its lowest in more than a week after a stronger yen soured sentiment. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • PRESS DIGEST- New York Times business news – Feb 2 Feb 2 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Mead Johnson confirms deal discussions with Reckitt Benckiser * Confirms that it is in discussions with RB with respect to its proposal to acquire outstanding shares of MJN for $90 per share in cash Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • UPDATE 2-Oi aims to renegotiate debt before taking new capital -source SAO PAULO, Feb 1 (Reuters) – The board of Brazil’s fourth-largest wireless carrier Oi SA on Wednesday decided to first solve its court-supervised reorganization before discussing a potential capital… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 1-SK Innovation buys Dow Chemical’s ethylene acrylic acid unit for $370 mln * Includes Dow Chemical’s EAA business in U.S., Spain (Adds company comment) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Pershing Square Holdings reported NAV of $18.15 per share as of Jan. 31 * Releases monthly net asset value and performance report for January 2017 Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-Reckitt Benckiser confirms it is talks to buy Mead Johnson * Expects to finance the possible transaction through a combination of cash and debt Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 bln- source * Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 billion- source Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Reckitt Benckiser in talks to buy Mead Johnson Nutrition – WSJ Feb 1 (Reuters) – UK consumer giant Reckitt Benckiser Group Plc is in talks to buy baby-food maker Mead Johnson Nutrition Co, The Wall Street Journal reported, citing sources. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • Sports Direct in talks to bid for Bob’s, Eastern Mountain Sports -sources Feb 1 (Reuters) – British sporting goods company Sports Direct International Plc is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob’s Stores and outdoor retailer… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • H&R Block is now using IBM Watson to find tax deductions  Getting your taxes done is miserable. It’s complicated, time-consuming and costly — particularly for people whose financial situation requires them to seek help from tax professionals. The process is such a mess, even for said professionals, that H&R Block, one of the largest tax services providers, is partnering with IBM Watson to help make the process ...
  • BRIEF-Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 bln – CNBC citing DJ * Reckitt Benckiser is in talks to buy Mead Johnson in deal that could be worth more than $15 billion – CNBC citing DJ Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • INSIGHT-China’s “Silk Road” push stirs resentment and protest in Sri Lanka HAMBANTOTA, Sri Lanka, Feb 2 (Reuters) – China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • SoFi buys Zenbanx to offer banking and money transfer services to its users  Online lending firm SoFi announced today that it has acquired Zenbanx, a startup that offers banking, debit, payments and money transfer services to users online and through a mobile app. The combination of the two will allow SoFi to move deeper into the financial lives of its customers. While today it focuses on student-loan refinancing, mortgages and personal loans, integrating ...
  • BRIEF-Amaya makes additional payment on deferred purchase price * Has made an additional payment of $75 million on its outstanding deferred purchase price obligation for its acquisition of rational group Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click ...
  • UPDATE 1-Medical helicopter company Air Methods exploring sale – WSJ Feb 1 (Reuters) – U.S. medical helicopter company Air Methods Corp is exploring a sale, the Wall Street Journal reported, citing people familiar with the matter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Yomoni raises $5.4 million for its automated portfolio management service  French startup Yomoni is a promising fintech startup operating robo-advisors. It means that you can give the company some of your savings, and the startup automatically manages a portfolio for you, buying and selling stocks, bonds and more. Yomoni just raised $5.4 million from existing investors Crédit Mutuel Arkéa and Iéna Venture (€5 million). The ...
