Private Equity
Chicago's Next Mayor: Rahm Emanuel almost certain to run. Getting Their Money Back: JP Morgan may seek to recoup the money it spent to buy WaMu. Cheaters: FBI agents and several supervisors cheated on an exam on new rules for terrorism and criminal investigation. Media Merger: The pros and cons of a AOL's buy of TechCrunch. Under Pursuit: A group of Goldman Sachs traders in the U.S. are being wooed by three different banks, including Avenue Capital Group, as GS prepares to break up the unit. New Writers: Authors feel the pinch of e-books. Another tablet: RIM tries to catch up to Apple with the Playbook. Facebook IPO: Board member says don't expect until after late 2012. Felix Salmon: More prosecution of investment banks coming? Sad Peacock: NBC Network is worth negative $600 million. Starting its Own Firm: South Carolina's pension fund is creating an independent firm to oversee the fund's PE holdings.
1 min read · 28 September 2010
LBO Loans Rise: PE firms are borrowing the most in Europe since Lehman's collapse froze the debt markets. Telling The Truth: Five myths about Facebook. An Exit: AIG and U.S. government move closer to a deal allowing Treasury to exit its investment in the insurer. More AngelGate: Chris Sacca responds to Ron Conway. Rupert's Demise: Three truths about the media's future including the end of Rupert Murdoch. Another Patent: Apple gets a patent for handheld that recognizes your hand. Disappointment: Rattner tells Reuters Insider that he's upset with Quadrangle's comments about him. Silicon Valley's Change: The Valley used to be a place run by scientists and engineers but now has become a casino, a place where smart kids arrive hoping to make an easy fortune, according to Newsweek. Different Firms: Goldman goes where Morgan no longer dares to trade. Taking Over Libraries: A PE-backed company is running libraries in California, Oregon, Tennessee and Texas. Intentional Flash Crash: Chicago firm finds strange patterns to May 6 flash crash that show one or more firms may have intentionally tried to flood exchanges with orders. Not a Recovery: The recession isn't over, the public says.
1 min read · 27 September 2010
Problems in TV Land: Apple TV splits network execs. Basketball is Good: Nike said orders in China rise 25% due to demand for basketball sportswear. LinkedIn IPO: Company acquires ChoiceVender and CEO admits he's talked to bankers about a lot of things. Banker League Tables: BofA Merrill Lynch surprises and places fifth. More Oracle M&A: Larry Ellison says that a microchip firm would be pretty tasty now. Joe Hobot: Why the FB phone might fail. Facebook Outage: How FB fixed its site yesterday (they turned it on and off). FT Alphaville: Larry Summers and who will replace him. PE Exec Goes VC: Laurence Garrett, former 3i partner, to join Highland Capital.
1 min read · 24 September 2010
Counterattack: China's Sinochem hires bankers to help it foil BHP Billiton's $39 billion bid for Potash. Yahoo devaluation: Is their core business really worth less than nothing? Adding Leverage: Microsoft raises quarterly dividend by 3 cents and may sell $6 billion of additional debt. Fighting Back: What women in finance can do to combat on-the-job discrimination. Falling riches: U.S. household net worth drops. Collusion: What happens when a blogger walks in on a group of super angel investors having dinner and finds out what they're doing. Stocks: Asia mixed while Europe retreats . Dropping Defaults: Corporate debt-default rates are expected to fall to same levels as before the September 2008 crisis. Myspace Departure: Tracy Akselrud, VP of communications at Myspace, has joined Brew Communications. Candidates: Who might take Summer's job? Who wants it? Super Veggies: Researchers develop protein packed potato in India.
1 min read · 22 September 2010
Letting Go: BofA has fired 400 employees from its global banking and markets division after a management review. Who Knew: The great recession ended in June 2009. Facebook Error: A 14-year-old girl mistakenly posts her address and phone number to publicize her birthday and gets 21,000 RSVPs. Scraping by on $450K: The whining rich, by Felix Salmon Saying No to Hicks: Blackstone backs out of refinancing the Liverpool club. A Delay: Nokia pushes back delivery of the smartphone N8. Movie Review: Gordon Gekko is worth the wait. Michigan VCs: A list of recent closings and firms raising money. Making Plans: Smart phones are changing travel habits.
1 min read · 21 September 2010
Who's hiring: Social media jobs are a bright spot for recent grads. Deal Gone Bad: Cuil fails to be acquired. Thomas Weisel: What he's going to do for Stifel Financial Corp. Another Facebook story: This time, they mull a branded smartphone. The Anatomy of a PR Spin: Or, how to lie like a pro. Appointing Warren: What does it mean, by Felix Salmon. Women on Wall Street: The ranks grow thin. Hedge Funds: The slow death of funds-of-funds. So Expensive: Cotton exceeds $1 for first time since 1995 on supply concern. Traders Ask: What bloggers should they follow?
1 min read · 20 September 2010
Banking Glitch: Chase's online banking fiasco, from Felix Salmon. Young Women and More Money: Meet the new breadwinners. HP News: Hewlett Packard nears decision on Hurd's successor. Digital Newstand: Apple is developing a digital newstand that lets them sell newspapers and mags via their devices. But will this save newspapers ? Carried interest tax changes: Is umpteeth time the charm? From Dan. Google's newest hire: Netflix vet Robert Kyncl. Wall Street hiring: A frenzy among investment banks as they prep for busy M&A year. Web Nightmares: The unwelcome return of "Best Viewed on IE," from Harry McCracken. Steve Jobs Ninja video. Yeah, you heard right. Watch here.
1 min read · 17 September 2010
* Goldman sued for alleged gender discrimination. * Potash is working on a China-led bid. * More M&A advisers head for the exit. * Robert Grady, a Carlyle ex-partner, to lead New Jersey pension plan. * Dow may jump 23% by June on economic rebound, according to Ralph Acampora. * Wall Street futures point lower while Yen inches up. * 10 things men do to ruin their careers. And, 10 things women do to mess up their careers. * Yahoo rebuffs Alibaba's attempts to buy back its shares. * Craigslist won't reopen adult services section.
1 min read · 16 September 2010
* IBM CEO blasts HP and handling of Hurd situation. * Greece may miss revenue goal. * Don Dodge: How to get a job at Google. * Theory Capital Partners fund to close after less than a year in business. * Beware of late stage startups touting IPO plans. * Yen falls (after Japan government intervention), while U.S. stock-index futures also decline. * JP Morgan to keep Highbridge just the way it is. * China's Sinochem appears unwilling to make a bid for Potash. * The best subtle things about the new Twitter. * Blagojevich asks judge to nullify his conviction on one charge. * Billy Crudup to play Tim Geithner in HBO's "Too Big To Fail" along with video.
1 min read · 15 September 2010
* Chief of Nokia's mobile solution's unit quits. * Chris Dixon: If you're not getting rejected on a daily basis, you're not ambitious enough. * European stocks gain while Asian bank stocks rise and futures point to opening rally. * Becoming a Goldman partners and then having it taken away can really suck, by NYTimes. * Google buys another one and this time it's Quicksee (also known as MentorWave Technologies). * Lehman bankers chase film dreams and ivy league investors. * AOL to launch bigger, fancier ads. * Blackrock, Fortress Investment and Centerbridge Partners are interested in buying Residential Capital, the mortgage finance arm of GMAC. * VCs steer clear of stem cells. * BAE puts part of U.S. aero unit up for sale. * Mark Zuckerberg profiled in the New Yorker. * YouTube Instant creator finds fame and possibly a job.
1 min read · 13 September 2010
