Private Equity
Apocalypse, Now: The Dow dives 600 points while the S&P 500 drops nearly 7%. Meanwhile, Felix Salmons says to "buy stocks, sell bonds." After the Downgrade: Congressional panel is probing the S&P. Deal: Capital One is in talks to buy the U.S. credit card portfolio of HSBC Holdings. Party: What was Sun Capital's Marc Leder doing in the Hamptons recently? Crash Victims: Pandora, LinkedIn, Renren all lose value as markets sink. Departure: Charlie Kindel, Microsoft's executive in charge of selling the Windows Phone 7 story to mobile developer, is leaving to do his own startup. Joe Hobot: App browsing is easier for Blackberry Beta Zone users. Lawsuit: DSK is sued by Manhattan hotel housekeeper who claims he sexually assaulted her. Arrogance: What not to include in your cover letter. Stop Posting: Facebook use may lead to psychological disorders in teens.
1 min read · 08 August 2011
GupShup: The top 20 worst names for a company. Apocalypse Not Yet: Markets ping pong and Wall Street ends worst week in more than 2 years. Diversity Debate Con't: Why should startups try to hire women? Shocking: Facebook has found "smoking gun" evidence that the contract at heart of Paul Ceglia's lawsuit against FB is false. Stuff the $$ Under the Mattress: Rumors are circulating that the S&P will downgrade the U.S. credit rating. Some think they won't. Desperation: Goldman isn't getting credit for Medco's sale to Express Scripts and now it's not the No. 1 M&A advisor. Oopsi: Google's first self-driving car just got into a rear-ender. Today is International beer day: Here's the 10 most shared beer ads. Hitting 100: Happy birthday, Lucy!
1 min read · 05 August 2011
Doomsday, again: The Dow plunged 512 points today, the worst one-day slide since 2008. Matchbox Cars: So you sold your company. What did you buy first? Signs of the Apocalypse: Bank of New York Mellon is charging some depositors to hold their cash. Apple: Steve Jobs' company is #1 in the world for smartphone shipments. Tech Tussle: MSFT fires back after a Google exec claims that Microsoft was conspiring with Apple and others to keep patents away from Google. Crying at Work: Are startups better as single-gender affairs? Not Gone Yet: Treasury Secretary Tim Geithner hasn't decided whether he will leave. Delayed: Ally Financial has put its $6 bln IPO on hold until at least September. Where are those Legg Mason sale rumors? Nelson Peltz raised his stake in Legg to 9.9%. Take that, Haters: LinkedIn's Q2 results beat the Street.
1 min read · 04 August 2011
Charge It: The slow, sure demise of paper money. Not Taken Seriously: Why there are so few women in private equity. Mark's Sister Bolts: Randi Zuckerberg is leaving Facebook to start RtoZ Media. Dunkin' Dips: Dunkin' Brands Q2 profit drops 1%. Georges van Hoegaerden: We fail because we lie. Not Public Yet: Chrysler's CEO says an IPO isn't likely in 2012. No One Notices: One unnamed state actor has been hacking the networks of 72 organizations globally for five years. Deal: Web.com is buying Network Solutions for $560.8 million. Finally: J.J. Abrams wants your ideas for how Lost should've ended. Happy Birthday: Martha Stewart is 70 today. That's a good thing.
1 min read · 03 August 2011
Coffee Equation: How to get a job at a startup, from Eric Friedman. Take that FB: Google+ draws 25mln visitors in a month. Deals: Facebook agrees to buy Push Pop Press. Also, Ning is being shopped with a $150 mln price tage. Born This Way: Lady Gaga and Kanye West are investing in Turntable.fm. Market Off for 8th Straight Day: We have a debt deal but U.S. stocks still tanked. Never Ending Airbnb Saga: EJ responds to Brian Chesky's apology. Study: Google Android has captured nearly 50% of global smartphone market. Stay or Go Surfing: If you think you're on the chopping block, should you cancel your August vacation and try to salvage the situation?
1 min read · 02 August 2011
Bankruptcy: Central Falls, Rhode Island’s poorest city, filed for Chapter 9 today. Update: The new iPhone 5 is now expected in October. Probably late October. Meet Comex: Forbes talks to Nicholas Allegra, the 19 year old hacker who keeps outsmarting Apple. Happy Anniversary! Today is MTV's 30th Birthday. Has YouTube killed the video star? Lawsuit: The DOJ sues to block Alabama's new immigration law. Debt Deal: The deadline's tomorrow and it looks like a compromise may come. But if the U.S. loses its Triple-A rating, can it ever get it back?
1 min read · 01 August 2011
Seth Levine: When seeking investors, beware of the "a**hole" VCs. Isaiah Mustafa: Old spice guy wins and beats challenger Fabio. Apple: iPhone 5 is now coming in the second week of September. Next iPhone will feature thinner, tapered design. Some Hope: Jobless claims fall to three month low, while contracts to buy existing homes rose in June. Patience & Dedication: The freeloaders guide to Facebook. Felix Salmon: The long-term implications of a U.S. downgrade. Earnings: Thomson Reuters Q2 profit jumps 93%. Debt Deal: Reid says he will try to kill House Speaker John Boehner’s debt-ceiling proposal which could lead to a compromise. And, 14 financial chiefs send letter to Obama telling him to get a deal done. So Soon: Spotify, after just entering the U.S. market, gets sued for patent infringement. Update: Cell phones now don't cause cancer.
1 min read · 28 July 2011
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool. A compromise to raise the debt ceiling is starting to look unlikely as we stare down the Aug. 2 deadline. Democrats and Republicans continue to spar like angry children. Lack of a compromise could produce dire consequences. Without a deal, the U.S. could be downgraded and a default could send the country into another recession (and possibly doom Obama's
1 min read · 28 July 2011
Getting Started: The complete entrepreneurs guide to Google+. Hone Your Analytical Abilities: How to get more women into venture capital. Match Made in Hell: The seven worst tech mergers ever, according to CIO. Deal: Blackstone is in talks to buy Emdeon for more than $3 bln. Arrested: U.K. police have arrested an 18-year-old guy who they think is a Lulz Security hacker. And, Anonymous and Lulz Security are still upset with Paypal. So where's the IPO: The SEC's review of Groupon's accounting is prolonging the company's pre-IPO review. This year's Webvan? The moment of truth for Airbnb after user's home is trashed. Next to the Elmo Dolls: Toys R Us will carry the Kindle as of July 31. Avoiding Bad Bosses: Would you work at a dream job if all your friend warned you against it?
1 min read · 27 July 2011
Get Around: Top 20 Silicon Valley startups you need to watch. Not So Happy: McDonalds is adding more fruit to its happy meals and cutting the amount of French Fries. Hasta! Rep. David Wu, of Oregon, resigns after making unwanted advances to a teenager. Who's Better: Fabio takes on the old Old Spice Guy in the "Mano a Mano en el Bano" smackdown. Earnings: Amazon surprises and its Q2 results beat expectations. How Patient Are the Apple Staff? Mark Malkoff brings a goat into the Apple store and other fun things. No Compromise: President Obama threatens to veto House Speaker John Boehner’s debt proposal. And, Americans are disgusted with politicians, again. Not For Sale: Despite the sluggish economy, UBS is NOT looking to sell its wealth management business in the Americas. Seriously: Tech news is so phenomenally boring, according to Gawker. Go Don Draper: Mad Men will be available for Netflix streaming beginning Wednesday.
1 min read · 26 July 2011
