Private Equity
Apple: Steve Jobs is seriously considering showing up tomorrow at the big iPad event but will all the focus be on his health? PR Angst: Negative publicity is good for unknown firms, bad for established one. Deals: Google buys analytics software developer Zynamics. And Facebook buys Beluga, the mobile group chat startup. Auto Sales: GM, Toyota and Nissan report substantial jumps in U.S. sales of cars and light trucks in February. Reality Show: Lynn Tilton, CEO of Patriarch Partners, is getting her own reality show, "The Diva of Distressed."
1 min read · 01 March 2011
What Auto Recall? Honda and Toyota stay near the top of the auto ranking from Consumer Reports. Dating: Want to find a co-founder for your startup? Try PairUpNYC. Leaving: Jeffrey Kaplan, head of global M&A at BofA Merrill Lynch, quits to join Appaloosa Management. Tablets: Apple plots move to expand iPhone's market share. And tablets are expected to expand into $35 bln market by 2012, according to JP Morgan. Off the Block: Pep Boys pulls its auction after failing to get high enough bids.
1 min read · 28 February 2011
Ruling: Starbucks wins Kraft appeal over coffee partnership. Talking to John O'Farrell: What's it like being a partner at Silicon Valley's most powerful VC firm? Parker Out: Kathleen Parker has split from "Parker Spitzer" and the show will be called "In the Arena." Felix Salmon: Silicon Valley hubris watch, Mary Meeker edition. Earnings: Groupon's revenue hits $700 mln last year from $33 mln during the year before. Lovie Gets a Contract: Smith will stay with the Chicago Bears until 2013.
1 min read · 25 February 2011
After HuffPo: AOL realigns management and ousts David Eun, AOL's media president. Deal: Disney buys Togetherville, a children's social network. Road Show: Allison Transmission has hired bankers and is planning a $1 bln IPO. Make Sure to Smile: Four body language lessons that will help you get ahead in the office. Broken: Rising oil prices cause GM's shares to fall below their $30 IPO price. Until March 9: NBC offers free Chipotle food for watching a 90 second promo on Facebook for its show, America's Next Great Restaurant.
1 min read · 24 February 2011
Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool. After staging a bit of a comeback in 2010, the IPO market has gotten off to a strong start this year. So far, there have been 24 U.S. IPOs, raising $8.1 billion, up from 13 offerings that raised $1.9 billion in the first month and half of 2010, according to Renaissance Capital. The strong results are due in part to the IPOs of Nielsen and Kinder Morgan, both of which were PE-backed deals. There are currently 34 PE-backed IPOs in the pipeline, including Toys "R" US and Freescale. HCA, which is expected to be the biggest PE-backed offering ever, is expected to launch in early March.
1 min read · 24 February 2011
Apple: Shareholders reject succession plan and Steve Jobs is a no show at annual meeting. Karma: Wall Street cash bonuses fall despite strong profits. Holy Moly: Oil hits $100 a barrel. Deals: Now the CBOE is open to a partnership while the Nasdaq mulls making a bid for NYSE. Sex Ratio: Disaffected youth cause unrest in Egypt, Tunisia and Libya but China isn't having those problems. James Altucher: 10 unusual things I didn't know about Steve Jobs (his father's name is Abdulfattah Jandali?).
1 min read · 23 February 2011
Adjusted OIBDA: Demand Media surprises and actually posts a profit (okay so its only $1 mln). Mark Suster: How many investors is too much? Coming Soon: Apple to unveil iPad 2 on March 2 in San Francisco. Live Court Coverage: YouTube is in talks to show live NBA, NHL games. Rookie Mistakes: Trader turned bank robber forgot about his DUI.
1 min read · 22 February 2011
peHUB is off Monday but back on Tuesday. Have a good weekend! Tablet Wars: Why Apple still manages to out-price its competition. No Lawyers: Why start-ups are still better at attracting rock star talent. Getting Ahead: Downward dog position is the key to getting ahead on Wall Street, from Dealbreaker. Flight Attendants, Bus Drivers: The most dangerous jobs you'd think would be safe. On Wall Street: Lehman Brothers tricked JPMorgan into holding collateral that they described as "goat poo." Going Public: HCA will likely price its IPO at $30 a share next week (and then comes the huge $2 bln payout for KKR, Bain and BofA). Dinner with Obama: A seating chart of last night's dinner, displays Silicon Valley's pecking order.
1 min read · 18 February 2011
Always Working: Woman dies in her cubicle but no one notices until the next day. It's true, really. Guess Who's Coming to Dinner: A list of the Silicon Valley execs that get to dine with President Obama tonight. And what should Obama discuss with Zuckerberg, Steve Jobs, et al. Y Combinator Founder: There is no tech bubble (because its a pyramid scheme). The Puny Human Brain: Ken Jennings talks about playing Jeopardy against Watson, the supercomputer.
1 min read · 17 February 2011
Quora: Steve Case gives an interesting take on the Internet bust of the late 1990s. Hugh Chappell: Top 10 ways to make an Angel reject your pitch (don't be unrealistic!) No Photos: The true cost of publishing on the Amazon kindle. Staying Mum: Google penalizes Forbes for selling links, again. Who Knew? There's a hedge fund called the "Misfit Barbarian Fund." Because It's Hilarious: Charlie Sheen has more advice for Lindsay Lohan. Longest Time to The Altar: Sanofi-Aventis agrees to buy Genzyme for a sweetened $20.1 billion. And challenges facing the deal.
1 min read · 16 February 2011
