Business Daily News
By Business Daily | Dec 17, 2023
H.I.G. Capital has announced that its affiliates have completed the acquisition of Mainline Information Systems. The process saw H.I.G. receive advisory services from Guggenheim Securities LLC, UBS, and Latham & Watkins LLP, while Mainline Information Systems sought advice from Highlander Advisors and King & Spalding.
By Business Daily | Dec 15, 2023
Thoma Bravo has confirmed its strategic growth investment in BlueMatrix, a leading platform for investment research providers, through a definitive agreement. The finalization of this transaction hinges on regulatory approvals and standard closing conditions.
By Business Daily | Dec 14, 2023
Rostin Behnam, Chair of the Commodity Futures Trading Commission (CFTC), has expressed his belief that most digital assets should be classified as commodities rather than securities. His comments were made during an appearance on CNBC's "Squawk Box" on Dec. 12.
By Business Daily | Dec 14, 2023
Thoma Bravo has announced a leadership transition at Imprivata, with the current CEO, Gus Malezis, moving to a new role as a strategic advisor to the company. Fran Rosch has been appointed as the new CEO.
By Business Daily | Dec 12, 2023
Wells Fargo has recently announced the appointment of Darlene Goins as the head of Philanthropy and Community Impact, and president of the Wells Fargo Foundation. In her previous role, Goins served as the head of Diverse Customer Segments within Wells Fargo’s Consumer, Small & Business Banking division, where she focused on addressing the needs of diverse customers through customer feedback, analytics, and insights.
By Business Daily | Dec 8, 2023
Citi has revealed that its Treasury and Trade Solutions (TTS) division has invested in Icon Solutions, a leading fintech provider known for its expertise in payments technology and consultancy services. This investment signifies Citi's plan to further incorporate the Icon Payments Framework (IPF) into its micro-services orchestration architecture.
By Business Daily | Dec 4, 2023
Wells Fargo & Company has announced the appointment of Clay Hale as the new co-head of Equity Capital Markets (ECM) within the Banking division of its Corporate & Investment Bank. The company made this appointment following Hale's recent role as the global head of Consumer & Retail (C&R) Banking, Capital Markets, and Advisory at Citigroup.
By Business Daily | Nov 30, 2023
Salesforce, a cloud-based customer relationship management (CRM) platform offering a variety of tools and services for businesses to manage and analyze customer interactions and data, has reported $298 billion in global digital sales and $51 billion in AI-influenced purchases as of November 28th. The report highlights the significant impact of digital sales during the holiday shopping season.
By Business Daily | Nov 30, 2023
CompTIA has been inducted for its efforts for encouraging people to find their potential and building confidence to work in tech and cybersecurity. This honor is given by the National Cyber Security Hall of Fame, recognizing CompTIA's contribution to the field.
By Business Daily | Nov 30, 2023
This cooperation allows Boehringer Ingelheim to use IBM's foundation model technologies to help discover new antibodies for developing better therapeutics. The collaboration was officially announced on November 28th.
By Business Daily | Nov 30, 2023
Cisco's launch of new business performance insight allows customers to protect revenue, improve digital experiences and manage brand reputation due to business metrics for Cisco Cloud Observability. This new feature, integrated with AWS cloud services, is designed to help businesses increase efficiency in decision-making and prioritization.
By Business Daily | Nov 30, 2023
Some Illinois residents that reside or have a business in Cook County qualify for tax relief following a disaster declaration from the Federal Emergency Management Agency. This relief, initiated by a federal order, is set to provide specific assistance measures for both individual taxpayers and businesses affected by the disaster.
By Business Daily | Nov 29, 2023
CME Group has announced a milestone with open interest in its highly liquid U.S. Treasury futures reaching a new peak of 21,428,757 contracts. These U.S. Treasury futures, benefiting from margin offsets against CME Group's existing Interest Rate products, adhere to the rules of CBOT and are listed accordingly. This significant achievement marks a major development in the financial markets.
By Business Daily | Nov 29, 2023
A former U.S. Border Patrol agent has alleged that cartels use fake documentation to smuggle illegal aliens into the United States, where they then secure employment using these counterfeit IDs. This issue poses a challenge for U.S. businesses, which are unable to verify the authenticity of these documents and thus run the risk of facing legal action from the Department of Labor for employing underage workers.
By Business Daily | Nov 29, 2023
Yael previously worked as a consultant at McKinsey and Company and as Director of Expansion at Via Transportation but has been promoted to vice president of Bessemer Venture Partners. Yael's promotion came due to her significant contributions to the company and the wider tech ecosystem.
By Business Daily | Nov 29, 2023
Information Technology And Innovation Foundation, a non-profit think tank focused on promoting policies that advance innovation, technology, and economic growth said that companies such as Amazon and Walmart have created faster and faster methods of delivering products. In the wake of these developments policymakers are creating regulations that stifle innovation and limit product availability.
By Business Daily | Nov 29, 2023
Wells Fargo announced its intentions to enhance its office presence at Hudson Yards, aiming to foster a more collaborative and improved employee experience by acquiring additional space. The bank's plans will be carried out in collaboration with the developers of Hudson Yards and the Related Companies, with an expected completion within three years.
By Business Daily | Nov 28, 2023
The Urban Institute says that State government tax revenue collections experienced a nominal decline of 12.8 percent and a real decline of 15.7 percent in the second quarter of 2023 compared to the same period the previous year. This downward trend is largely attributed to economic fluctuations and policy changes triggered by the COVID-19 pandemic.
By Business Daily | Nov 28, 2023
The acquisition of VMware, Inc. by Broadcom Inc. has been finalized, marking a significant development in the technology industry. This strategic move focuses on strengthening and expanding Broadcom's services to its enterprise customers particularly in the realms of private and hybrid cloud environments.
By Business Daily | Nov 27, 2023
Morgan Stanley Investment Management (MSIM) announced the successful closing of the Morgan Stanley Next Level Fund, L.P. ("Next Level" or the "Fund") at $50 million in total capital commitments. The fund is specifically designed to invest in early-stage technology and technology-enabled companies, with a particular emphasis on those that have underrepresented members on their founding teams.