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.
Sectors
Public Pension Funds Accurately Reporting Shortfalls Despite $300 Billion Discrepancy
Although a new study by one of the world's largest actuarial firms, Milliman, found the 100 largest pension funds are underreporting their unfunded liabilities by about $300 billion, a spokeswoman for the firm said the amount was "insignificant." Large public funds remain skeptical of private equity.
Online Pawn Shop borro Secures $26 Million in New Funding Round
The online, privately held lending company borro just received $26 million in new funding to expand its U.K. and U.S. operations. borro offers loans ranging from $1,000 to $1 million dollars secured against personal assets such as jewelry, fine art, classic cars or even wine collections. It just received $26
Venture Capital-Backed Companies with Women Execs More Likely to Succeed
A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.
iPad Mini Release Date Rumored: Apple Device Set for Oct. 23 Debut
Apple's answer to the Kindle Fire and Nook, the iPad Mini, could be in stores as early as Oct. 23, according to the technology website AllThingsD, as reported by ABC News.
Latest News
A temporary injunction banning the sale of Samsung Galaxy Nexus smartphones has been overturned, dealing a blow to Apple in its ongoing battle with the South Korean electronics giant.
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
San Francisco-based venture capital firm Valar Ventures Management led a $10.47 million round of financing in the up-and-coming Brazilian furniture e-commerce store, Oppa, according to securities filings obtained by The New York Times. It is the firm's first venture into Brazil.
Private equity firms have more money than they know what to do with and may have to start returning it to investors, according to an article in The New York Times last week.
Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.
In contrast to China's Official National Bureau of Statistics report, the HSBC Purchasing Managers' Index for September showed the country's services sector recovering, Reuters reported today.
