U.S. venture capitalists invested $48.39 billion last year, the biggest total since 2000, according to new data from the National Venture Capital Association, PricewaterhouseCoopers, and Thomson Reuters.
2 min read · 16 January 2015
The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started, Reuters News reported.
3 min read · 16 January 2015
Mitt Romney's declaration that he is considering a third shot at the White House after being a two-time Republican presidential loser was widely greeted with disdain at a national gathering of Republican activists on Thursday, Reuters News reported.
3 min read · 16 January 2015
Buyout group Advent is seeking an exit from German debt collection services firm GFKL and has asked Goldman Sachs to explore possible options including a sale, sources told Reuters.
1 min read · 15 January 2015
BlackRock Inc, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased, Reuters reported.
1 min read · 15 January 2015
Alfred Villalobos, the former CalPERS board member facing federal corruption charges, died on Tuesday, a California newspaper reported.
2 min read · 15 January 2015
China will set up a government venture capital fund worth 40 billion yuan ($6.5 billion) to support start-ups in emerging industries, in its latest move to support the private sector and foster innovation.
2 min read · 15 January 2015
On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out.
3 min read · 15 January 2015
Swiss mobile telecoms company Sunrise plans to raise around 1.35 billion Swiss francs ($1.3 billion) in a stock market debut, potentially Switzerland's biggest flotation since 2006, Reuters reported.
2 min read · 14 January 2015
Singapore sovereign wealth fund GIC and Australian private equity firm Ironbridge Capital are planning an initial public offering of FleetPartners Ltd in a deal that would value the car leasing company at about $615 million, a source told Reuters.
2 min read · 14 January 2015
