SAN FRANCISCO, Nov 14- Bain Capital Ventures, the venture capital division of the eponymous Boston- based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund,...
*Boeing drops on Lion Air concerns. Investors largely took heart from signs of progress in trade talks with China, after the Trump administration's top economic adviser Larry Kudlow said Washington was talking again with Beijing on trade, calling it a "very positive" development. "The market will certainly welcome a trade deal at the end of the month and it has not...
HOUSTON, Nov 13- General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes, its latest move to simplify its businesses and reduce debt. Based on Tuesday's share price of $23.76, the sale would raise around $3.97 billion. GE, which bought Houston- based Baker Hughes in...
Democrats are promising new scrutiny of corporate America's biggest names as they expand their power on Capitol Hill.
Nov 12- Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday. In May Elliott made an unsolicited offer of $160 per share to buy Athenahealth. Once the deal is complete, Athenahealth will merge with Virence Health, the former GE Healthcare unit...
Nov 12- Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc for about $5.7 billion, the U.S. healthcare software maker said on Monday. In May Elliott made an unsolicited offer of $160 per share to buy Athenahealth. Once the deal is complete, Athenahealth will merge with Virence Health, the former GE Healthcare unit...
The acquisition values Athenahealth at $135 per share in cash.
In 2012, Quanttus set out to make a smart watch that could measure blood pressure around the clock. It failed but the dream lives on, as Quanttus alums spread out to companies like Apple, Alphabet, Amazon, Fitbit, Nike, Samsung and more.
Nov 8- The trade landscape in the U.S. House of Representatives will shift significantly next year following Democrats' seizure of control in Tuesday's elections. Pelosi also has applauded Trump's initial round of tariffs against China, citing the need to combat China's "brazenly unfair trade policies". Richard Neal of Massachusetts is expected to become...
*Appointment follows Musk fraud settlement with SEC. Nov 8- Tesla Inc has named director Robyn Denholm as board chair, fulfilling a demand by the U.S. Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker's wayward chief executive who has dragged the company through months of turbulence. She is finance chief at Australian...
WASHINGTON, Nov 8- California clean air regulators will hold talks next Tuesday with their federal counterparts and the White House over Trump administration efforts to stop Sacramento from adopting tighter vehicle emissions rules than Washington, a spokesman for the state confirmed on Thursday. California and 19 other states late last month demanded the...
*S&P extends losses, Dow goes negative after Fed decision. NEW YORK, Nov 8- The S&P 500 extended its losses slightly and the Dow turned negative on Thursday afternoon, after the U.S. December is in the plan and they don't see any reason to slow or stop the rate increases, "said Brad McMillan, Chief Investment Officer for Commonwealth Financial Network, an independent...
BOSTON, Nov 8- Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy. Global money managers generated nearly $6 billion in revenue during the first half of the year, loaning out stocks and bonds...
NEW YORK, Nov 7- Shares of cannabis companies rose on Wednesday as results from the previous day's U.S. elections pointed to more favorable political conditions for the cannabis industry. Tilray Inc shares jumped 30.6 percent. Michigan became the 10th state to approve recreational use of marijuana, while Missouri and Utah passed measures to legalize medical...
NEW YORK, Nov 7- Shares of cannabis companies rose on Wednesday as results from the previous day's U.S. elections pointed to more favorable political conditions for the cannabis industry. Tilray Inc shares jumped 30.6 percent. Michigan became the 10th state to approve recreational use of marijuana, while Missouri and Utah passed measures to legalize medical...
NEW YORK, Nov 7- Shares of cannabis companies rose on Wednesday as results from the previous day's U.S. elections pointed to more favorable political conditions for the cannabis industry. Tilray Inc shares jumped 30.6 percent. Michigan became the 10th state to approve recreational use of marijuana, while Missouri and Utah passed measures to legalize medical...
NEW YORK, Nov 7- Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar. Gridlock is fine, lets get on with things and worry about the fundamental issues like earnings, the, "said David Joy, chief market strategist at Ameriprise Financial in...
"In Congress, I will be focused on lifting up the voices of those in community."
*Democrats win control of House, Republicans keep Senate. Democrats won control of the House of Representatives on Tuesday, while Republicans tightened their grip on the Senate, pointing to a political gridlock in Washington. "A lot of what was holding the market back was fear of what might happen, and the fact that it's over now will eliminate a lot of it," said Brad...
WASHINGTON, Nov 5- U.S. Supreme Court justices, hearing a challenge to Virginia's moratorium on uranium mining, struggled on Monday over how far states can go to ban mining of the radioactive metal for public health reasons before overstepping federal law. At the center of the dispute is the largest-known U.S. uranium deposit, located beneath a privately owned...
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