VENTURE CAPITAL POST

The United States court finally comes out with the verdict regarding Exxon Mobil Corp oil spill in 2013. The fine was issued by the U.S. pipeline safety office ordering the oil giant to pay a total of $2.63 million for spilling the crude oil in Arkansas residential Area.

Fayetteville, Arkansas-based crowdfunding and business planning platform EquityNet LLC raised $2.1 million in a new fundnig round led by Proton Enterprises for the expansion of its equity crowdfunding platform.

Kansas, US-based broadband infrastructure investor Rural Broadband Investments LLC snapped up the cable system catering to Poplar Bluff, Missouri, for an undisclosed amount to provide people with better cable and internet services.

Arkansas, US-based retail giant Walmart is planning to establish an e-commerce marketplace in India in a bid to compete with online retail giants for a share in India's e-commerce industry.

Minnesota, US-based CHS Inc agricultural and energy firm CHS Inc picked up the fertilizer business of Lake Providence, Louisiana-based river transportation service provider Terral RiverService for an undisclosed sum.

Louisiana-based big utility Entergy Corp ended its plans to transfer its high-voltage power lines to independent electricity transmission firm ITC Holdings Corp after Mississippi regulators rejected the deal.

Arkansas is the first of many states in the US that would receive funds for Medicaid expansion under Obamacare.