SAC Capital pleaded guilty to five counts of criminal charges amounting to USD1.2 billion in penalty.
Sectors
Vista Equity Partners closes USD1.1 billion small-cap fund
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
Velocity Venture Capital Boosts 10 promising startups
Velocity Venture Capital accepted 10 technology startups into the third level of its Business Accelerator program.
BlackBerry Interim CEO promises turnaround for firm
BlackBerry Interim CEO John Chen stressed his experience to be able to turn around the firm. in light of the pull out of Fairfax Financial Holdings and the removal of their CEO, BlackBerry did damage control in appointing John Chen as its interim CEO and executive chairman.
Twitter ups share price range to between USD23 and USD25 per share
Twitter reprices its IPO shares to USD23 and USD25 per share, pegging the volume price at USD1.75 billion.
Latest News
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
TheSkimm received USD1.1 million in seed funding for the development of its newsletter for busy professionals.
HSBC experienced another rise in shares at the Hong Kong stock trading. Europe's largest bank in terms of market value, HSBC Holdings PLC (HSBA), stocks rose on its sixth week in the Hong Kong stock trading.
Environment-friendly home furnishing company Bambeco Inc gathered USD 4.5 million in its first institutional fundraising round.
Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.
Canada-based private equity firm Lynx Equity bought lighting fixtures maker Valuelight Limited. Lynx Equity announced its purchase of Valuelight Limited.
RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
