Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
Corporations
Barclays provides explanation for frozen expat accounts in UAE
Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
General Electric Capital Corp to sell majority stake in GE Money Bank in IPO
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Toshiba eyes major stake in UK nuclear consortium NuGen - CEO
Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
MF Global Holdings plans to return more client funds
A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.
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In an announcement today, passenger travel search engine company Skyscanner announced that Sequoia Capital had placed investment commitments to the startup valued at USD800 million.
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
The National Retail Federation said the US retail sales would increase this holiday season by 3.9%. Retail sales in the US were expected to increase by 3.
FinGelit Chief Executive Officer Mattia Malgara said the Italy-based food maker would be going public next year.
Commonwealth Annuity and Life Insurance Co., a wholly subsidiary company of Global Atlantic Financial Group, announced the completion of its acquisition of Aviva USA's life insurance business.
A crash in Kent, WA resulting in a fire had caused a slight decline in share values for Tesla. Share values of Tesla declined at the close of trading today due to the report from the electric car manufacturer of a fire in one of its vehicles due to a crash.
Oregon-based Cascade Microtech announced its acquisition of ATT Advanced Temperature Test Systems. Cascade Microtech bought Germany-based ATT Advanced Temperature Test Systems for EUR 8.
A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.
British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion. Aviva Plc sold its US unit to Athene Holding for USD 2. 6 billion, fetching USD 800 million more than the initial price tag.