  • Medical helicopter company Air Methods exploring sale – WSJ Feb 1 (Reuters) – U.S. medical helicopter company Air Methods Corp is exploring a potential sale, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 4-Anthem CEO uncertain about 2018 Obamacare participation Feb 1 (Reuters) – Anthem Inc said on Wednesday that it might stop selling individual plans on the Obamacare exchanges in 2018 unless the U.S. government tightens enrollment and eligibility rules to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • BRIEF-PARKER ACQUIRES HELAC CORPORATION * PARKER-HANNIFIN CORP- TERMS OF TRANSACTION WERE NOT DISCLOSED Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • BRIEF-HCI group real estate unit acquires Pineda Landings shopping center * HCI Group real estate division acquires 100 percent ownership of newly-built Melbourne, Florida shopping center Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-Siemens CEO guides against further large digital buys * CEO says shouldn’t expect further huge acquisitions in digitisation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-Paramount to sell Waterview for $460 million * Says sale will result in a financial statement gain of approximately $110 million and a tax gain of approximately $393 million Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-BlackRock buys equity infrastructure franchise of First Reserve * Blackrock acquires energy infrastructure franchise from First Reserve Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • UPDATE 1-GE to sell entire stake in S.Korea’s Hyundai Card SEOUL, Feb 1 (Reuters) – General Electric said on Wednesday it has agreed to sell its 43 percent stake in South Korean credit card firm Hyundai Card Co Ltd as the U.S. industrial giant continues to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • BRIEF-GE to sell 43 pct stake in Hyundai Card to Hyundai Commercial, Affinity Equity Partners, GIC and Alpinvest * GE to sell shares in Hyundai Card Co. to Hyundai Commercial, Affinity Equity Partners and other investors Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Hyundai Commercial to buy part of GE stake in credit card firm for $258 mln SEOUL, Feb 1 (Reuters) – Hyundai Commercial Inc on Wednesday said it has decided to buy part of General Electric Co’s (GE) stake in South Korean credit card firm Hyundai Card Co Ltd for 298 billion… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • UPDATE 1-UK Stocks-Factors to watch on Feb. 1 Feb 1 (Reuters) – Britain’s FTSE 100 index is seen opening 34 points higher at 7,134 on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Solvay acquires Energain technology from DuPont * Solvay acquires Energain technology from DuPont and extends its advanced Li-ion batteries offer Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Elior to acquire Corporate Chefs in the US * To acquire Corporate Chefs in the US Source text for Eikon: Further company coverage: (Gdynia Newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • BRIEF-Nidec buys drive-motor and power generator business from Emerson Electric Co * Says it completed acquisition of drive-motor and power generator business from the U.S.-based firm Emerson Electric Co Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Korea’s AIM raises $1.6M for its mobile trading service  Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. The fintech company has developed a system which works alongside existing investment institutions to allow users in Korea to make trades and investments via their smartphone. So rather than ...
  • Avianca says to negotiate alliance with United Airlines BOGOTA, Jan 31 (Reuters) – Avianca Holdings SA, one of Latin America’s biggest airlines, said late on Tuesday it is seeking a commercial alliance with United Continental Holdings Inc, under terms… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • ForeScout Technologies filed confidentially for IPO  ForeScout has filed confidentially for an IPO, TechCrunch has confirmed. The security company has submitted its S-1 and will be unveiling it to the public closer to its debut. The IPO is likely to happen in the next few months, with an exact date yet-to-be-determined. The JOBS Act from 2012 made it so that the companies ...
  • BRIEF-Northern blizzard says recieved interest from third party for business combination * Northern Blizzard Resources Inc. Announces waiver of condition in substantial issuer bid Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Canadian Equipment Rentals agrees to sell general rental assets to Cooper Rentals Canada * Enters into agreement to sell general rental assets to Cooper Rentals Canada Inc Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • UPDATE 1-EU clears final hurdle for end of mobile roaming charges BRUSSELS, Feb 1 (Reuters) – The European Union clinched a preliminary deal early on Wednesday to cap wholesale charges telecom operators pay each other when their customers use their phones abroad,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • After slump in energy deals, hints of recovery: EY LONDON, Feb 1 (Reuters) – A sharp pick up in deal-making in the oil and gas sector in recent weeks has scope to accelerate as oil prices recover, advisory company EY said in a report. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Raising a $32M Series A, Knock seeks to stand out with new model for selling homes  Online real estate service Knock is finishing up a $32 million Series A round led by RRE Ventures. The new company, founded by former Trulia executives, promises to handle the details of home sales in exchange for the traditional six percent commissions. Unlike legacy sellers, though, Knock promises you market-rate returns on your house in advance. And if, for whatever reason, ...
  • UPDATE 2-Elliott starts proxy fight with Arconic as it posts Q4 loss CHICAGO, Jan 31 (Reuters) – Activist investor Elliott Management Corp on Tuesday launched a proxy fight against Arconic Inc, which makes engineered metal parts for the aerospace, automotive and other… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Columbia Property Trust sells Cleveland’s key center for $267.5 mln * Columbia Property Trust sells Cleveland’s key center for $267.5 million Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • BRIEF-Carbonite acquires Double-Take Software * Carbonite Inc says aggregate purchase price for Double-Take Software was $65.25 million Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Dish acquires DBS and OTT assets from Echostar * Dish Network Corp – transaction also transfers to dish 10 percent stake in Sling TV held by Echostar Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • Apple Services have a huge quarter as App Store sees ‘record activity’  Apple just released its first quarterly earnings report of the new year, and the company was quick to share that it was a banner quarter for the company’s Services segment which topped $7.17 billion, growing 18 percent year-over-year from $6.05 billion in Q1 of 2016. “Revenue from Services grew strongly over last year, led by record customer activity ...
