The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.
Finance/Venture
Einhorn's Greenlight Capital goes to court to know identity of Seeking Alpha commenter who disclosed Micron stake
Greenlight Capital has asked a New York state court to order the website Seeking Alpha to reveal the identity of the person who leaked the hedge fund's stake in Micron last year, Reuters reported.
Cash, rent-free storefront await winner of Downtown Sacramento Foundation's "Calling All Dreamers" contest
Winner of Downtown Sacramento Foundation's "Calling All Dreamers" business plan contest stands to receive $145,000 business startup package, which includes cash and a rent-free storefront for one year.
Soros Fund Management divests stake in JC Penney
Soros Fund Management sold the stake it held in retailer JC Penney, liquidating 19.98 million shares, in the final quarter of last year, Reuters reported citing a regulatory filing.
Silver Lake in exclusive talks to divest Serena Software Inc to private equity firm- sources
Silver Lake is already in advanced talks with private equity firm HGGC LLC to exit information technology management firm Serena Software Inc, according to four sources interviewed by Reuters.
Latest News
Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sources interviewed by Bloomberg.
Arizona, US-based lending startup BodeTree offered its analytics and automated funding services for free to help small businesses in the country secure funding from local banks
US-based angel investor and Wine Library TV founder Gary Vaynernuck partnered with RSE Ventures cofounder Matt Higgins to launch a $25 million seed fund called Vayner RSE which they might be used to start a new brand of wine.
France has become friendlier with young firms as it substantially raises the limits of Kickstarter-like crowdfunding and equity crowdfunding campaigns of French startups to $1.4 million respectively each year, TechCrunch reported.
With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.
Ronny Conway closed his early-stage fund targeted at relieving the Series A crunch for startups. The size of the fund was $51 million, TechCrunch reported citing a filing with the Securities and Exchange Commission.
Wells Fargo & Co is now making its way back to the subprime mortgage market, potentially bringing fears that US lenders will be making the same mistakes that prompted the financial crisis, Reuters reported.
Smart bathroom scale maker PICOOC is raising $20 million for its second institutional funding round. The company makes the smart body scale brand Latin, TechNode reported.
Yevvo, the iPhone app developed by Israeli firm Yevvo Entertainment Inc, gives a platform for selfie stars to share live videos of themselves to a virtual audience, the Venture Capital Dispatch reported.
