Customer to Venture Capitalists: Please, go out of business

Even in the depths of a recession, venture capitalists are relentlessly upbeat, but one of their big customers poured cold water on that Thursday, asking some members gathered in Boston for the annual meeting of the National Venture Capital Association to go out of business.
“I hope some of you go out of business. I hope […]

GM bondholders haggle

Under the bondholders’ deal, they would swap a 51-percent stake in a restructured company for $27 billion in debt, a person with knowledge of the plan tells Reuters Detroit Bureau Chief Kevin Krolicki. The deal would give the United Auto Workers union 41-percent in a new General Motors while the U.S. government would not receive […]

War with Radical Islam: How the West Has Already Won

With the Taliban on the march in Pakistan, Osama bin Laden still unaccounted for, attacks against U.S. troops in Iraq rising again and Afghanistan a quagmire, it would seem the war against jihadist Islam is only accelerating in intensity.But what if it’s

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Obama’s First 100 Days: Tough Love, Bold Moves and Missed Opportunities

As his first 100 days as President comes to a close, Barack Obama is scheduled to address the nation tonight in a prime-time press conference.If

Hooray! Obama Finally Considering Swapping Bank Debt for Equity*

Here’s our discussion about the latest on bank ’stress tests’ with Sydney Finkelstein, a Professor of Management at Dartmouth’s Tuck School of Business, and author of “Think Again: Why Good Leaders Make Bad Decisions and How to
Keep it From Happeni

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In Weak GDP Report, Bulls See Reasons for Optimism

Stocks rallied sharply into Wednesday’s FOMC announcement despite a much weaker-than-expected report on first-quarter GDP…or maybe because of it.The 6.1% decline was

Ken Lewis Should Resign, Regardless of Shareholder Vote, Says Dartmouth Prof.

Ken Lewis is expected to be reelected to Bank of America’s board but a proposal to split the CEO and Chairman roles is too close to call, according to preliminary results from the bank’s shareholder meeting today. Shortly after 1 p.m. EDT, the company sai

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Nasdaq powers Iraqi stock exchange’s electronic trading

Talk about trying to get a piece of an emerging market.
Nasdaq OMX said on Tuesday that its trading and clearing system was used in the launch last week of electronic trading on the Iraq Stock Exchange, or ISX, as it is known.
It is not the first time U.S. exchanges have partnered with counterparts in the […]

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