Category Archives: HedgeCo News
WhiteHat Security Names Jess Marzak Chief Operating Officer
SANTA CLARA, Calif.–(BUSINESS WIRE)–Aug. 5, 2003–WhiteHat Security(TM), the expert in delivering web application security software services, today announced the appointment of Jess Marzak as thecompany’s new chief operating officer. Mr. Marzak will oversee the company’s long-range planning and strategy in […]
HSBC rises 1.7% as results exceed market expectations ; FTSE 250: 5,342 (-3.1); FTSE SmallCap: 2,279.80 (+7.0)
Stocks surrendered strong early gains to close virtually flat yesterday as Wall Street opened lower and technical analysts fretted over the US rally running out of steam. The FTSE 100 ended just 1.7points firmer at 4,100.1 with the FTSE 250 […]
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 […]
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 […]
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 […]
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., […]
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 […]
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 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 […]
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 […]
Wireless wonder
With millions of dollars in venture capital on hand, a White Plains semiconductor company said it will spend the next year bringing to market a new technology that promises to change how the worlduses cell phones, PDAs and other wireless […]
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 […]