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Street Sweep, Fortune

Ex-RadiumOne CEO is... right?

G Chahal deserved to be fired. But that doesn't mean he wasn't also betrayed. FORTUNE -- It has been one month after Gurbaksh "G" Chahal was booted as CEO of ad-tech company RadiumOne, after having pled guilty to a pair of misdemeanor battery charges stemming from an August 2013 fight with his then-girlfriend. Now he's promising legal payback against RadiumOne, arguing that the board supported his decision to plea until ...
Full article at: Street Sweep, Fortune May 30 2014, 3:10pm CDT

Valeant raises bid for Allergan once again

Value of cash component increased by more than 23% as latest bid values Botox-maker around $53 billion. FORTUNE -- Valeant Pharmaceuticals has raised the cash portion of its takeover offer for Botox-maker Allergan for the second time this week in the hopes of kicking off negotiations between the two companies. Valeant and Allergan's largest shareholder, Pershing Square Capital, said in a join ...
Full article at: Street Sweep, Fortune May 30 2014, 2:24pm CDT

Four ways to get employees to save for retirement

Automatically enrolling workers into a savings plan and reminding them how much they can lose may just do the trick. By Jean Chatzky FORTUNE — Last year, The New York Times ran a story about how teenagers were showing a surprising new reluctance to drive. That set us talking in my house. Both my husband and I recalled showing up at the DMV the day we became eligible for our ...
Full article at: Street Sweep, Fortune May 30 2014, 1:20pm CDT

Yup, Box delayed its IPO

Box is now looking like a mid-summer IPO candidate. FORTUNE -- The Wall Street Journal reported late last month that Box "may delay its IPO until June or later." Now it's official. And most likely "later." The Silicon Valley-based cloud storage company filed its original IPO registration on March 24, but has yet to submit any amended documents that include such information as number of shares to be offered or expected pricing t ...
Full article at: Street Sweep, Fortune May 30 2014, 1:07pm CDT

Court denies former Goldman director Gupta's bid to delay prison term

Gupta ordered to surrender to authorities and begin his two-year prison term on June 17. FORTUNE -- Despite his best attempts to put off going to prison for as long as possible, former Goldman Sachs director and board member Rajat Gupta found out today he has less than three weeks left as a free man. Gupta, who lost an appeal of his 2012 conviction on insider trading charge ...
Full article at: Street Sweep, Fortune May 30 2014, 1:06pm CDT

Deal-making hits $1.7 trillion, but the wider economy is still waiting

M&A activity is the highest since before the recession, but the benefit of the buying wave has yet to hit the economy. FORTUNE -- Mergers and acquisitions are back in a big way this year, reaching their highest level since 2007. The tally of the boom in deal-making is $1.7 trillion so far this year across more than 12,000 deals -- the highest five-month run since before th ...
Full article at: Street Sweep, Fortune May 30 2014, 10:29am CDT

Deals of the day: Hipmunk raises $20 million

To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals ARMO BioSciences Inc., a Redwood City, Calif.-based developer of immunotherapies for cancer and other diseases, has raised $30 million in Series B funding. NanoDimension led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, OrbiMed and DAG Hipmunk, a San Francisco-based travel planning and booking site, has ...
Full article at: Street Sweep, Fortune May 30 2014, 9:18am CDT

Isaacson: Steve Jobs would have done Beats deal

Steve Jobs biographer says that the Apple founder would have bought Beats. FORTUNE -- One of the rallying cries of those opposed to Apple's (AAPL) $3 billion purchase of Beats has been that "this isn't the sort of thing Steve would have done." Not true says Jobs biographer Walter Isaacson, appearing earlier this morning on CNBC. Isaacson argues that Jobs and Beats co-founder Jimmy Iovine and Job ...
Full article at: Street Sweep, Fortune May 30 2014, 6:56am CDT

U.S. prosecutors investigating 15 banks and payment processors

House Republicans criticize probe as an "abuse of power." FORTUNE -- U.S. prosecutors are investigating at least 15 banks and payment processors for facilitating illegal transactions, continuing a crack down on suspected lax customer oversight by financial institutions. The probe, called "Operation Choke Point," was revealed in documents released by the House Oversight Committee on Thursday, and furthe ...
Full article at: Street Sweep, Fortune May 29 2014, 7:24pm CDT

Giuliani to investors: Horses and unions, good; marijuana and China, bad

The former New York City mayor and presidential candidate delivered a keynote address that sounded almost like a stump speech, touching on his distaste for the Obama Administration, Bill de Blasio, and even marijuana. FORTUNE -- Addressing investors over a lunch of Reuben sandwiches, knishes, and sushi, former New York City Mayor Rudy Giuliani evoked the New York of a decade ago, reminiscing about a time when hor ...
Full article at: Street Sweep, Fortune May 29 2014, 6:37pm CDT

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