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@GSElevator not a real Goldman Sachs employee

http://www.fiercefinance.com

Recall that supposed Goldman Sachs employee has been Tweeting via @GSElevator about the very funny things he hears riding the elevators at the gilded bank, recounting, for example, talk about the person who saw “LB” at the gym and pronounced him “seriously hairy.”

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7

Paddle8 Snaps up Funding

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David Frankel is leading a group of investors to back New York-based startup Paddle8, the online art market. Founder Collective is joining the round, as is Mousse Partners. Frankel will join Paddle8’s board.

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3

The future of NYSE Euronext

http://www.fiercefinance.com

At NYSE Euronext, the question is: What now?

It invested so much--some might say it bet the farm--on inking a deal with Deutsche Bourse, that it must now fight the perception that it is merely listing. To be sure, the top executives always knew the fight would be difficult, but deep down they were pretty confident they could make it work. They couldn’t. And CEO Duncan Niederauer now has plenty to prove. Most think he will pursue some sort of deal, albeit on a less grand scale.

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4

Appcelerator Acquires Cocoafish

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Appcelerator, a Mountain View, Calif.-based mobile platform company, is acquiring Cocoafish, a so-called cloud service that lets developers build top network features into mobile apps without writing any server code. Terms of the deal aren’t being disclosed.

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Created by approvalplusmortgage 1 day 22 hours ago
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7

JPMorgan: additional settlement reserves not necessary

http://www.fiercefinance.com

Banks had already reserved against losses stemming from the mortgage settlement that was hammered out with state and federal regulators. We suggested that those reserves were probably adequate. JPMorgan Chase has said that the bank will not likely have to add to reserves to cover the settlement. The bank will incur some costs to implements the remediation requirements, but the total costs are not likely to be material. Article

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4

Checkpoint Surgical Raises $3 Million

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Checkpoint Surgical, a Cleveland, Oh.-based neurostimulation company, has raised a $1.7 million Series B round of funding led by its main investor, NDI Healthcare Fund. NDI also runs the neurotechnology incubator that helped start Checkpoint.

Three-year-old Checkpoint, whose flagship product is a muscle stimulator that helps surgeons locate and evaluate nerves during surgery, has also secured a $1.065 million Innovation Ohio loan and  a $245,000 federal grant.

PRESS RELEASE:

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