Author Archives: the HedgeCo News Team
Venture capital losses continue to pile up
SAN FRANCISCO (AP) — Venture capitalists began this year in a familiar position — sinking deeper into the morass of losses left by their high-tech investment spree of the late 1990s. The average venture capital fund posted an average one-year […]
Venture Losses Continue for 9th Quarter
SAN FRANCISCO (AP) – Venture capitalists began this year in a familiar position – sinking deeper into the morass of losses left by their high-tech investment spree of the late 1990s. The average venture capital fund posted an average one-year […]
Notebook: Bad news day
If you want to know why Reuters’ share price has more than doubled since April, you have to look further than yesterday’s interim results. At face value, the media information group’s numbers readlike a disaster story: core revenues, which mainly […]
BA is blown off Footsie course by airport strike
SHARES of British Airways went into a nosedive today as the fallout from this week’s chaos at Heathrow caused by industrial action began to be felt. The national carrier fell 31/2p to 1691/2p, after touching 1623/ 4p, as more than […]
BA starts to feel effects of Heathrow strike action
SHARES of British Airways went into a nosedive today as the fallout from this week’s chaos at Heathrow caused by industrial action began to be felt. Shares of the national carrier were among the biggest fallers in second liners with […]
Exec jump from Blackstone to Hedge Fund
Two senior executives have left Blackstone Group to set up a real estate platform at hedge-fund operator Och-Ziff Capital Management. Steve Galiotos and Steve Orbuch, who were named managing members, will form a private-equity and asset-management group that is expected […]
Micro Emissive raises (pounds) 4.7m
MICROEMISSIVE Displays, a spin-out from Edinburgh and Napier universities, yesterday announced that it had closed a (pounds) 4.7m third-round funding deal – one of the largest venture capital dealsthis year in the embattled European opto-electronics sector. MED, which last year […]
Takeover speculation building up at Crest Nicholson
A SPIKE in the share price of the house builder Crest Nicholson yesterday immediately set tongues wagging that the group will be the next in the sector to be on the receiving end of a bid. Thecompany has for some […]
Toledo, Ohio-Based Auto-Parts Maker Sees Stock Increase during Takeover
Jul. 22–Did somebody know that Dana Corp. was going to be a takeover target? Or did a handful of savvy investors act on a hunch? Or did some of the auto parts maker’s shareholders buy more stock onthe theory that […]
Bear Stearns Forms Private Client Advisory Services and Hires Top Ranked Managed Account Team John Hyman and Fred Patykewich
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Bear, Stearns & Co. Inc. announced today that it has formed Private Client Advisory Services and hired two pioneers in the managed account business, JohnHyman and Fred Patykewich to launch the effort. Jointly, they have been […]
Commerzbank Securities Announces Four Additions To Its New York Team
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Commerzbank Securities today announced four new additions to its New York team: — Jesse Shefferman takes the position of senior salesperson on the New York team for Pan European Equity Sales. He will report to Nick […]
The Tuckerman Group Announces Closing of Kirkwood, Missouri Project
PURCHASE, N.Y.–(BUSINESS WIRE)–July 22, 2003–The Tuckerman Group, the real estate investment unit of State Street Global Alliance LLC, today announced the closing on an equity investment inStation Plaza, a multi-family development project in Kirkwood, Missouri. Station Plaza is the seventh […]