A former U.S. hedge fund manager has been sentenced to five years in jail, fined and ordered to forfeit millions for his role in an insider trading scheme that involved hacking into the major U.S. newswires to steal and front-run corporate news announcements. Former fund manager Vitaly Korchevsky was sentenced to 60 months in prison, fined $250,000 (all figures in U.S. dollars) and ordered to forfeit $14.4 million after he was convicted in a U.S. federal court of securities fraud, conspiracy to commit securities fraud, computer intrusion and wire fraud.
One of the largest coal-fired power plants in the West will close this year as planned after a Navajo Nation company ended its long-shot bid Friday to acquire it. The ... Click to Continue >>
Shale Markets, Llc / Murphy's Malaysia Sale To Pttep, Se Asia's Biggest Oil & Gas Deal In Five Years, Woodmac Says
By Offshore Energy Today U.S. oil company Murphy Oil's $2.1 billion sale of Malaysian business to Thai PTTEP announced on Thursday is the biggest oil and gas deal in South East Asia in five years, in what is expected to... ... Read Full Article Here For more great articles: Offshore Energy Today.
Skymind Builds High-Performance AI Stacks; Helps Companies Automate Business Processes and Employ Predictive Analytics SAN FRANCISC, March 22, 2019-- Skymind, the leading open-core data science company, has secured $11.5 million dollars in Series A financing. TransLink Capital, a Silicon Valley venture capital firm that helps entrepreneurs develop customer connections and partnerships in Asia, led the round with participation from ServiceNow, Sumitomo's Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round. To date, Skymind has raised $17.9 million in funding.
Applied LifeSciences & Systems Announces Closing of its $8 Million Series A Round of Equity Financing RALEIGH, N. Car., March 22, 2019-- Applied LifeSciences & Systems (ALSS) announced today the close of an $8 million Series A round of equity financing. The financing was co-led by Merck Animal Health, and Mountain Group Partners (MGP). Oval Park Capital, a Raleigh-based early stage investment firm, also participated in the round.
Evolv Technologies Raises $10mm Series A To Scale Ascend Evolutionary Ai-powered Optimization Platform
Evolv Technologies Raises $10MM Series A to Scale Ascend Evolutionary AI-powered Optimization Platform E-commerce Veteran Michael Scharff to Helm New Company Formed to Build on Momentum of Leading AI-Powered Autonomous Experience Optimization Platform SAN FRANCISCO, March 21, 2019-- Evolv Technology Solutions (www.evolv.ai) today announced it has acquired Sentient Ascend(tm), the world's leading autonomous experience optimization solution for websites and mobile applications, the result of a spin-off from Sentient Technologies Holdings Ltd. Evolv concurrently closed a $10 million Series A financing round, led by Horizons Ventures. The company also announced the appointment of Michael Scharff as Chief Executive Officer.
Report: 'Shift' as US home sales decline, inventory grows U.S. home sales continued to fall in February, dropping 4.2 percent, even as inventory grew by 5.8 percent, according to a new report from Re/Max. The decrease in home sales marked the seventh consecutive month of declines year-over-year, although the increase in inventory was the fifth month in a row of growth, the report said. Trends that last five months or more "often indicate significant shifts," said ... [more]
The property management platform Guesty has raised $35 million in its latest funding round. The Series C round brings the total funding for the firm to $60 million. The company's software is aimed at helping property managers who operate short-term rentals and vacation rentals run their listings more effectively. The firm says it can streamline different listings channels, create personal websites and handle guest questions and comments. Viola Growth investment fund led the round, with ... [more]
Australia-based superannuation fund Hostplus appointed Flexstone Partners to run a U.S. private equity emerging managers program. Flexstone Partners is owned by Natixis Investment Managers. The emerging managers program will see Flexstone Partners invest over the next three years in the first, second or third funds of U.S. middle-market private equity managers on behalf of the [...]
We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week! This week one of... The post Funding Galore: Indian Startup Funding Of The Week [18-23 Mar] appeared first on Inc42 Media.