The Federal Reserve said it will be trimming its monthly bond purchases to $75 billion from $85 billion in its first move to start tapering, Bloomberg reported.
United States
Carlyle hires Credit Suisse to explore outright sale or IPO of PQ
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp. for $3 billion. Carlyle has tapped investment bank Credit Suisse to explore an outright sale or IPO of PQ.
US firm Datameer snags $19M in Series D for big data analytics platform
San Mateo, California-based big data analytics firm Datameer raised $19 million in a Series D funding round led by Next World Capital that brings its total funding to $36.6 million.
Kenneth Feinberg to leave Davis Advisors
Money manager Kenneth Feinberg who co-manages the Davis New York Venture Fund and Selected American Shares will be leaving the New York-based investment firm by the end of this year.
Boston firm Curoverse raises $1.5M for genetic data storage platform
Boston-based firm Curoverse secured $1.5 from a seed funding round to develop and commercialize its private beta technology that helps biomedical researchers in storing and analyzing human genetic data.
Latest News
Darty, the third-largest electricals retailer in the European region, had agreed to sell Darty Turkey to eliminate losses in non-core markets. Darty has responded to weak consumer spending and competition from online retailers by exiting its loss-making operations.
While the search for the next CEO of Microsoft Corp intensifies. lead contender Satya Nadella took the time to mingle with Paris startups in a conference, Bloomberg reported.
Private equity firm Centerbridge Partners has abandoned the deal to buy bankrupt LightSquared. Centerbridge, which had offered $3.3 billion for LightSquared, is uncertain over when federal regulators would approve the company's proposed building of a wireless network.
Wall Street banks including JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley have been calling on private equity firm Ares Management to go public soon. Ares, however, does not see the need for a public offering in the near future.
US-based specialty healthcare company Endo Health Solutions Inc agreed to purchase pharmaceutical firm NuPathe Inc in a deal valued at $105 million for its new migraine medication.
Jabil Circuit, whose customers include Apple and Cisco Systems, will put up for sale its aftermarket services for $275 million. The contract electronics maker also looks to part ways with BlackBerry as its revenue declines.
Aubrey McClendon, the former Chief Executive Officer of Chesapeake Energy Corp, is seeking investors for a new venture that would invest in oil and gas.
The US Department of Energy (DOE) granted $13 million to five solar companies to help strengthen local solar manufacturing and increase competitiveness in the clean energy market.
Texas, US-based energy explorer Comstock Resourced Inc has allocated roughly $450 million as investment for its drilling and completion operations in 2014, with a further $28 million for leasing activities.
