Private Equity
* BP delays quarterly report. * Who's next for Oracle to buy? * Jimmy Choo's owners pick Goldman Sachs and Morgan Stanely to look at options. * Nokia hires Microsoft's Elop to help it reverse losses to Apple. * Apple loosens restrictions so Adobe resurrects Flash-to-iPhone app tool. * Judge reinstates eBay stake in Craigslist, but allows them to keep eBay off its board. * A new line of stuffed animals with mental illnesses. * Yuan completes biggest weekly gain, while European shares are off four-month highs. * CalPERS after the scandal embraces risk. * Foster's wine may attract more buyout interest. * Why pick a job in PE over VC? * Facebook users are insecure, narcissistic and have low self esteem. Really I'm not. I'm totally not. Do you really think I am?
1 min read · 10 September 2010
* High-testosterone males behave more aggressively in M&A and lead to an increase in hostile takeover attempts. * Jeff Peek, ex-CIT Chief, has a new gig at Barclays. * Goldman Sachs agrees to pay a fine of £17.5 million ($27.1 million) for failing to make disclosures about trader Fabrice Tourre. * Rebecca Davis O'Brien on her college classmate Mark Zuckerberg. * What happens to President Obama if Rahm Emanuel decides to run for Mayor of Chicago? * Cerberus was the PE shop that made a $2.5 billion bid for Foster's. * Court rules that attorneys can Google potential jurors during jury selection. * Arthur Sulzberger Jr concedes that New York Times will stop being printed sometime in the future.
1 min read · 09 September 2010
* Meredith Whitney predicts more Wall Street layoffs. * European shares rebound, while stocks and U.S. index futures rise. * Oracle to pay Mark Hurd $950,000 a year with a $5 million target bonus for 2011. * Profiler of Sarah Palin admits error in Vanity Fair article. * The former co-head of Lehman Brother's real estate investment arm, Raymond Mikulich, is joining Apollo Global Management. * Amazon buys Amie Street but not in a good way. * Justin Bieber has dedicated servers at Twitter. Seriously. * Two-thirds of web surfers fall prey to online crime.
1 min read · 08 September 2010
* Is your boss a "bosshole"? * Mark Suster on the role of a CEO and chief psychologist. * IPOs still coming despite rough receptions. * More U.S. stocks are paying dividends that beat bond yields while Euro falls on bank concerns. * U.S. unemployment may hit 10%. * A Jimmy Choo IPO? * Mark Hurd finds a job at Oracle. * Yahoo is apparently moving large numbers of engineering jobs within the YOS group to Bangalore. * Justice Department is trying to decide whether Google's buy of ITA Software gives it too much sway in travel industry. * Venture capitalists tire of Twitter-y startups.
1 min read · 07 September 2010
* BP says spill has cost them $8 billion. * Japan bonds fall, while Asian and European stocks rose as a surprisingly positive increase in pending U.S. home sale. * God didn't create the Universe, says theoretical physicist Stephen Hawking. * Burkle appeals Barnes & Noble poison pill ruling. * Steve Rattner's new tell-all book says President Obama didn't think much of Detroit before bailing out GM and Chrysler. * Och-Ziff assets rise by $200 million. * Media picture lacks clarity on Candover, according to unquote.com * Because it's Friday and we're heading into a holiday weekend, here's Carrie the dancing Merengue Dog. Baila!
1 min read · 03 September 2010
* Xobni study finds that there are no days off in the internet world. * BHP investors set $155 as top price for Potash. * Samsung unveils iPad rival. * Henry McCracken on the Galaxy tablet. * SEC is probing "quote stuffing." * Barclays vice chairman of its wealth management unit warns about the demands of high net worth individuals. * William Gibson, SciFi author, writes NY Times op-ed about Google. * Great Atlantic & Pacific Tea Co, which operates the struggling A&P supermarket chain, is mulling the sale of its Food Emporium stores. * Ryan Faas on Apple TV, Ping and iTunes. What does it mean? * GM plans to start the roadshow for its IPO after the Nov. 2 midterm elections. * Unsafe myths about hurricanes, lightning and tornadoes.
1 min read · 02 September 2010
* Burger King talks to PE firms again. * Why women don't work on Wall Street. * Futures rally on China data while European manufacturing growth slows. * Towerbrook looks at options for its stake in Jimmy Choo shoes. * Back to school shopping is a bust. * Facebook CEO wants to keep private life out of lawsuit. * Sweden resumes rape investigation against WikiLeaks founder. * Apple is expected to launch new Netflix service on TV product. * BHP plays it cool on $39 billion Potash bid. * JP Morgan ends proprietary trading to meet Volcker rule.
1 min read · 01 September 2010
* Hurricane Earl is heading toward North Carolina. * Airplanes, movie theaters and convenience store plan to post calorie counts. * Euro-Zone Unemployment remains steady, India's economy expands 8.8%, China Yuan posts biggest monthly loss after U.S. stocks fell. * Encap raising $3.5 billion fund. * Anglo Irish Bancorp. may need no more than 25 billion euros ($32 billion) in capital. * Henry McCracken on Roku's preemptive price cuts. * Harry Potter author donates millions for MS research. * Candover Investments says it will "wind itself up" (sell its portfolio of companies). * Major hedge funds cut back on equity risks. * Chartbeat raises $3 million in funding. * A Facebook scam promises to give you a free iPad or iPhone 4. * PE shops unlikely to lead M&A.
1 min read · 31 August 2010
*The 20 weirdest posts on Craigslist are just as strange as you'd expect. * Intel agrees to buy Infineon's mobile chip business for $1.4 billion. * European stocks gain, the Yen rallies, after policy makers stopped short of direct steps to weaken the currency *Rob Morris's take on PE shop's registering with the SEC and whether Elin Nordegren, (Mrs. Tiger Woods) is subject to the new rules. * Why are there so few women in emerging technology? The WSJ and TechCrunch provide alternate POVs. * More on a possible Freescale IPO. * YouTube is in talks to offer pay-per-view videos by the end of the year, according to the FT. * Is Skype up for sale again? * What the Dell/HP 3Par buyout really means.
1 min read · 30 August 2010
* 3Par accepts sweetened Dell offer. * Carl Icahn has increased his stake in Motorola to 10.4%. * U.S. futures gain, Yen falls on speculation Federal Reserve Chairman Ben S. Bernanke will signal measures to stimulate the economy. *Phil Falcone's riskiest trade? *UAW picks BlackRock, State Street to manage $6 billion. *The next three possible moves for the fed. *YouTube debuts new movie section with free movies. *The "Social Network" gets Oscar buzz.
1 min read · 27 August 2010
