Petroleos de Venezuela SA is set on selling USD4.5 billion worth of bonds to increase scarce international reserves as well as curb the fastest rising inflation rate in the world.
Corporations
Divestments to follow after ICE-NYSE merger - Sprecher
ICE chief executive officer Jeffrey Sprecher said divestments of some of NYSE's assets was detrimental to its goal of reducing expenses of its newly-combined company.
Jos A Bank raises bid, provides deadline for possible merger
The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.
Ledzworld rounds up USD5 million in funding for sales growth
Netherlands-based LED lighting solutions developer Ledzworld recently received USD5 million in funding to be used for the acceleration of its sales, manufacturing, and global expansion.
Financo seeks to raise private equity fund for lower middle market companies
New York-based consumer and retail-focused investment bank Financo announced its intention to raise USD75 million to USD100 million for the launching its private equity fund in 2014.
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Berlin-based task management company 6Wunderkinder raised USD19 million in a Series B funding round to be used for the firm's expansion in the US and business development.
With an expectation of strong demand for its shares in the market, Glencore Xstrata would be making its market debut in the Johannesburg bourse today.
Health device innovator Scanadu recently raised USD10.5 in a Series A funding led by Relay Ventures for the development and marketing of its urine analysis tool for smartphones.
In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
California-based bills payment and invoicing startup Bill.com picked up USD38 million in a new financing round led by Scale Venture partners and other former investors.
Cooper had sought the jurisdiction of the Delaware Supreme Court to rule on the order by Delaware Chancery Court Judge Sam Glasscock III finding no fault on Apollo for the delayed merger.
San Francisco-based alternative payday loans startup LendUp raised USD14 million in its first venture round led by Google Ventures to lend money to people with poor credit.
Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
Virginia-based tech startup FoundationDB raised USD17 million in a financing round led by Sutter Hill to be used for the expansion of its reliable database project.
