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Scenes of Coober Pedy

Iluka ceases production at Jacinth-Ambrosia project; to trim 33 jobs

Iluka Resources said it will cease production in zircon operation at Jacinth-Ambrosia project in South Australia following fall in zircon prices. The company's decision will positively impact the global market.

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HSBC Holdings Plc Bank Branches As Company Announces Plans To Eliminate 50,000 Jobs

HSBC to pay $470M total for federal government settlement as relief to borrowers and homeowners' foreclosure abuses

As per the federal agreement, HSBC has agreed to pay $470 million to provide relief to abused mortgage loan borrowers. The payment will be directed towards mainly Virginia, along with 48 other states. The bank, accused of malpractices like robosigning and bad loan designs, will now be monitored by an independent body to ensure it adheres to the revised banking standards and settlement terms.

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Pregnancy

Virginia board to amend rules that would close abortion clinics

A Virginia health panel remade by the Democratic governor voted on Thursday to revamp rules that threatened to shut down abortion clinics across the state

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Uber

Washington city council approves ridesharing rules

Washington's city council approved a bill on Tuesday regulating app-based ridesharing companies such as Uber and Lyft in the U.S. capital, a council spokesman said.

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StreetShares

US social lending firm StreetShares bags $1.2M in seed round to back veteran-owned businesses

Reston, Virginia-based social lending marketplace StreetShares bagged $1.2 million in its seed funding round with Accion Venture Lab as the lead investor to back veteran-owned and main street businesses after it launches this month.

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ID.me

Virginia-based digital ID network ID.me scores $10M in funding to build own marketplace

Tysons Corner, US-based secure digital ID network ID.me scored $10 million in combined venture capital and debt funding to build its own online marketplace for its users.

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Star Scientific Inc

Troubled American dietary supplements maker Star Scientific secures $9.3M from investors

Star Scientific Inc, a dietary supplements maker based in Henrico County, US, secured $9.3 million through equity and funding deals from its investors as it struggles to achieve profitability and conquer liquidity problems.

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CORT Business Services

Virginia-based furniture rental firm CORT buys AA Party Rentals

Virginia, US-based furniture rental firm CORT Business Services bought Mountlake Terrace, Washington-based events planning firm AA Party Rentals for an undisclosed amount to expand its product offering.

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Knox Payments

US startup Knox Payments raises $900K from angel investors for faster online checkouts

US-based payments startup Knox Payments raised $900,000 in funding from Virginia-based angel investors to launch a limited beta version of its service that allows merchants to accept direct payments from their clients' bank accounts.

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Alice Blue

Virginia-based Alice Blue photo studio acquires New York's Nucleus Imaging

Richmond, US-based visual creation studio Alice Blue acquired New York-based multi-faceted post-production studio Nucleus Imaging, a bigger firm, for an undisclosed amount to expand into a new market.

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Apex Clean Energy Inc

Virginia's Apex Clean Energy raises $4.4M in equity funding

Charlottesville, Virginia-based wind power developer Apex Clean Energy Inc raised around $4.4 million in the latest stage of its $25-million equity funding round which started last year.

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Huntington Ingalls Industries

Huntington Ingalls buys Colorado-based firm Stoller

Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which financial terms were undisclosed.

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Behrens Manufacturing LLC

Gladstone invests $5.5M to purchase US steel container supplier Behrens

Virginia-based business development company Gladstone Capital Corporation invested $5.5 million in debt and equity to acquire Minnesota-based steel container supplier Behrens Manufacturing LL, with the participation of co-investor Gladstone Investment Corporation.

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Hilton Worldwide Holdings Inc.

Hilton eyes USD2.4 billion in biggest hotel IPO

Hotel major Hilton Worldwide Holdings Inc. seeks to raise up to USD2.4 billion in its US listing. Hilton Worldwide will offer 112.8 million shares, giving it a market value of about USD19.2 billion.

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Williams Partners LP

FERC approves Williams Partners LP's USD300 million pipeline expansion project

Williams Partners LP has secured an approval from the Federal Energy Regulation Commission (FERC) for its USD300 million Transco pipeline expansion, which is part of Transco's USD2.2 billion expansion program.

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