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.
Sectors
Coursera nabs USD20 million more in Series B funding
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.
Sycamore negotiating Jones Group buyout for USD1.3 billion
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.
Bitcoin - to bet or not to bet
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.
Coursera Bags USD 20 million in Series B funding
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.
Latest News
The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations in Fukushima.
A report published on Reuters said investors continue to pour in lots of money in hedge funds as they view the investment as a necessary yet expensive part in their portfolios.
According to a new report by the Associated General Contractors of America, Mississippi has led the US in construction job growth third quarter of this year. Former leader Tennessee has dropped to rank number 44.
The European Commission is looking at the way container-shipping companies announce their price increases, saying it may be possible that they are colluding with each other to rig prices.
Eagle Genomics, a Cambridge, UK-based provider of bioinformatics software and services covering life science and other sectors, has successfully raised an additional USD 1.6 million in funding.
Two sources told Reuters that Apache Corp and state-controlled Argentine energy company YPF had been in discussions for the possible sale of Apache's stakes in Argentina.
Sitari Pharmaceuticals, a San Diego, CA-based developer of multiple disease indication treatments with a focus on celiac diseases, raised USD 10 million in Series A funding. The fund would be used to continue supporting research and development of novel treatments for celiac diseases.
Basic-Fit, a Netherlands-based discount fitness operator receives a venture round funding worth about EUR 110 million from the 3i Group PLC. Now with an enterprise value of EUR 275 million, this round would help Basic-Fit further into their domestic and international rollout plans.
Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.
