The sale of GE Money Bank was a move from General Electric to retreat from the finance sector that would value the company up toCHF1.53 billion, said a report from Reuters.
Sectors
Ziggo rejects Liberty Global's preliminary offer
Dutch cable company Ziggo had rejected the preliminary takeover offer from Liberty Global Plc saying that the bid was inadequate, reported Bloomberg.
US Senators reach deal to end shutdown
The bipartisan leaders of the US Senate had finally agreed to end the partial shutdown of the United States and raise its borrowing authority, said a report from Bloomberg.
JP Morgan to pay USD100 million to settle Whale trades charges
JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.
Renaissance announces the launch of ETF-focused IPO
Renaissance Capital had announced the launch of an exchanged-traded fund (ETF) IPO on the NYSE Arca Exchange.
Latest News
Kenyan retailer Naivas said that it had ended its talks with Massmart, a Wal-Mart Stores Inc. subsidiary in East Africa.
People familiar with the matter told Bloomberg that Edgewood Partners was looking for bidders for the insurance firm.
Imperial Capital Group backed STI Technologies with a USD 17 million investment. Toronto-based Imperial Capital Group announced its USD 17 million investment in reimbursement card provider STI Technologies.
According to a Techcrunch report, the initial public offering of enterprise cloud provider Veeva Systems saw its shares climbed almost 84% and had raised USD194 million.
500 Startups said in its recent US Securities and Exchange Commission filing that it would raise USD100 million to increase its investment in early-stage startups and put additional investment in startups it had already supported.
According to news agency AFP, video platform Dailymotion intended to continue with its acquisition and Asian expansion plans despite failed buyout talks between its parent company Orange and Yahoo Inc.
Pharmaceutical firm G1 Therapeutics scored USD 12.5 million from MedImmune Ventures and other investors in its Series A funding round.
Texas-based private equity firm Cotton Creek Capital bought Royal Baths Manufacturing for an undisclosed amount.
PPF Group, a Czech investment group, had discussed with Telefonica regarding a possible acquisition deal for the Spanish telecoms' unit in Czech Republic.
