Jul. 18–The state is facing an increasingly skeptical Wall Street as legislators fail to resolve a $38.2 billion budget deficit — raising the prospect that Californians could pay millions ofdollars in extra borrowing costs in the future. Unless a budget […]

LOS ANGELES–(BUSINESS WIRE)–July 18, 2003–Rustic Canyon Partners, one of Southern California’s largest venture capital firms, today announced the formation of Rustic Canyon Ventures SBIC, LP, anew venture capital fund licensed by the United States Small Business Association (SBA). The firm […]

BUFFALO, NY — (NASDAQ MARKET WIRE) — 07/18/2003 — Rand Capital Corporation (NASDAQ: RAND) announced that its net asset value for the quarter ended June 30, 2003 is $1.65 per share, including $2million in cash at, ($0.37 per share). During […]

The prognosis for those who suffer from glioblastoma multiforme, a common form of brain cancer, is 11 months. About 8,000 people are diagnosed with it every year. A Penn State University scientist, Waldemar Debinski, has developed a drug intended to […]

Fidelity Investments lost one of its star fund managers this week when David Glancy left to launch a hedge fund. Fidelity analysts said Glancy is leaving Fidelity on a high note, after the Leveraged Company Stock fund he manages gained […]

Jul. 17–Fidelity Investments will not take additional special measures to try to retain top-flight talent after its best stock picker this year quit Tuesday to start a hedge fund, the mutual fundcompany said yesterday. David Glancy, who managed the $720 […]

WALTHAM, Mass.–(BUSINESS WIRE)–July 17, 2003–STARBAK Communications, Inc.(R), the leader in integrated, end-to-end solutions that enable users to create, deliver, and manage rich mediaapplications over IP, today announced that it has secured $3 million in Series B financing. Leading venture capital […]

At least $50 million of private venture capital is being sought to establish specialist seed funds in biotechnology, one of the Government’s key growth sectors. The New Zealand Venture Investment Fund (VIF) gave notice yesterday of its intention to set […]

AT LEAST $50 million of private venture capital is being sought to establish specialist seed funds in biotechnology, one of the Government’s key growth sectors. New Zealand Venture Investment Fund general manager Franceska Banga said the fund would invest a […]

Jul. 17–START-UPS TO PLAY IMPORTANT ROLE IN VALLEY RECOVERY: Silicon Valley is one of the most dynamic business centers of the world because of its ability to reinvent itself, but the state budgetcrisis presents some difficult choices for us as […]

Venture capital investments in minority businesses have a solid return, a foundation advancing entrepreneurship announced Wednesday. In a study conducted by the Ewing Marion Kauffman Foundation, combined investments exceeded a 20 percent rate of return, compared with 17 percent for […]

Jul. 16–The diverse nature of minority businesses has made them more profitable investments, according to a major national study of minority venture capital released today. While many venture capital firms were placing their bets on high-tech firms in the early […]