DAYTON, Ohio - (02/28/05) -- NCR said Friday it has agreed to buythe remaining ATM business of financially troubled TidelTechnologies Inc., which makes mostly storefront machines. Thepurchase price was $10.2 million. Tidel also announced that it hasretained Stifel, Nicolaus & Co. to sell its remainingtimed-access cash controller business, as required by Tidel'sNovember 2004 financing agreement with its lender. The company ahsreported diminishing finances since the 2001 liquidation of itsmain customer, Credit Card Center, which ate one time operated thebiggest ATM fleet in the country with Tidel machines. Tidel shareswere trading for just 39 cents on the Pink Sheets onFriday.
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Taktile's backers now include Goldman, Tiger Global and Index Ventures, lifting its total raised to $184 million since 2020.
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The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
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The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House's motion to remove her immediately.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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