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.
Sectors
Deals of the Day -- Mergers and Acquisition
Reuters reports the merger and acquisition deals of the day. (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: Two former top aides to Canadian Prime Minister Stephen Harper said on Thursday he should approve a $15.
Carlyle Group Acquires Stake in Vermillion Asset Management
The Carlyle Group continues to diversify; announcing yesterday that it would buy a majority stake in New York-based Vermillion Asset Management which will reportedly become its exclusive commodities trading platform.
Centerbridge Returns Funds to Investors: Fed Policies' Double Edged Effect
The Financial Times reported last week that Centerbridge Credit Partners is returning $500 million to investors in its hedge fund and said depressed interest rates caused by the Fed's "easy money" policies are partly to blame.
Another Acquisition for Reliance Steel & Aluminum Co.: Sunbelt Steel Texas
The largest metals service center in North America, Reliance Steel & Aluminum Co., announced that effective Oct. 1 it had acquired all outstanding limited liability company interests of the privately held Sunbelt Steel Texas, LLC.
Latest News
A new joint venture, Redpoint e.Ventures, announced over the summer that it had raised $130 million to invest in early stage Internet start-ups in Brazil. It is the first such fund in Brazil originating from Silicon Valley and according to the company's founders the largest early stage venture capital fund there.
The Wall Street Journal reported today that the Chinese-owned Ralls Corp. will face an uphill battle against the Obama administration fighting the executive order blocking its purchase of four wind farms in Northern Oregon.
A quick rundown of the differences between venture capital and private equity. Not sure about the difference between venture capital and private equity? You're not alone.
(Reuters) U.S. manufacturing ended its worst quarter in three years in September as foreign demand for U.S. goods fell sharply, an industry survey showed on Monday.
For the first time in over 20 years, a US president has blocked a foreign investment, citing security concerns.
According to a recently released report by CB Insights, angel investors are filling a geographic niche overlooked by venture capitalists.
Brief overviews of Asia's tech start-up environments for investors. For American and Canadian investors looking to put their money into tech start-ups,The Economist provides a quick overview of business environments in China, India, Singapore, South Korea, Hong Kong and Taiwan, and Vietnam.
A few tips to help consumers decide if it makes sense to refinance their mortgages. Thanks to an announcement by the Federal Reserve in mid-September that it would buy $40 billion of mortgage-backed securities per month, interest rates have been falling steadily and are now at historic lows.
The Albuquerque start-up Incitor, Inc. attracted another $1 million in venture capital in September for its innovative conversion technology.
