Earnix, an Israeli provider of predictive analytics software for the financial services industry, said on Monday it raised $13.5 million from Jerusalem Venture Partners, Vintage Investment Partners and Israel Growth Partners (IGP).
1 min read · 31 January 2017
Boutique investment bank Freeman & Co named Michael Zampardi as managing director and head of capital placement, Reuters reported.
1 min read · 31 January 2017
Wealthsimple, a Canadian robo-adviser startup, announced a $20 million investment from Power Financial Corp, and formally launched in the United States on Tuesday, as it looks to compete in a crowded American market dominated by big investment firms, Reuters reported. Wealthsimple's national roll-out will make the Toronto-based firm the first foreign robo-adviser startup to enter that market. Wealthsimple said 20,000 customers in Canada have signed up since its launch a little over two years ago, investing more than $750 million in exchange traded funds. The company expects to cross the $1 billion threshold soon.
2 min read · 31 January 2017
SoftBank Group Corp (9984.T) is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter.
1 min read · 31 January 2017
U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, Reuters reported.
3 min read · 31 January 2017
CSX Corp is in early discussions with an activist investor over changes to its board and installing turnaround expert Hunter Harrison as the U.S. rail operator's CEO, sources told Reuters. CSX executives met with the activist, Paul Hilal of Mantle Ridge LP, and Harrison, the outgoing CEO of Canadian Pacific Railway Ltd, to discuss an agreement. Harrison's track record of cutting operating costs and driving up profitability at the helm of CP and at Canadian National Railway Co has helped CSX shares surge more than 30 percent since news of the Mantle Ridge plan surfaced. Mantle Ridge has raised more than US$1 billion for its CSX stake.
2 min read · 30 January 2017
Snap Inc, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange Inc's (ICE.N) New York Stock Exchange (NYSE) for its initial public offering (IPO), a source told Reuters.
2 min read · 30 January 2017
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries, Reuters reported.
3 min read · 30 January 2017
London-based private equity firm HgCapital Trust Plc has agreed to sell Zenith, a British vehicle leasing business, to peer Bridgepoint in a deal valued at 750 million pounds ($942.08 million), its manager HgCapital said on Monday.
1 min read · 30 January 2017
Most U.S. corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House, Reuters reported.
4 min read · 30 January 2017
