Private Equity
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool. Google's $12.5 billion deal to buy Motorola Mobile Holdings is being touted as a game-changer for the wireless industry. The deal has also started talk about which smartphone maker will be bought next. The most likely candidate? Research In Motion. The once high-flying RIM has been beset by troubles lately, including poor earnings, layoffs and its inability to make the Blackberry Playbook a healthy competitor to Apple's iPad. And this was before Google agreed to buy Motorola Mobile.
1 min read · 18 August 2011
Falling: Wall Street ends sharply lower on recession fears. The markets are falling, not panicking, says Felix Salmon. You Can't Hire a Cofounder: Max Levchin's 10 tips for entrepreneurs. Where's the Music: RIM is in talks to launch a music service on BlackBerry Messenger. Woot: Some new words, including retweet, get added to the Concise Oxford English dictionary Deals: 12 recent networking deals to keep an eye on. Bad News: Existing home sales drop. Some Good News: Ridley Scott will direct a "Blade Runner" reboot. High Value: A Rovio exec says that Angry Birds is worth several billion dollars.
1 min read · 18 August 2011
Startups: Three agreements you shouldn't be without. Going IPO: Tudou Holdings managed to go public today but the stock dropped. And, Jive Software has picked Morgan Stanley and Goldman Sachs to underwrite its IPO. Giving: Dukes libraries gets a $13.6 mln gift from Carlyle's Dave Rubenstein. Drawing the Line: Abercrombie & Fitch says it will pay Jersey Shore star Mike "The Situation" Sorrentino to NOT wear its clothes. So Long: Andy Miller, Apple's VP of mobile advertising, is leaving to join Highland Capital. On the Block: Eastman Kodak has kicked off a sale of its patents. Lazard is advising. Moving On: The leveraged finance market takes S&P downgrade in stride. Shocker: Federal judge dismisses EEOC lawsuit against Bloomberg claiming the company routinely discriminated against pregnant women and new mothers. Make That Call: Skype WiFi is now available on iPhone, iPad or iPod Touch. Dangerous: Every hour you spend in front of the TV may shorten your lifespand by 22 minutes.
1 min read · 17 August 2011
Earnings: Dell Q2's profits miss estimates. They Knew: NOTW execs knew about phone hacking at the tabloid, according to a 2007 letter. Don Draper: Which Mad Men character are you? Just Wrong: Wells Fargo will begin charging customers fees for using their debit card in certain states. Oracle Should Buy Dell: Four strategically smart tech mergers that should happen. iPhone: Preorders for next generation iPhone to start on Sept. 30. Take that S&P: Fitch affirm's triple-A status of the U.S. Joe Hobot: Don't be stupid ok? Mobilize your web site already. How Big: Calculating the size of Apple's spaceship HQ.
1 min read · 16 August 2011
So What about that Sale? Wells Fargo is hiring 25 investment bankers from Citadel, which put the IB on the block. Stocks: Merger Monday causes the Dow to soar 200 points. Apple: Official Steve Jobs bio to come out on Nov. 21. And, construction begins at Apple's store in Grand Central Station. RIP: Boyce Greer, head of Fidelity's institutional investments unit, died yesterday in a kayak accident. That's Expensive: Google will pay $2.5 bln if its walks away from its $12.5 bln buy of Motorola Mobile. Investigation: Was there insider trading on S&P's downgrade? Deal Talk: MSFT was the one of the other parties trying to buy Motorola Mobile. Felix Salmon: The decline of the so-called M&A "scoop."
1 min read · 15 August 2011
Old But Still Good: Seven surprises to expect when negotiating employment with a PE firm. Deals: Blackstone, TPG and Stifle Financial are bidding for Morgan Keegan. And, Rovio Entertainament Oy is in talks to get funding that would value Angry Birds at $1.2 bln. Divided: A U.S. appeals court rules that a key part of Obamacare is unconstitutional. Not that Bad: Taking stock of Wall Street's wild week. Apple: Don't expect Apple to host a Sept. 7 event to launch the iPhone 5. Smart Phones: 14 million Americans scanned QR or bar codes on their mobile phones in June. Gawker: The S&P downgrade was basically Michele Bachmann's fault. Just Mean: Sam Odio has hacked Jon Stark's communal Starbucks card and gotten $625 on his own Starbucks card. He says he's donating the money to charity.
1 min read · 12 August 2011
Apple: Check out this promotional video of the soon to be launched iPhone 5. Warning: this is fake but worth watching! Crime City: Google+ games has gone live. On Their Own: DLJ South America is splitting from Credit Suisse Group. Popping: The consumer internet bubble building in Silicon Valley is deflating. Caffe Pagato: This is a social sharing experiment. Jon Stark is giving out free Starbucks coffee and hopes you will donate one. Deals: Wal-Mart is looking to buy Carrefour's Brazilian unit. Also, Citadel looks to sell all or parts of its investment banking unit. Lawsuit: George Soros' girlfriend sues him claiming Soros reneged on buying her two an apartments. And, Happy (Almost) birthday, George Soros! Public Record: In the U.K., Manchester police are tweeting names, D.O.B's and addresses of looters. Conde Nast Goes Silent: Unknown person who tweeted from Conde Nast (supposedly from elevators) has stopped and we are sad.
1 min read · 11 August 2011
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1 min read · 11 August 2011
Bloodbath, Again: Dow plunges 520 points and SocGen denies "all market" rumors. Also, most Americans say U.S. is on the right track. Domestic Bliss: Should Bert and Ernie get hitched? Hindsight Means Nothing: BofA CEO Brian Moynihan says he regrets buying Countrywide in 2008. Women: How to be a tech entrepreneur without knowing how to program. Lying: Ex-students of New York Law School sue the school claiming they school inflated employment and salary stats to keep students. Closer Look: The politics of rating agencies S&P, Fitch and Moody's. Paid Vacation: Jobs that require 90% travel can hurt your health. Hallelujah: The Sandwich fairy is coming back! Free & Clear: Gizmodo will NOT be charged in an iPhone 4 prototype case. Popular: Drudge Report drives more traffic than Twitter and Facebook combined. Slate: Why are restaurant website so horribly bad?
1 min read · 10 August 2011
Staying Steading: Auto industry remains confident despite broad market turbulence. Apocalypse Avoided: Markets rebound. S&P rallies to biggest gain in more than a year. And, the Dow soars 429 points. Biggest In The World: Apple briefly passed Exxelon to become most valuable company in the world. And, why Apple might be the first $1 trillion company. Earnings: AOL's Q2 profit drops 31%. Hacked: RIM's Inside Blackberry blog is hacked after it cooperates with UK police. Congrats: DJ Patil, who just left Color, has joined Greylock Partners as data scientist in residence. Behind Bars: California is asking Facebook to shut down prisoner access to FB. Felix Salmon: What's the difference between S&P and Moody's? Yikes: Michele Bachmann's army of Facebook activists is now bigger than Palin's.
1 min read · 09 August 2011
