Environment-friendly home furnishing company Bambeco Inc gathered USD 4.5 million in its first institutional fundraising round.
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Warburg Pincus dealmaker Kewsong Lee is now Carlyle's Deputy Chief Investment Officer
Carlyle Group hired weteran buyout Warburg Pincus executive Kewsong Lee to be its Deputy Chief Investment Officer.
Financial advisers make use of social media for business
Social media is utilized by financial advisers to connect with managers and prospective clients. In a report by Zurich Financial Services Australia, the number of financial advisers using social media has increased.
SAC pleads guilty – pays USD1.2 billion in penalty
SAC Capital pleaded guilty to five counts of criminal charges amounting to USD1.2 billion in penalty.
YRC Worldwide Inc asks union for new contract terms to get debt refinancing approval
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
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Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.
Canada-based private equity firm Lynx Equity bought lighting fixtures maker Valuelight Limited. Lynx Equity announced its purchase of Valuelight Limited.
In response to developments in US economy, Fed officials scaled back asset purchases. In a report by Reuters, the Federal Reserve scaled back asset purchases following the slow improvement of the US economy.
RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
Smartphone pioneer BlackBerry dropped its plans for a buyer search and fired its CEO Thornsted Heins.
A poll taken by AP-CNBC showed that almost half of active investors think that Twitter is a bad buy.
Prince William and the Duchess of Cambridge renovated their Kensington Palace apartment with modern amenities, reports said.