  • BRIEF-KMG reports acquisition of Sealweld * KMG Chemicals Inc- Sealweld is immediately accretive to kMG’s adjusted ebitda and adjusted earnings per share Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter  With another big holiday quarter behind it, Apple saw revenues from its flagship iPhone product rise to $54.4 billion, up from $51.6 billion a year earlier. That revenue growth came as Apple reported units sold rose 5 percent to 78.3 million in its fiscal first quarter of 2017. That was a record for sales, and also beat analysts expectations ...
  • Apple shares up 3% after company beats earnings expectations  Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading. Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting. Investors were pleased that the company sold 78.3 ...
  • Apple’s services are buoying its return to growth as its iPhone engine stalls  It looks like Apple’s big bet on building an array of services like iCloud, Apple Music and the App Store is starting to be the big business the company hoped it would be. Wall Street and Apple had expected to return to growth this quarter following the holiday season, though it was supposed to be ...
  • BRIEF-Hologic completes divestiture of blood screening business * Hologic completes divestiture of blood screening business Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Exactech reports divestiture of spine assets and restructuring charges * Exactech announces divestiture of spine assets and restructuring charges Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • UPDATE 2-Brazil state rules out Cemig sale as debt relief condition -source SAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Warren Buffett: I bought $12 billion of stock after Trump won Jan 31 (Reuters) – The failure of Warren Buffett’s favored candidate to capture the White House has not dimmed the billionaire’s appetite for stocks. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • BRIEF-Carlisle Companies acquires Arbo Holdings Limited * Arbo Holding Limited business will operate as a unit within Carlisle Construction Materials Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • UPDATE 2-Nasdaq to close NLX trading venue, reports Q4 loss NEW YORK, Jan 31 (Reuters) – Nasdaq Inc said on Tuesday it would wind down its struggling London-based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Lonza launches accelerated bookbuilding * Following the announcement on 15 December 2016 regarding the contemplated acquisition of Capsugel, Lonza launches an accelerated bookbuilding by offering up to 5.0 million registered shares Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • U.S. securities class actions soar to two-decade high Jan 31 (Reuters) – U.S. securities class actions have soared to a two-decade high, topping levels during the financial crisis, after a landmark January 2016 ruling meant to deter lawsuits in Delaware… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Uber strikes deal with Daimler to add self-driving Mercedes-Benz to fleet SAN FRANCISCO, Jan 31 (Reuters) – Uber Technologies Inc has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world’s first fleets of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Qvivr raises $5M to move beyond its all-in-one credit card  Qvivr, a Silicon Valley-based FinTech startup originally known for building the SWYP programmable credit card, has raised $5M in Series A funding. The funding was led by Khosla Ventures, with participation from a large multinational Asian bank. The startup was founded in 2014 and originally launched with a pre-order campaign for a hardware product that would let ...
  • Thoma Bravo explores sale of Global Health Exchange-sources Jan 31 (Reuters) – Buyout firm Thoma Bravo LLC is exploring a sale of Global Health Exchange (GHX), a software company that helps track medical and surgical supplies that could be worth as much as… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Uniserve Communications says “substantial” EBITDA rise after restructuring * Uniserve reports substantial EBITDA increase after restructuring Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest (Opens ...
  • BRIEF-Everbridge announces acquisition of IDV Solutions * Everbridge announces critical event management and acquisition of IDV Solutions Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • Actelion, Syngenta takeovers set to shake up Swiss SMI index * SMI blue-chip index composition faces biggest change in years Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-3D Systems to transform digital dentistry with acquisition of NextDent * 3D Systems Corp – expects acquisition to be immediately accretive to its non-gaap earnings per share and cash generation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • UPDATE 1-Health insurer Aetna’s quarterly profit beats estimates Jan 31 (Reuters) – Health insurer Aetna Inc, whose $34 billion deal for Humana Inc was blocked last week, reported a higher-than-expected quarterly profit on Tuesday, helped by higher premiums for… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • Health insurer Aetna’s quarterly revenue rises about 5 pct Jan 31 (Reuters) – Health insurer Aetna Inc, whose $34 billion deal for Humana Inc was blocked last week, reported a rise of about 5 percent in quarterly revenue on Tuesday, helped by higher premiums. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Radware acquires Seculert to enhance data center security * Radware Ltd says company expects acquisition to be immaterial to its 2017 revenues Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • UPDATE 2-Seadrill seeks at least $1 bln capital lifeline as debt deal delayed again OSLO, Jan 31 (Reuters) – Oslo-listed rig firm Seadrill is looking to raise at least $1 billion in new capital as talks to restructure its debt and liabilities worth $14 billion are taking longer… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Russia’s Nordgold says considers delisting from London Stock Exchange MOSCOW, Jan 31 (Reuters) – Russian gold miner Nordgold said on Tuesday it was considering delisting its global depositary receipts from the London Stock Exchange but that no decision had been taken… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • BRIEF-Ipsen to acquire Primary Care Platform in Italy from Akkadeas Pharma * Ipsen to acquire Primary Care Platform in Italy from Akkadeas Pharma Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8 bln * Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8bn Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • GE Oil and Gas CEO sees offshore activity pick up in 2018-19 FLORENCE, Italy Jan 31 (Reuters) – Activity in offshore oil and gas fields is expected to pick up in 2018 and 2019 as companies revive investments after several years of low energy prices, Lorenzo… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • SoftBank considers investment of over $1 bln in WeWork – WSJ Jan 30 (Reuters) – SoftBank Group Corp is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • NVCA chair on immigration orders: “If you’re not at the table, you’re on the menu”  Venky Ganesan, managing director of $4.4 billion venture capital firm Menlo Ventures and current chairman of the National Venture Capital Association, is walking a political tightrope and trying not to fall off. The venture capital industry, financiers to many tech giants, relies on immigrant talent to launch startups, help them thrive, and drive their continued success. Right ...
