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(Reuters) – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter. Credit Suisse told Federal Reserve officials that there was no truth to the rumor and […]
LOS ANGELES (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) is investing $10 million to produce electricity from underground heat with a breakthrough technology, as the Web search leader extends its clout to clean up the environment. The move is part of Google's effort to pump hundreds of millions of dollars into green […]
NEW YORK (Reuters) – Goldman Sachs & Co slashed its earnings outlooks for five major rivals on Tuesday, citing mounting write-downs on mortgages, a slowdown in overall activity, and legal expenses. Analysts led by William Tanona reduced third-quarter and full-year forecasts for Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), JPMorgan Chase & Co (JPM.N: […]
Verified Identity, a New York-based operator of the “Clear” system that allows members to pass quickly through airport security, has raised $44.4 million. Spark Capital led the round, and was joined by Syncom Venture Partners and return backers Lockheed Martin, GE Security, Baker Capital, Lehman Brothers and CEO Steven Brill. peHUB had previously reported that […]
NEW YORK/CHICAGO (Reuters) – CME Group Inc's (CME.O: Quote, Profile, Research, Stock Buzz) stranglehold on the U.S. futures market grew tighter on Monday with the approval of its $7.6 billion purchase of energy and metals trading market NYMEX Holdings Inc (NMX.N: Quote, Profile, Research, Stock Buzz). The Chicago-based company will now control some 98 percent […]
(Reuters) – Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) Chief Executive Dick Fuld nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions but the pact disintegrated, the New York Post said citing sources familiar with the matter. One source told the paper that Lehman was aiming to […]
Aposense Ltd. (f.k.a. NST NeuroSurvival Technologies), an Israel-based developer of agents that target apoptosis for both molecular imaging and therapy, has raised $7.3 million in the second tranche of a $13.3 million round. Backers include Zeigler Meditech Equity Partners LP, Pontifax LP, Docor International, Federman Holdings, Technorov, Bargal R&D Investment, Phoenix Insurance Co., Polar Investments […]
SailPoint Technologies Inc., an Austin, Texas
DeviceVM, a San Jose, Calif.-based developer of rapid-start computing technologies, has raised $15 million in Series C funding. New Enterprise Associates led the round, and was joined by return backers Storm Ventures, DFJ Dragon, Tim Draper and Larry Augustin. The company has now raised over $35 million in total VC funding.    PRESS RELEASE DeviceVM, […]
Trilliant Inc., a Redwood City, Calif.-based smart grid startup, has raised $40 million from MissionPoint Capital Partners and Zouk Ventures.  PRESS RELEASE Trilliant Incorporated, a leader in delivering intelligent network solutions that form the nervous system of the Smart Grid, today announced that it has closed a $40 million equity investment from an affiliate of […]
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