Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.
Sectors
Argentina's Idea.me allows South America to crowdfund with bitcoins
Idea.me, a crowdfunding platform founded in Argentina, now allows people in seven Latin American countries to fund projects and startups using bitcoin in lieu of credit cards and PayPal.
JPMorgan strikes back, sues FDIC
JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washington Mutual.
IMS Health to go public in 2014
TPG Capital, Canada Pension Plan Investment Board (CPPIB) and Leonard Green & Partners have hired JPMorgan Chase & Co. to lead the initial public offering of the healthcare information company.
Power cables' price rigging probe a test of EU regulators' ability to punish private equity
The probe of the European Union involving an underwater power cable cartel is a test of the regulators' ability to penalize private equity investors and their parent firms, Bloomberg reported.
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The National Audit Office, a government-spending watchdog, said taxpayers lost money in the government's share sale of Lloyds Banking Group and not a profit, Bloomberg reported.
Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.
Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.
The Financial Times reported two banks divested trade finance assets amounting to $1 billion in a securitization that would get these assets to institutional investors from bank balance sheets.
New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.
Massachussetts, US-based mobile data analytics firm Trinity Pharma Solutions announced raising $15 million in a growth round led by Health Enterprise Partners for its expansion in New Jersey and California.
An infographic shows that investors have invested $3.6 billion in 2013 in companies focused on big data, comprising close to three quarters of the money poured into these firms from 2008 to 2012.
German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.
As talk about the US Federal Reserve tapering grows, a Financial Times report said markets are now more prepared should a reduction in asset purchases actually become a reality.
