In a speech delivered at Tel Aviv, Harvard Professor Yochai Benkler said cooperation and not self-interest can generate new ideas and transform businesses in today's knowledge economy.
Research
IBM tracking thanksgiving holiday sales in real time
Here are the online shopping trends for Thursday, November 28 at 12:00 p.m. EST, from the IBM Digital Analytics Benchmark. Our next update will follow today at 3 p.m. EST.
SwissRe projects emerging markets driving growth in 2014-2015
SwissRe's recent report titled "Global insurance review 2013 and outlook 2014/15" provided an otherwise positive global economic outlook, which was a good sign in the non-life business as more people will seek financial protection for their properties.
Researchers retract claim of link between Bitcoin creator and Silk Road
Israeli computer scientists Dorit Ron and Adi Shamir retreated their claims in a report they published citing a financial link between the Bitcoin payment system and the operator of Internet black market Silk Road.
Digital ad spending by US retailers to rise this year- report
US retailers will spend more on digital advertising this year. According to an eMarketer report, retailers will increase their budgets by 15.7% to USD 9.50 billion for ads on the mobile space.
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The Federal Deposit Insurance Corp reported that the increased litigation cost at one unnamed institution was the primary reason why FDIC-insured banks and savings institutions posted decreased profits in the third quarter this year.
A study done by CB Insights revealed that only 14% of venture capital firms supported unicorns since 2004. Unicorns refer to young startup firms that have made USD 1 billion exits.
Private equity firms are keeping more money for acquisitions, according to a report from the Financial Times. The "dry power" of private equity funds have risen to USD 789 billion this year.
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
According to a report by Bloomberg, the charts produced by market-data provider Nanex LLC caused the ire of some traders, who insisted that Nanex's charts caused unnecessary investor anxiety.
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Despite positive Purchasing Managers Index data in both the manufacturing and services sectors, Markit's recent industry report also reflected a slowdown of hiring in the private equity sector.
A shift in demand from big firms like KKR, Blackstone and Bain Capital to midsize firms like HIG Capital, Sentinel Capital and KPS Capital in investors was seen in a recent survey conducted by Preqin.
A Pensions & Investments report said investors now prefer small and midmarket private equity firms like HIG Capital, Sentinel and KPS than large buyout firms.