  • ADM to sell crop insurance business to Validus Holdings CHICAGO, Jan 30 (Reuters) – U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • Raymond James to roll out robo-adviser in 2017 NEW YORK, Jan 30 (Reuters) – Raymond James Financial is rolling out a new digital platform with robo-adviser-like technology this year, the St. Petersburg, Florida-based firm said on Monday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 2-Brazil to open airlines, agricultural land to foreign buyers -sources BRASILIA, Jan 30 (Reuters) – President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Mettrum Health, Canopy Growth announced that a court has issued final order approving proposed acquisition * Mettrum Health – Co, Canopy Growth Corporation announce that Ontario Superior Court of Justice has issued final order approving proposed acquisition Source text for Eikon: Further company… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Tapping Nas’ former fund manager Manhattan Venture Partners launches MVP All-Star fund  Rashaun Williams, a former fund manager at Queensbridge Venture Partners, the venture capital firm made famous by the hip-hop legend Nas, has joined boutique merchant bank Manhattan Venture Partners to leverage his proximity to star power for a n… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • BRIEF-QTS expands in Dallas with acquisition of 53-acre mega data center campus from Health Care Service Corp * QTS expands in Dallas with acquisition of 53-acre mega data center campus from Health Care Service Corporation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-Validus Holdings says deal to acquire ADM’s crop risk services business * Validus Holdings announces agreement with Archer Daniels Midland to acquire ADM crop risk services business Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-ADM says agreement for sale of Crop Risk Services business to Validus * Archer Daniels Midland Co – expects to record a book gain upon deal closing Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • Orascom extends deadline of alternative plan for Brazil’s Oi SAO PAULO, Jan 30 (Reuters) – Orascom TMT Investments Sarl has voluntarily extended the deadline to consider an alternative in-court reorganization plan for Brazilian phone carrier Oi SA, which in… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Enphase Energy says reducing work force by about 18 pct * Enphase Energy Inc – Restructuring will include an approximately 18 percent reduction in force Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Deals of the day-Mergers and acquisitions Jan 30 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2040 GMT on Monday: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • UPDATE 2-Keysight Technologies to buy Ixia for $1.6 billion Jan 30 (Reuters) – Keysight Technologies Inc, a provider of software and equipment to the electronics industry, said on Monday it would buy U.S. data technology company Ixia for about $1.6 billion… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • Apple revenue could grow again thanks to the iPhone 7  Apple will report its holiday quarter earnings tomorrow. Once again, all eyes will be on the iPhone. The device now represents the vast majority of the company’s revenue. So anything that can affect iPhone sales is a big deal. And if you’ve been paying attention to Apple’s past earnings, you know that Apple has had ...
