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.
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Female-only Forerunner Ventures Tops 3rd Quarter U.S. Venture Capital Earnings
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.
Lawsuits Against Facebook to Be Tried in NY
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.
NY State AG Defends Means of Obtaining Documents in Private Equity Firm Investigation
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.
Mayor Bloomberg Hosts Tech Summit to Help City Keep Its Edge
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.
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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.
Brokerage firm Knight Capital Group Inc has appointed three new directors. Brokerage firm Knight Capital Group Inc has appointed three new directors, including the chief executive of TD Ameritrade Holding Corp, three weeks after it received a $400 million outside investment, the Wall Street Journal reported, quoting people familiar with the matter.
Chief Executive Stephen Schwarzman was looking for more than just a business unit chief. When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief.
Republican presidential candidate Mitt Romney attempted to turn the national conversation back to his record as a business executive in an op-ed published on Friday in the Wall Street Journal.
Jeff Kindler, the former chief executive of Pfizer Inc, has joined venture capital firm Lux Capital as a partner.
General Electric Co (GE.N) Vice Chairman John Krenicki will join Clayton, Dubilier & Rice at the end of the year.
Bessemer Venture Partners' Rob Chandra is scaling back his role at the venture firm to launch Avid Park.
