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.
United States
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.
Hackers use flaw in Microsoft's new web browsers to attack websites of veterans, French aerospace employees
A flaw found in new version of Microsoft Corp's Internet Explorer was used to attack the website of the Veterans of Foreign Wars as well as that of that of French aerospace industry employees, Reuters reported.
CHS picks up Terral RiverService's fertilizer business in Lake Providence
Minnesota, US-based CHS Inc agricultural and energy firm CHS Inc picked up the fertilizer business of Lake Providence, Louisiana-based river transportation service provider Terral RiverService for an undisclosed sum.
US trucking and shipping firm Momentum Transportation acquires JIX International Freight Services
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
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Ivanpah Solar Electric Generating System, the biggest solar thermal power plant in the world, opened in the Mojave Desert on Thursday with the help of the technology provided by BrightSource Energy and the $1.6 billion loan guarantee from the Department of Energy.
US-based art startup Instapainting turns any photos into a hand-painted oil painting for $53 to $130, beating most of its competitors with its pricing and speed in delivering the finished product.
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.
Oregon Angel Fund led the $1.7 million round "Series Seed" round for Marshall Kirkpatrick's social marketing startup Little Bird, bringing the company's total funds raised to date to $2.7 million, TechCrunch reported.
San Francisco, US-based online nanny marketplace UrbanSitter raised $15 million in Series B funding to expand its marketing efforts and continue connecting US families with qualified nannies.
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.
Matrix Partners, Ellen Levy and Sandra Perkins invested $1.5 million for the seed funding round of RocksBox, a subscription jewelry service that aims to empower consumers, TechCrunch reported.
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.
