Monthly Archives: August 2003
D.C. Area Venture Funding Lags Behind Nation
When InPhonic Inc., a wireless software company founded in Washington in 1999, needed to find $10 million to $15 million earlier this year, they started thinking about a loan. But then chief executive David A. Steinberg met partners from the […]
Local companies urged to make use of RM500m TIF
THE Government is calling for more local companies to come forward and take advantage of the Technology Investment Fund (TIF) to acquire equity in foreign companies or invest in start-up companies innew growth sectors. Second Finance Minister Datuk Dr Jamaludin […]
The Orlando Sentinel, Fla., Business Insider Column
Aug. 4–VENTURE CAPITAL DEALS PERCOLATE FOR 3 TECH COMPANIES: Three Orlando tech companies apparently are within 60 days of announcing venture capital deals worth $10 million to $20 million. Thecompanies — two that exist and a third in the formation […]
Fiat Loses Battle with Unions
Aug. 3–Some good news at last for Italian carmaker Fiat has brightened its immediate prospects but clouds on the horizon continue to threaten the company’s long-term future. The beginning of the week did not augur well for Italy’s largest industrial […]
The Sun, Port Charlotte, Fla., Brian Presley Column
Aug. 3–What does it mean when companies miss their numbers? If you own a diversified portfolio, you may be sitting bolt upright and saying to yourself, “What do you mean they missed their number, and what have you done to […]
‘I bought $300m shares by mistake’
A HEDGE fund manager in America shocked Wall Street by announcing that he had bought significant stakes in two healthcare companies without even noticing. Scott Sacane, who runs Durus Capital Management in Connecticut, admitted last week that he had ‘inadvertently’ […]
Bid fever piles on pressure for United bosses ; Tension grows in Old Trafford boardroom as investors’ rising stakes fuel takeover speculation
ROMAN Abramovich’s takeover and spending spree at Chelsea has sent a shiver through England’s elite football clubs. Until the billionaire Russian’s appearance, Premiership clubs believed the era of inflated transfer deals was over and they could focus on rebuilding their […]
Fund’s swoop boosts Holmes Place buyout
A LITTLE-known hedge fund manager has bought almost eight per cent of Holmes Place just over two weeks before the troubled health club chain delists from the stock market and is acquired by itsmanagement. Strangely, SISU Capital has no plans […]
Executive pay survey: Low earners Mining, catering and retail firms are at the bottom of the FTSE league
Average annual pay for workers at FTSE 100 companies ranges from pounds 8,480 to more than pounds 84,000, the Guardian’s annual survey reveals. The lower reaches of the pay league are dominated by companies from just three industries – overseas […]
Comcast raises forecasts as it slashes quarterly loss
Comcast, the largest U.S. cable operator, has posted a narrower second-quarter loss and reported solid gains in revenue and cash flow. Wall Street was generally pleased with the figures on Thursday,particularly because the company also raised its forecast for increases […]
Unsteady yield picture complicates trading
It looks like returns on asset-backed securities will fluctuate this month, as investors move in and out of various segments of the bond market. Although asset-backed spreads appear on track to remain relatively stable for the next few weeks, prices […]
Ex-Citi pro readies CDO shop
A newly formed asset-management shop wants to purchase lower- rated asset-backed securities and package them into collateralized debt obligations. The firm, StoneCastle Partners, was founded by Citigroup alumnus Joshua Siegel and two undisclosed partners. Its plan is to buy asset- […]