Web-Based Financial Terminal YCharts Raises $3.875M Round Led By Morningstar And Reed Elsevier Ventures
YCharts, a Chicago and New York-based startup that calls itself a financial terminal for the web, today announced that it has raised $3.875 million in its third funding round. The round was led by Morningstar and Reed Elsevier Ventures, with participation from all of the company’s earlier investors, including Hyde Park Angels, I2A and Amicus. This round brings YCharts’ total funding to $8.625 million. Last year, our own Rip Empson called the service “a better Yahoo finance,” but the company’s goal is now quite a bit broader than that. YCharts says it computes more than 2,000 metrics for every listed stock in its database and also tracks over 350,000 economic indicators from around the world. The service gets these data points from public sources, as well as through deals with other firms, including data from its investor Morningstar. YCharts also offers an Excel plugin that allows users to easily pull YCharts data into spreadsheets and financial models. As the company’s CEO ...
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Venmo Touch Will Help Chicago's Braintree Bump Mobile Transactions Past $2 Billion A Year
Braintree, a payments gateway that’s backed by Accel Partners and NEA, sounds like it has effectively doubled the volume of mobile transactions it sees per year to $2 billion. It now touts 40 million credit card accounts in its vault. How does that compare to competitors? eBay, which operates Paypal, said it had 123 million registered accounts in its last earnings filing and that it expects to generate about $20 billion of mobile commerce and payments volume. So while Braintree is still smaller, it’s one of the few notable upstart companies in the space. Y Combinator’s Stripe is the other one with its formidable concentration of technical talent. Braintree made waves last year when it acquired Venmo, a New York-based mobile payments startup that made it easy and frictionless to transfer cash back and forth via texts and e-mail. The company kept Venmo’s brand name when it launched a series of products including Venmo Touch, which makes it easy for consumer to store their payments ...
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Glasgow To Be UK's First 'Smart City'
CowboyRobot writes "Once the 'Second City' of the British Empire, scrappy Glasgow — whose now-demolished Gorbals was once known for urban grimness on a par with Chicago's South Side or New York's Hell's Kitchen — has the chance for a whole new lease on life as the UK's first 'smart city.' The UK's government has just announced a $38 million (£24 million) grant to fund pilot projects in the city that show how mass deployment of sensors and real-time information can help local government run more efficiently while also boosting the quality of life for its 600,000 citizens. Glasgow won the prize in a competition among 30 British towns and cities for state help in looking at the possible contribution of smart technology."
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Getting Better Transparency From Oil Refineries
Hugh Pickens writes writes "Gregg Laskoski writes in US News and World Report that virtually all of the retail gasoline price volatility that Americans experienced this past year was connected to significant problems at refineries and it was those refineries' vulnerability that subjected US consumers to the year's highest average price ever, $3.63 per gallon. February delivered the BP refinery fire in Cherry Point, Washington that led to gasoline price spikes all along the Pacific coast, refinery problems in the Great Lakes region pushed Chicago gas prices to an all-time high of $4.56 per gallon, and over the summer, west coast refineries incurred outages, and California saw record highs in most markets, with Los Angeles gasoline's average price peaking at $4.72/gallon in October. Finally after Reuters reported that some 7,700 gallons of fuel spilled from Phillips 66's Bayway refinery in Linden, NJ, after Hurricane Sandy, New Jersey environmental protection officials said they were not made ...
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Inmate caught 2 days after escape from South Loop lockup
Joseph "Jose" Banks has been caught by authorities late Thursday evening, according to law enforcement sources. He and his cellmate, Kenneth Conley, escaped from Chicago's Metropolitan Correctional Center on Tuesday. A $50,000 reward was offered by the FBI for information leading to their capture.
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