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Hedgie Warns "Big Shake-Out Looms" After Banking $480 Million On Biotech Buyout

Steve Elms of Aisling Capital made a huge score on one of the biggest deals of his career: Eli Lilly's purchase of Loxo Oncology, Inc.  Elms is chairman of the board of L.....»»

Category: blogSource: zerohedgeJan 12th, 2019

This cancer-fighting biotech sped from startup to IPO filing in 10 months

The team that took Kite Pharma from a startup re-engineering a patient's own cells to fight cancer to a $12 billion buyout now is seeking a $100 million initial public offering for the South San Francisco company it launched only 10 months ago. Arie B.....»»

Category: topSource: bizjournalsSep 17th, 2018

Key Words: Nobel-winning economist Krugman warns that a U.S. recession looms in 2019

Nobel laureate Paul Krugman says he sees a good chance of a recession hitting the U.S. within a year......»»

Category: topSource: marketwatchFeb 11th, 2019

This Open Banking Startup Just Raised $20 Million from Group Including Goldman Sachs and HSBC

London-based fintech Bud just completed its series A funding round The open banking fintech startup Bud just completed its series A funding round, securing $20 million from a group that includes Goldman Sachs and HSBC, plus banks.....»»

Category: europeSource: fortuneFeb 4th, 2019

Biotech Cibus to offer 6.7 million shares in IPO, priced at $14 to $16 each

Biotech Cibus set terms for its plann.....»»

Category: topSource: marketwatchFeb 4th, 2019

Australia vows to clean up financial sector after landmark misconduct inquiry

Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended by a high-powered independent inquiry into financial sector greed and malpractice......»»

Category: topSource: reutersFeb 4th, 2019

Australia to overhaul regulators after landmark banking inquiry

Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector designed to combat the excessive greed and unethical practices that have engulfed some of the country's biggest financial institutions......»»

Category: topSource: reutersFeb 4th, 2019

Gilead, Gates Foundation join Watertown biotech"s $55M financing round

A Watertown biotech working to extend daily pills into once-a-week or even monthly treatments closed a $55 million financing round this week, luring one of its initial collaborators to invest in the company. Lyndra Therapeutics announced Tuesday .....»»

Category: topSource: bizjournalsJan 29th, 2019

SA-based oil producer warns investors of cuts, considers sell off

San Antonio-based Abraxas Petroleum told investors Monday that it is cutting its spending by $13 million in 2019 and that it is considering selling off its Bakken Shale assets......»»

Category: topSource: bizjournalsJan 28th, 2019

Exec confirms layoffs with latest iContact acquisition

Seven years after its $169 million buyout, former Morrisville startup darling iContact has again been sold – a move followed by more layoffs in the Triangle. Few details were available on the impact of sale in which iContact's parent, Chicago-b.....»»

Category: topSource: bizjournalsJan 25th, 2019

Celgene Buys More of This Biotech Stock

Celgene paid $30.4 million for more Acceleron stock in an offering last week......»»

Category: topSource: barronsJan 25th, 2019

City to lose $500 million a month from government shutdown, de Blasio warns

While Washington is shut down, New York City will get cut down, Mayor Bill de Blasio warned Thursday.The mayor sounded dire as he announced that if the 27-day federal shutdown carries into March it... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 21st, 2019

Proof-of-Stake Could Lead to Crypto Banking. Let’s Avoid That

"Staking as a service" is taking off. We need to think hard about what this means for crypto's evolution, warns Michael J. Casey......»»

Category: forexSource: coindeskJan 21st, 2019

Ford warns of an uncertain year ahead

Ford forecast a weaker-than-expected fourth quarter profit Wednesday and said tariffs could erode 2019 earnings by about $700 million, sending its shares down 2 percent in early trading......»»

Category: topSource: moneycentralJan 16th, 2019

Fintech firms want to shake up banking, and that worries the Fed

The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold......»»

Category: topSource: reutersJan 14th, 2019

Citigroup Earnings: CFO Gerspach Warns On Investment Banking And Trading

Citigroup Earnings: CFO Gerspach Warns On Investment Banking And Trading.....»»

Category: topSource: seekingalphaJan 13th, 2019

Israel drone maker Aeronautics gets $232 million buyout offer

Israel's state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics for 850 million shekels ($232 million)......»»

Category: topSource: reutersJan 13th, 2019

Israel UAV maker Aeronautics gets 850 million shekel buyout offer

Israeli unmanned aerial vehicle maker Aeronautics said on Sunday it received an offer to be acquired by state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero for 850 million shekels ($232 million)......»»

Category: topSource: reutersJan 13th, 2019

What JPMorgan Chase"s retail expansion may mean for Pittsburgh

One of the nation's biggest banks stands to shake up the region's banking landscape......»»

Category: topSource: bizjournalsJan 11th, 2019

Bitcoin Exchanges and Wallet Services Should Get Pan-EU Rules, Says European Banking Authority

The European Banking Authority warns regulations around cryptocurrency exchanges and wallet services are inconsistent across the EU. Europe’s .....»»

Category: europeSource: fortuneJan 9th, 2019

Tribe buys land once marketed as billion-dollar bioscience park for $15M

A parcel of southeastern Minnesota land once touted as the home of a $1 billion biotech industry park has been sold to the Prairie Island Indian Community for $15.5 million. The Star Tribune reports on the deal, for more than 1,000 acres of land near.....»»

Category: topSource: bizjournalsJan 7th, 2019