THE US Federal Reserve held back from cutting interest rates by a half-point in June for fears of signalling to Wall Street it had come to the end of its campaign to stimulate an economic recovery,it emerged yesterday. The central […]

Aug. 15–State Treasurer Timothy Cahill yesterday ousted James Hearty, the executive director of the state agency that runs the $28 billion employee pension fund, replacing him with a corporatefinance executive with a decade of economic development and investing experience in […]

FREMONT, Calif.–(BUSINESS WIRE)–Aug. 15, 2003–Centillium Communications, Inc. (Nasdaq:CTLM), innovator of broadband communications technology, today announced the addition of venture capital andnetworking industry veteran Hassan Parsa as Vice President of Business Development. Reporting directly to Centillium’s Chief Executive Officer and Co-founder, […]

WHEN BILL FRITSCH started his own advertising firm in September 2001, he didn’t even consider talking to venture capitalists. Instead, the refugee of the dot-com bust – who has spent the past twodecades in advertising – created a list of […]

PEMBROKE, Bermuda–(BUSINESS WIRE)–Aug. 15, 2003–In connection with the filing of its Form 10-Q for the quarter ended June 30, 2003, RenaissanceRe Holdings Ltd. (NYSE:RNR) noted that the Companyhas reflected its equity appreciation related to its investments in hedge funds and […]

What is going on at Standard Chartered? Since last week’s disappointing interim results, the share price of the emerging markets banking group has risen from 774.5p to 860p last night, a gain of 11%. Aside from the fact that hedge […]

Aug. 15–Long before venture capitalist Diosdado Banatao drove his Porsche convertible along Sand Hill Road and piloted his own jets to vacation homes, he walked dirt roads to school in thongslippers and hand-me-down clothes. Known as “Dado,” the 57-year-old Banatao […]

TEL AVIV, Israel–(BUSINESS WIRE)–Aug. 14, 2003–QuantomiX Ltd, an Israeli life science company which develops and markets capsules that enable on-line accurate analysis of wet cells and tissuebiopsies in an electron microscope, has raised $3.5 million in a second financing round. […]

Secretary of State William Galvin kept up his assault on the securities industry yesterday by filing civil complaints against the top managers of three hedge funds he said were preying onunsophisticated investors. The complaints – lodged against managers at Hercules […]

Aug. 14–SCHWARZENEGGER SEEKS SUPPORT FROM VENTURE CAPITALISTS: Millionaire Arnold Schwarzenegger hasn’t made much money from his investments with local venture capital firms so far — in fact, somehave been duds. Still, he’s been cautiously courting the area’s VC community, and […]

TUSTIN, Calif.–(BUSINESS WIRE)–Aug. 14, 2003–A panel of chief executive officers from three early-stage life science companies and the general partner of a venture capital firm will provide anin-depth discussion regarding the various mechanisms for funding and the requirements for successfully […]

MENLO PARK, Calif.–(BUSINESS WIRE)–Aug. 14, 2003–Mayfield, a premier venture capital partnership investing in technology companies for the communications and enterprise software industries, todayappointed Peter Levine a General Partner in the firm. Levine has nearly two decades of operational expertise in […]