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CIC launches new long-term financing fund

Cambridge Innovation Capital (CIC) launched a GBP50 million fund to place investments in help the development of ideas of companies and startups, said a TechCruch report.


Stonegate Mortgage Corp gathers USD 114 million in IPO

Stonegate Mortgage Corp raised USD 114 million in funds in its New York IPO. Stonegate Mortgage Corp was able to raise USD 114 million in its initial public offering in New York.

Dwolla closes its Bitcoin payment services business

Payment processing company Dwolla told its customers through an email statement it would no longer accept Bitcoin currency starting the end of this month.

Mitsubishi UFJ Trust and Banking Corp completes purchase of Butterfield Fulcrum Group

Mitsubishi UFJ Trust and Banking Corp announced the completion of its acquisition of Butterfield Fulcrum Group, now known as Mitsubishi UFJ Fund Services.


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Samsung Electronics Co Ltd issued a statement to deny reports of its acquisition of Fingerprint Cards AB for USD650 million.
Users of Apple Inc's iPhone 5S displayed a blue screen of death initially thought to be only available on Microsoft Corp's Windows.
A total of USD237.1 million was given to Rostelecom by Deutsche Bank and Russian Direct Investment Fund for over 72 million Rostelecom ordinary shares.
Otsuka Pharmaceutical announced today the completed acquisition of Astex Pharmaceuticals in a deal valued around USD900 million.
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
WR Grace & Co would be buying the polypropylene licensing and catalyst division of Dow Chemical Co for USD 500 million.
Private equity-backed KIK Custom Products would be purchasing the consumer products business of Chemtura Corp in cash.
The government of Congo had plans to implement changes to its equity agreements with mining firms, which includes increasing its free stake in all new mining projects from 5% to 15%.
An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insurance.
Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.
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