Assemblyman Jeff Gorell has proposed to put a measure before California's voters to halt bond sales to finance the state's high-speed rail system, Reuters reported.
Sectors
BofA encourage junior employees of corporate and investment bank to take weekends off
The Bank of America is discouraging its junior investment bankers from working on weekends as it seeks to promote better work-life balance for its employees, the Financial Times reported.
More early-stage venture capital firms close on capital in 2013- report
Despite a slowdown in venture capital fundraising last year, there were more venture firms that closed capital in 2013 compared to that of the previous year, according to the Wall Street Journal blog Venture Capital Dispatch citing data from DJX LP Source.
Singapore spells out tax policies on Bitcoin transactions- report
While other governments have not provided regulations about the digital currency, Singapore has issued regulations about how merchants can manage Bitcoin taxation and related transactions.
Activist investors seek overhaul of property portfolio of British grocery chain Wm Morrison- report
Activist investors like Elliott Associates are seeking for an overhaul of the property portfolio of Wm Morrison, the fourth largest supermarket chain in Britain, the Financial Times reported.
Latest News
Target Corp said the cyber breach of its payment cards during the holiday shopping season was more extensive than what it had initially believed, Reuters reported.
Pimco Total Return Fund, the biggest bond fund in the world, increased its US government-related holdings in December to 45% from 37% in November, Reuters reported.
Monster Beverage Corp, an energy drinks maker, is still an ideal target for beverage companies like Coca-Cola Co seeking to augment its sales, Bloomberg reported.
Cleveland, Ohio-based recycling company Vadxx Energy received funding from Liberation Capital, a private equity firm, for its first commercial-scale facility that can transform plastic waste to energy.
Private equity group Apax Partners is considering selling its stake in London-based foreign exchange firm Travelex in the form of a probable initial public offering (IPO), according to two sources.
Rebellion Photonics Inc, a provider of cameras with the power to detect gas leaks in oil rigs and refineries, closed its Series A round with $10.4 million.
New York-based BlackRock Inc said civil proceedings were started by Italy's securities regulator against Nigel Bolton, one of its money managers, over the trade of Saipem's shares last year, Bloomberg reported.
Investment bank Moelis & Co founded by Wall Street dealmaker Ken Moelis is planning an IPO together with Goldman Sachs Group Inc and others.
Gary Newsome, a former CEO of Health Management Associates Inc, was named a defendant of a whistleblower lawsuit alleging kickbacks at the company, Bloomberg reported.