  • UPDATE 1-Persistent price pressure take toll on Slim’s Telekom Austria VIENNA, Jan 30 (Reuters) – Telekom Austria, a unit of Mexican tycoon Carlos Slim’s America Movil, confirmed a fall in its full-year core profit, largely due to tough price competition which it… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Deutsche Bank’s future capital needs uncertain – Handelsblatt FRANKFURT, Jan 30 (Reuters) – There is still some uncertainty over whether Deutsche Bank may need to increase its capital, management board member Christian Sewing was quoted as saying in German… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 4-Walgreens delays Rite Aid deal again, cuts offer price Jan 30 (Reuters) – Drugstore chain Walgreens Boots Alliance Inc said its deal to buy smaller rival Rite Aid Corp would now take six months longer to close and also reduced its offer price as it… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • UPDATE 1-Former HBOS bankers found guilty in $307 million fraud trial LONDON, Jan 30 (Reuters) – Two former HBOS bankers and four other people were found guilty on Monday in a $307 million fraud trial. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • REFILE-UPDATE 1-Mediawan joins big league in TV content with offer for Groupe AB PARIS, Jan 30 (Reuters) – Mediawan, set up by some of France’s biggest media investors to challenge giants like Netflix, is set to become the country’s second biggest pay TV player through a proposed… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • Snap to list on New York Stock Exchange  Snap, the parent of Snapchat, will be listing on the New York Stock Exchange, TechCrunch has confirmed. The news was first reported by the Wall Street Journal. This means that you can expect to see a big Snapchat banner on Wall Street and that executives will likely be ringing the opening bell when the company debuts, likely ...
  • BRIEF-Walgreens Boots Alliance revises FY 2017 adj EPS guidance to $4.90 to $5.08 * Revised its guidance for fiscal year 2017, and now anticipates adjusted net earnings per share of $4.90 to $5.08 Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • UPDATE 1-Germany talks to banks about Frankfurt move after Brexit * U.S., UK, Australian and Japanese banks attend (Adds detail of meeting) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Nando’s spicy chicken chain weighs IPO to fund expansion – Bloomberg * Nando’s spicy chicken chain weighs IPO to fund expansion – Bloomberg, citing sources Source text: http://bloom.bg/2jNz2KG Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-Broadwind Energy reaches agreement to acquire Red Wolf Company Llc * Broadwind Energy reaches agreement to acquire Red Wolf Company Llc Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • BRIEF-Cbl & Associates Properties acquires five sears stores for future redevelopment through sale-leaseback * CBL & Associates Properties Inc acquires five sears stores for future redevelopment through sale-leaseback Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Fitbit to cut six-percent of its staff following a disappointing Q4  As anticipated, wearable leader Fitbit kicked off the week by announcing a six-percent reduction in global work force, following disappointing fourth quarter financials. The company will go into greater detail on today’s earnings call, but a preliminary statement issued this morning details the loss of 110 jobs, as part of a “reorganization of its business” designed ...
  • BRIEF-Mueller Water Products to acquire Singer Valve * Mueller Water Products Inc – deal for c$34 million in cash. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • Walgreens pushes Rite Aid deal close by 6 months, reduces offer price Jan 30 (Reuters) – Walgreens Boots Alliance Inc said its deal to buy smaller rival Rite Aid Corp will now close six months later than expected and could include the divestiture of up to 1,200 stores… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • BRIEF-H.B. Fuller company acquires Wisdom Worldwide Adhesives * Says H.B. Fuller expects transaction to be modestly accretive to earnings in first year Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • UPDATE 1-Tempur Sealy terminates contracts with Mattress Firm Holdings Jan 30 (Reuters) – Mattress maker Tempur Sealy International Inc said it terminated its contracts with U.S. mattress retailer Mattress Firm Holdings Corp, after disagreements over changes, which… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-Harvest Partners SCF acquires minority stake in GPM Investments LLC * Harvest Partners SCF, LP acquires minority ownership stake in GPM Investments, LLC Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • Intesa’s bold gamble stuns cosy club of Italian finance * Complex deal would reshape Italian finance but faces hurdles Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • Chinese battery maker CATL buys stake in Finnish car supplier HELSINKI, Jan 30 (Reuters) – Chinese battery maker Contemporary Amperex Technology Limited (CATL) has bought a 22 percent stake in Finnish auto supplier Valmet Automotive to expand in the European… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Frontline bids for DHT, aims to make largest listed tanker firm * Has approached DHT Holdings with a non-binding proposal for a possible business combination where Frontline would acquire all outstanding shares of common stock of DHT in a stock-for-stock… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 2-UK Stocks-Factors to watch on Jan 30 Jan 30 (Reuters) – Britain’s FTSE 100 index is seen opening down 28 points at 7,156 on Monday, according to financial bookmakers, with futures down 0.4 percent ahead of the cash market open. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • CSX, outgoing Canadian Pacific CEO in settlement talks – WSJ Jan 29 (Reuters) – U.S. railroad operator CSX Corp is discussing a settlement with Hunter Harrison, the outgoing chief executive of Canadian Pacific Railway Ltd, and activist investor Paul Hilal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • UPDATE 3-Shares in British engineering group WS Atkins rally on merger talk * CH2M approaches Atkins over potential $4 bln merger -the Times Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • PRESS DIGEST- British Business – Jan 30 Jan 30 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...