Forerunner raised more funds than any other venture capital firm for the quarter, $41.7 million for its inaugural fund, Dow Jones reported yesterday. What the press release didn't mention is that Forerunner Ventures is a female-only firm.
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Citi CEO Vikram Pandit Steps down Abruptly, What's Next?
Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.
Yahoo Recruits Top Ad Exec Henrique de Castro from Rival Google
In the latest coup for what was an early Internet sensation when it the scene in the mid-nineties but has more recently been waning, Yahoo Inc. has recruited a top advertising sales executive from its rival Google, Vice President Henrique de Castro, as its new Chief Operating Officer. Mr. de Castro will take the reins from another Google veteran Marissa Mayer who has been CEO and President at Yahoo since July.
VP Debate Recap: Dems Would Raise Tax Increase Threshold, Ryan Insists Republican Plan Wouldn't Hurt Middle Class
In what could be good news for the middle class (if President Barack Obama is re-elected), Vice President Joe Biden during a debate on Thursday with GOP vice-presidential candidate Paul Ryan signaled a possible change in the Democrats' longstanding position on tax rate increases, raising the threshold for increases from families with annual incomes of more than $250,000, to those making one million or more.
Billionaire Larry Ellison Rumored to Bid on AEG Sports and Entertainment Empire
The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.
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A seven judge panel ruled on Thursday that 41 lawsuits filed in California, Florida and New York against Facebook, NASDAQ and underwriters connected to the social media's IPO in May be heard in New York, Bloomberg reported.
In the midst of an ongoing New York State investigation into the accounting practices of some of the country's largest private equity firms, two Republican Congressmen asked State Attorney General Eric Schneiderman's office to "cease its efforts" with regard to requests for tax information made directly to the entities involved, The Huffington Post reported last week.
Yesterday NYC Mayor Michael R. Bloomberg and Bloomberg Philanthropies hosted a private summit to discuss ways of attracting tech businesses to New York, and make sure that the US keeps its edge in tech innovation, amNew York reported today.
The fastest-growing venture capitalist firm in Silicon Valley, Andreessen Horowitz, announced that former Washington mayor Adrian Fenty will join its team as a special advisor, The New York Times reported on Wednesday.
Equity International chief executive Gary Garrabrant has left the U.S. private equity firm. Equity International chief executive Gary Garrabrant has left the U.
An investor in Tesla Motors Inc thinks it may be time for big competitors of the electric car maker to admit defeat on their electric models and focus on the next technological leap, perhaps flying cars.
The co-chief executive of Morgan Stanley's Asia operations said on Wednesday China IPO regulators should protect investors.
Global private equity fund Blackstone Group LP has appointed James Carnegie as a senior adviser as the firm chases buyout opportunities in Australia.
The head of Indiareit Fund Advisors has decided to step down to explore setting up his own fund. The head of Indiareit Fund Advisors, an Indian real estate fund and unit of drugmaker Piramal Healthcare, has decided to step down to explore setting up his own fund, sources familiar with the development told Reuters on Saturday.
