Private equity firm Leonard Green & Partners has agreed to purchase Los Angeles-based jeans retailer Lucky Brand Jeans from Fifth & Pacific Companies Inc for USD225 million.
United States
General Motors names first female CEO
General Motors Co. has named Mary Barra as new chief executive officer a day after the US government exited its final shares of GM. Barra will replace GM CEO Dan Akerson who is retiring on January 15.
PayPal invests in California gifting service Loop Commerce
California-based gifting service Loop Commerce has added a PayPal investment to its previously closed Series A round, increasing the round's total funding from USD7 million to USD12 million.
Extole secures $5M in funds for product development, adds veterans to team
Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.
San Francisco startup nWay raises 5M for ChronoBlade MMO game
San Francisco-based gaming startup nWay has raised USD5 million in a funding round led by Translink Capital to build out its ChronoBlade massively multiplayer online (MMO) game.
Latest News
Monsanto Company and Novozymes A/S formed a strategic cooperation called "The BioAg Alliance" in order to capitalize each other's capabilities in microbial technologies and commercial markets.
PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
SHIFT, an open marketing cloud provider, recently raised USD6 million in its Series B investment round. The proceeds from the funding round will go towards its international expansion plans.
Bart Chilton, member of the Commodity Futures Trading Commission, said the Volcker rule on proprietary trades will most likely take in effect before 2015, as said in a Reuters report.
Head William Dean Chapman Reston of Virginia-based firm Alexander Capital Markets was found guilty of defrauding its investors including US Representative Alan Grayson of more than USD35 million in a loan scheme, Reuters said in a report.
Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.
Major banks on Wall Street are extremely anxious about the threat of the final deliberations of the Volcker rule, of which its provisions regarding the definition and exemption of market-making is set to be deliberated soon.
NBC Universal has agreed to buy a minority stake in tech-news site AllThingdD, which is set to be renamed "Revere Digital" this month, according to a Bloomberg report.
Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.
