VENTURE CAPITAL POST

The death of long-time Cuban leader Fidel Castro pave the way for funds intended for Cuba's fortune.

Spark Capital, an early and growth-stage venture firm, has raised a total of$1 billion for two funds, according to a news post. The firm closed $400 million for its fifth venture fund and $600 million for its second growth fund. Investors included foundations and university endowments.

Referring to a call for modernization, the Finance Minister of Ontario revealed on Tuesday the government’s plan to overhaul some of the financial regulatory bodies in the province to create a new watchdog with its center of attention on consumers.

Last week’s headlines must be a frustration among the 11 S&P 500 sector exchange-traded funds as there are continuous downgrades here and there. Here are some of the results from this week’s scorecards to have a glimpse of what to watch out for.

DeAndre Levy expressed his thanks for the support that he received for their funding. He explained that there were comments worthy to share of. On the other hand with regards to the comment of a Republican presidential nominee, he simply said that the person has the right to express his thoughts but should be responsible for his words and actions.

Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.

CEO Robert Goldfarb is about to retire on March 31st and will be replaced by David Poppe. Sequoia shares plunged because of Valeant Pharmaceuticals Inc. stake.

Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.

Mobile startup Jana has a new influx of cash and an old industry hand as a new adviser. It recently nabbed a $57 million funding from Verizon Ventures for expansion in developing countries.

Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.

BlackBerry's cash reserves may only last until 2014.

With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.

The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.

Investments have been made for the further development of On Center Software.

A share in CT REIT is worth CAD10 each and 26.35 million trust units were sold.