In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
Investors
Troubled Zogenix to raise USD56 million for drug development
San Diego-based specialty pharmaceutical company Zogenix Inc planned to raise USD56 million by selling its common stock after suffering through losses and lack of capital.
Bain Capital LLC is in discussion for the acquisition of TI Automotive
With an earlier attempt at acquisition two years ago, Bain Capital now is in advanced discussions for the purchase of TI Automotive, the maker of fuel tanks and other automotive components.
Venezuela's PDVSA to sell bonds to shore up dollar reserves
Petroleos de Venezuela SA is set on selling USD4.5 billion worth of bonds to increase scarce international reserves as well as curb the fastest rising inflation rate in the world.
6Wunderkinder closes USD19 million in Series B funding from Sequoia
Berlin-based task management company 6Wunderkinder raised USD19 million in a Series B funding round to be used for the firm's expansion in the US and business development.
Latest News
California-based bills payment and invoicing startup Bill.com picked up USD38 million in a new financing round led by Scale Venture partners and other former investors.
Cooper had sought the jurisdiction of the Delaware Supreme Court to rule on the order by Delaware Chancery Court Judge Sam Glasscock III finding no fault on Apollo for the delayed merger.
Venture capital firms FirstMark Capital and Atomico raised USD225 million and USD476.6 million respectively. Said firms have been known for investments in early stage technology companies.
San Francisco-based alternative payday loans startup LendUp raised USD14 million in its first venture round led by Google Ventures to lend money to people with poor credit.
Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.
UK-based pet retailer Pets at Home will be put up for an initial public offering by American multinational private equity firm KKR & Co LP. Said listing would be worth GBP1.5 billion.
Virginia-based tech startup FoundationDB raised USD17 million in a financing round led by Sutter Hill to be used for the expansion of its reliable database project.
SmartThings received USD12.5 million in a Series A financing round led by Greylock and Highland Capital for its hub that allows smart devices to communicate with each other.
