I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Today we have news that Wells Fargo is cutting 2,300 jobs, Google is trying to buy the rights to the NFL Sunday Ticket Package and Canonical falls far short of its $32 mln fundraising goal for its Edge smartphone.
1 min read · 22 August 2013
Cartesian Capital Group and Digital Realty have invested $72 million in redIT's common stock. RedIT, with offices in San Diego and Mexico, provides managed IT services, connectivity and data centers in the southwestern U.S. and Mexico.
3 min read · 22 August 2013
TPG Capital may need more time to invest its last buyout fund, but the firm is expected to kick off fundraising for its next distressed pool.
2 min read · 21 August 2013
LIXIL Corp. has acquired ASD Americas Holding Corp., the parent company of American Standard Brands, in a deal valued at $542 million. Sun Capital Partners was the seller. Piscataway, N.J.-based American Standard Brands makes kitchen and bath products.
3 min read · 21 August 2013
Infinity Group said Wednesday that it has invested a combined total of $4.8 million in PV Nano Cell, LEED and a new joint venture between PVN and LEED. PVN, of Israel, is developing a nano-metric silver dispersion technology for inkjets. China-based LEED provides electronic pastes for the solar industry. The JV between PVN and LEED will focus on making and promoting the nano metallization ink to be used by inkjet printers, Infinity founder and managing partner Amir Gal-Or said.
4 min read · 21 August 2013
NGP Energy Technology Partners has made a growth capital investment in Zahroof Valves. Financial terms weren't announced. Houston-based Zahro of provides reciprocating gas compressor valves called the Zahroof Performance Valve.
3 min read · 21 August 2013
Brookfield Asset Management said that its most recent Timberlands Funds raised $1 billion. The target for Brookfield Timberlands Fund V L.P. was $750 million and investors include sovereign wealth funds, public and private pension plans and insurers. Brookfield also committed US$250 million to the Fund.
5 min read · 21 August 2013
Today, we have news that the ship date for Google Glass is 2014, why hiring the well-connected is bad and Barnes & Noble has no idea what it's doing.
1 min read · 21 August 2013
Cloud Technology Partners closed a $5 million Series B round led by Oak Investment Partners. The round included funding from a new strategic investor as well as additional funds from existing investors State Street Bank and select angels. Boston-based Cloud Technology designs and builds cloud applications and infrastructures.
2 min read · 20 August 2013
SocialChorus said Tuesday it a Series A round of $2.5 million. The company added a new investor, Windforce Ventures, and received additional funding from lead investor Kohlberg Ventures. San Francisco-based SocialChorus provides advocate marketing solutions. The company has raised $8 million in VC funding.
2 min read · 20 August 2013
