Monthly Archives: August 2003
Funds big part of holdings of 6 of the 7 Fed governors
even the nation’s top central bankers seem to like them. A new report shows that mutual funds are a big part of the portfolios of six of seven governors who oversee the Federal Reserve System. Thelone exception is Fed Chairman […]
Venture investments down 17% in state
economic development, dropped at least 17 percent in the second quarter, according to Growthink Research, a leading investment research firm based in California. It reported that $49.7 million wasraised here, compared with $60 million in the first quarter. About $4.2 […]
Hedge Fund Sues Verizon over Failed Merger
Aug. 4–The general partner for Stark Investments LP has filed a lawsuit against Verizon Communications Inc. that accuses the telecommunications giant of deliberately failing to honor the provisionsof a merger agreement and fraudulently forcing out of business the company it […]
Business Happenings
Relocation SolutionOne, a Lincoln business technology dealer, has moved its offices to 7407 O St. The company was formerly located at 2535 O St. Phone numbers for the company remain unchanged. New company Four Omahans have started a new hedge […]
Daily News, New York, Peter Siris Column
Aug. 4–The war on deflation has started. The Fed and the President are committed to do what’s necessary to create jobs, stimulate demand, and get the economy moving. Their success won’t be instantaneous, but they’re determined. This means interest rates […]
During Economic Slowdown, Car-Rental Companies Regroup for Future
Aug. 4–New York hedge fund is in line to gain control of Alamo Rent A Car and National Car Rental System in a Delaware bankruptcy courtroom Wednesday, a move that would continue the trend ofcar-rental companies ending up in some […]
Venture Capital Fund in Thailand Earmarks 500 Million Baht
Aug. 4–One Asset Management, which oversees the SME Venture Capital Fund, expects to lend 500 million baht to small and medium-sized businesses this year. Lending through the fund will stop at the end of the year. Senior vice-president Karsaemsun Na […]
In These Uncertain Economic Times, Humble Business Yields Big Returns
Aug. 4–In a sign of the times, a company that thinks of mice as pests — not computer accessories — has reported raising the largest amount in private equity investments in the Philadelphia area inrecent months. GCA Services Group Inc., […]
Minority Businesses Get Help in Finding Venture Capital
Aug. 4–Last year, Hallandale Beach-based Comerxia was just another minority start-up in South Florida, struggling to advance on limited funds. After making a presentation at the Minority Business Development Agency’s Equity Capital Access Program, known as MECA, Comerxia gained attention […]
Govt VIF hailed a success
NEW Zealand Venture Investment Fund, set up by the Government a year ago to pump $100 million into the venture capital market, is being hailed a success, even though less than 5 per cent of the moneyhas so far found […]
Recapturing Returns of Past Presents Tough Challenge for Venture-Capital Funds
Aug. 4–Venture capital funds are still reeling from the bursting of the tech bubble nearly three years ago. Funds raised in the past five years are awash in red ink, and venture capitalists are going to have to hustle to […]
Thirteen Fairfax County Companies Lure $54M in Venture Capital Investment in Q2; County Total Tops Maryland and is 72 Percent of Virginia Investment, FCEDA Says
FAIRFAX COUNTY, Va.–(BUSINESS WIRE)–Aug. 4, 2003–Thirteen Fairfax County-based technology companies received $53.9 million in venture capital investments in the second quarter of 2003, accordingto figures compiled by the Fairfax County Economic Development Authority (FCEDA) and based on the PricewaterhouseCoopers/Venture Economics/National […]
