Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
Sectors
Former Credit Suisse banker Serageldin gets 30 months
Kareem Serageldin, a former banker of Credit Suisse, was sentenced to 30 months in prison for his role in the scheme that inflated the prices of subprime mortgage bonds artificially at a time when housing and credit conditions were taking a turn for the worse.
Green Dot Corp to buy GE Capital's Wal-Mart debit cards
California-based Green Dot Corp. intends to buy GE Capital's Wal-Mart branded prepaid debit cards. The deal will bring in over USD276 million in total deposits to Green Dot's bank in Utah.
Tesla CEO awaits for Feds to clear Model S in Fires
Tesla CEO Elon Musk is confident that the Model S vehicle would soon be cleared and deemed safe by federal investigators. He isn't expecting a recall and said Tesla engineers are not currently working on any fixes for the vehicles and has instead amended its warranty to cover fire loss in crashes.
Shareholders pressure AT&T, Verizon and other companies over NSA spying activities
AT&T, Verizon Communications, and even tech companies like Google, Microsoft and Yahoo had been pushing for the US government to allow them to publish surveillance orders to appease shareholders in light of the revelations by NSA whistleblower Edward Snowden.
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The Japanese Ministry of Health, Labor and Welfare approved EYLEA (aflibercept) Injection to treat macular edema following Central Retinal Vein Occlusion, expanding Regeneron Pharmaceuticals Inc's reach in the Asian market.
Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.
US-based education startup Coursera added another USD20 million to its USD43 million Series B funding, bringing in a total of USD63 million for the round.
New York's Sycamore Partners LLC is nearing a deal to acquire apparel retailer Jones Group Inc. The private equity firm is reportedly offering a price of USD16 per share, totaling the size of the deal to USD1.3 billion.
As far as investors go, there are two sides to the Bitcoin - to bet or not to bet in the digital currency. Joe Light, in his Wall Street Journal report, provided these two sides.
Cousera raised an additional USD 20 million in funding, bringing to a total tally of USD 63 million raised just from its Series B funding round. Backers behind this round were three of the universities that offered courses on Coursera and existing investors such as GSV Capital and Learn Capital.
Although Nissan had set a timeframe of its release of self-driving cars to the public, a report by US News argued that Google might be launching its version of the self-driving car earlier.
G20 Ventures sought to raise USD75 million for its first venture capital fund. A November 20 filing confirmed reports that Advance Technology Ventures's Bob Hower and Bill Wiberg will spin out a new venture fund under the name G20 Ventures.
Federal Governor Daniel Tarullo said regulators should put their attention not only on banks but on the shadow banking system as well. He said policy options for shadow banks needed to be reformulated to counter its risks.
