Encore Capital Trust (ECT), a newly-launched Romanian real estate investment company, has drawn RON 17.7 million (EUR 3.6 mln) from several strategic investors in its first round of financing. Thus, the company’s capital reached RON 18.2 million (about EUR 3.7 mln). The list of investors who participated in the first […]
US Steel to make $150M investment in Iron Range operations | Business
U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite plants, […]
Owner of Technology Companies Arrested for Alleged $45 Million Investment Fraud Scheme Involving Over 10,000 Victims | OPA
A Nevada man was arrested today in Los Angeles for an alleged investment fraud scheme that defrauded more than 10,000 victims of over $45 million. A federal grand jury in the District of Nebraska previously returned an indictment on June 14 charging the man, which was unsealed today in Omaha. […]
Philadelphia investment firm Swarthmore Group, managing $1.5 billion, is shutting down
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Swarthmore Group, the Philadelphia stock-and-bond investment firm started by lawyer-turned-prominent finance professional James Nevels in 1991, will go out of business on Thursday, according to employees and industry sources. “Very frustrating. (We were) only given two weeks’ notice,” said one of a group of staffers who spoke on the condition […]
Chilean embassy highlights Chile’s business, investment environment
Chile Investment Commissioner for Asia Vicente Pinto introduces Chile‘s investment potential and business environment to CEOs and guests at Chile Day celebrated on the sidelines of the second edition of the Global Biz Forum at the Grand Hyatt Hotel in Yongsan-gu, Seoul, June 15. (Jenny Sung) Chile is a Latin […]
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DDF
CUSIP #: 245915103 PHILADELPHIA, June 24, 2022–(BUSINESS WIRE)–On June 24, 2022, Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) (the “Fund”), a closed-end fund, paid a monthly distribution on its common stock of $0.0635 per share to shareholders of record at the close of business on June 17, 2022. […]
Serial Fraudster Previously Extradited from Mexico Pleads Guilty to Multiple Investment Fraud Schemes | OPA
A California man was extradited from Mexico on March 8 and pleaded guilty today to conspiracy to commit mail fraud and wire fraud, mail fraud, and money laundering charges for two high-yield investment fraud schemes. According to court documents, Daniel Thomas Broyles Sr., aka Dan Thomas, aka Daniel Cruz Torrez, […]
Crypto Winter Hasn’t Stopped Billionaire Steven Cohen’s Firm From Investing In DeFi
Steven Cohen’s venture capital firm, Point72 Ventures, invests in its fifth crypto company. Newsday via Getty Images While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $24 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV […]
AcreTrader Adds Timberland to Growing Land Investment Platform | Business
FAYETTEVILLE, Ark.–(BUSINESS WIRE)–Jun 15, 2022– AcreTrader Inc., the land transaction and investment technology company, announced today that it will now offer investors access to invest in timberland through its platform. This offering provides individuals with the ability to invest in an asset class with historically consistent performance, while also helping […]
Internet innovation is driving investment in business, Wall Street analysts say
Are we headed for a recession? Mark Mahaney, senior managing director and head of internet research at Evercore ISI, asked attendees for a quick show of hands at Digital Commerce 360’s EnvisionB2B event in Chicago last week. The resounding majority responded yes. It’s going to be tough to see how […]