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.
Finance/Venture
Federal funding uncertain, US states look to pay for programs
As the US partial shutdown now on its eleventh day, states were confronted into choosing between putting their own funds for federal programs or letting vital services lapse.
AlphaMetrix has 'significant cash flow' issues
Community pool operator AlphaMetrix Group LLC recently fired its CFO as it grapples with liabilities far greater than its liquid assets.
G20 urges US to end deadlock and avoid debt default
Finance officials from the largest economies in the world had urged the US to avoid a possible devastating debt default last Friday, said a report from Reuters.
Barclays aids Detroit with lifeline financing
The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
Latest News
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.
Mitsubishi UFJ Trust and Banking Corp announced the completion of its acquisition of Butterfield Fulcrum Group, now known as Mitsubishi UFJ Fund Services.
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.
In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.
Elliot Management is holding out for a higher valuation of its shareholdings in Kabel Deutschland in the takeover bid by Vodafone Group Plc.
The merger of ICE-NYSE Euronext would not be subject to EU objection, according to individuals with knowledge of the matter.
Bahraini businessman Mahmood Al Kooheji quit his post as Tamkeen CEO without providing a reason for the said decision.
Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
