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Activist investor Clinton Group eyes takeover of teen apparel retailer Wet Seal

Hedge fund Clinton Group in a regulatory filing on Wednesday said that it is exploring an acquisition of California-based teen apparel retailer Wet Seal. The activist investor seeks to buy out Wet Seal's equity in a privatization deal.

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Brooklyn laundry startup FlyCleaners raises $2 million in seed fund

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.

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US analytics firm Trinity Pharma bags $15M to make cloud-based data for life sciences

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.

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TV startup Viggle picks up Seattle's Wetpaint for $30M

New York-based startup Viggle announced its purchase of entertainment news website and social platform Wetpaint for $30 million in a bid to bulk up its social TV business.

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Honeywell's board authorizes $5 billion share buyback program

Honeywell International Inc.'s board of directors has approved the buyback of as much as $5 billion in stock. The American conglomerate has 784.7 million shares outstanding and a market value of $67.7 billion.

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Leonardo DiCaprio invests in Monaco's Formula E team

Hollywood actor Leonardo DiCaprio has invested an undisclosed amount in Monaco-based electric car startup Venturi Automobiles and co-founded a new electric racing team which will compete in the Formula E series next September.

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New York's Rohatyn Group completes acquisition of Citi Venture Capital International

New York-based asset management firm The Rohatyn Group announced that it has completed the acquisition of private equity investment firm Citi Venture Capital International (CVCI).

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US web app Swarm Mobile bags USD3.5 million to track shoppers in brick and mortar stores

San Francisco-based web app Swarm Mobile raised around USD3.5 million to develop technology that can track in-store shoppers through their smartphones to help physical stores compete with e-commerce retailers.

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Beleaguered OGX seeks USD150 million in fresh capital from bondholders

Brazilian oil company OGX is reportedly in talks with bondholders about a USD150 million capital infusion in the struggling firm. OGX previously reported a loss of BRL2.1 billion and filed for bankruptcy with USD4 billion in debt.

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CharityBuzz raises USD100 million for good causes

New York-based online auction site CharityBuzz has raised USD100 million in funding for good causes such as UNICEF, Breast Cancer Research Foundation, St. Jude's Children's Research Hospital, by auctioning off time and possessions of famous people.

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New York bets USD225 million on green energy

The New York governor announced that the state is investing USD225 million in clean tech startups Soraa and Silevo to build two research and development facilities in Buffalo.

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Sycamore negotiating Jones Group buyout for USD1.3 billion

New York's Sycamore Partners LLC is nearing a deal to acquire apparel retailer Jones Group Inc. The private equity firm is reportedly offering a price of USD16 per share, totaling the size of the deal to USD1.3 billion.

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Boston's new venture fund G20 Ventures to raise USD75 million

G20 Ventures sought to raise USD75 million for its first venture capital fund. A November 20 filing confirmed reports that Advance Technology Ventures's Bob Hower and Bill Wiberg will spin out a new venture fund under the name G20 Ventures.

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Ziff Davis acquires TechBargains.com

New York-based all-digital media firm Ziff Davis, the publishing arm of Hollywood-based internet services company J2 Global Inc, bought consumer electronics deal aggregating site TechBargains.com for an undisclosed amount.

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Fans go nuts over Sony's PlayStation 4 launch

Hundreds of PlayStation fans braved the chilly weather in New York to line up and wait for Sony's midnight launch of the long-awaited PlayStation 4 game console.

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