Private Equity
Who Knew? LivingSocial customers are "richer, younger, and have received more formal education" than Groupon users. No Verdict Yet: Traders are betting that there is a 90% chance Raj Rajaratnam will be found guilty of insider trading. Mea Culpa: Amazon says its sorry for the cloud outage last week. Tripping Scurvy: How long can you survive on just beer? IPO: Renren boosts its IPO price range by 30%.
1 min read · 29 April 2011
Earnings: MSFT's profit is up but Windows sales are down. Meanwhile, RIMM sales fall. Mother Nature: Deadly storm hits the South that spawns more than 100 tornadoes and kills nearly 300. Golden Arches: McDonald's hires 62,000 in one day event. iCloud.com: What's the name of Apple's cloud-based music service? Sokol Scandal: Andrew Sorkin wants to hear Warren Buffett say "I'm Upset With Myself." Deal: Consolidated Precision Products, backed by Arlington Capital, hires bankers for a sale.
1 min read · 28 April 2011
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool. Things aren't looking too good for David Sokol, Warren Buffett's former heir apparent at Berkshire Hathaway . Yesterday, Berkshire slammed Sokol when it said he violated the company's standards of conduct and its insider trading policies when he bought Lubrizol shares and then pushed Warren Buffett to buy the company. Sokol, who was chairman of several Berkshire units, resigned after his Lubrizol trades were made known. This has been an embarrassing situation for Buffett and Berkshire. The Oracle of Omaha has always been big on ethics. He is sure to face some tough questions this Saturday when Berkshire hosts its annual shareholder meeting.
1 min read · 28 April 2011
Loading Up: Wal-Mart, which is struggling, is bringing back rifles, shotguns and ammunition to hundreds of U.S. stores. Once Again: Apple denies tracking the location of users iPhones. What is Gynecomastia? Here's 25 everyday things you never knew had names. Sweet Deal: YouTube founders Chad Hurley and Steve Chen buy Delicious from Yahoo. Miracles Do Happen: Apple's white iPhone 4 to arrive tomorrow! Exclusive: Group of Facebook shareholders looking to unload $1bln in shares on secondary market.
1 min read · 27 April 2011
Winning: Guess who bailed Lenny Dykstra out of jail? Auction: Lehman to begin sales process for Aurora Bank in June. Bad Cloud: Amazon expects lower Q2 earnings. Deals: Silver Lake Partners to buy Smart Modular for about $645 mln. Lifeline: American Apparel gets $14.9 million in financing from some Canadian investors. Really Really Bad: Sony Playstation Network outage is one of the worst security failures ever. User data was stolen, Venture Beat says.
1 min read · 26 April 2011
Changes: Reader's Digest CEO, Mary Berner, quits and the board has named a successor. Seriously? Steve Jobs denies that Apple's iPhones and iPads track users. Keeping it Clean: How to get ahead at Goldman Sachs. Pipe Dreams: Medical marijuana companies are courting private investors and even planning IPOs. Deal: Yahoo buys IntoNow while SurveyMonkey gets Wufoo. Also, TPG confirms interest in Jimmy Choo. Discrimination: Harvard Law School under investigation for holding too high of a standard for women to prove sexual assault and harassment.
1 min read · 25 April 2011
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool. The white iPhone 4 seems like the unicorn of Apple's trove of gadgets. We hear about it, we think we've seen one (Steve Jobs apparently appeared on stage with one last summer), but the white iPhone 4 has yet to show up in stores. The latest news on the long-awaited whit iPhone 4 is that it will be released this spring. No word on exactly when that will be. It's been several months since Apple unveiled the iPhone 4 (last June to be exact). The white version apparently has been beset with manufacturing problems.
1 min read · 21 April 2011
Charge It: Are girls afraid of money? No More Crimson: The U.S. government is replacing its color-coded alerts for terrorism threats. As of April 26, a new system will provide specific info on terrorism threats. Facebook Townhall: President Obama takes credit for getting Mark Zuckerberg to wear a tie and jacket. Scandal Cooking: Olive Garden has lied. They don't really have a Culinary Institute in Tuscany.
1 min read · 20 April 2011
Deal: Twitter is in talks to buy TweetDeck for around $50 mln. But wait, wasn't TweetDeck in talks with UberMedia? Ramon Ray: How to be a successful solo entrepreneur. S&P Shifts to Negative on U.S. Credit: Apparently, deficits do matter, according to Breaking Views. Lawsuit: Apple sues Samsung claiming their smartphones copy the look and feel of iPhone smartphones and iPad tablet computers. Sharespost: Felix Salmon calls out Dennis Berman for WSJ grandma piece. The Great Whine: The Winklevoss twins are seeking a rehearing of the Ninth Circuit decision that told them to accept their $65 million Facebook settlement. Coming in Small: Zillow files with the SEC for a $51.75 mln IPO. Poor Blackberry: More government workers, that is bureaucrats and lawmakers, are demanding Apple iPhones and Google's Android operating system.
1 min read · 18 April 2011
Respecting History: China bans depicting time time travel in TV shows and films. This is not a joke. High Yield: Chrysler plans to sell $7 billion in new debt to repay some high interest loans. Biz Stone: What took so long for the press to write that Twitter is falling apart? After Zipcar: Steve Case makes back his investment (on paper) and now looks to LivingSocial. Chatroulette: Shawn Fanning and Sean Park are working on a new project again. It's a web based video chat service. Deal: T Rowe invests $190 million in Facebook. Arrested: DOJ charges Lenny Dykstra with bankruptcy fraud for allegedly selling items from his $18 mln mansion.
1 min read · 15 April 2011
