Monthly Archives: September 2003
Bridging tech funding gap
THE Technopreneurs Association of Malaysia (TeAM) has submitted various proposals to the Government for the provision of more seed- and early- stage funding, also known as developmental-stylefunding. The aim is to assist seed-stage companies bridge the funding gap prior to […]
Some Chicago-Area Leaders Want to Make Life Easier for Start-Ups
Sep. 8–Despite a wealth of top-notch universities, federal research centers and well-heeled companies and individuals, the Chicago area is generally regarded as inhospitable for entrepreneurs. A new study conducted by A.T. Kearney for the Chicagoland Chamber of Commerce concludes that […]
The Philadelphia Inquirer Personal Finance Column
Sep. 7–The scandal-a-week machine on Wall Street served its latest offering Wednesday, when New York Attorney General Eliot Spitzer accused Bank of America and other firms of cheating mutual fundinvestors to gain business from a favored client. The new allegation […]
New York Attorney General Makes Allegations against Big Mutual Fund Players
Sep. 7–Mutual funds have been the white hats of the investment world — standing above the scandals of WorldCom and Wall Street, smiling like the survivors at a convention of undertakers. That was last week. Then Eliot Spitzer revealed accusations […]
Ouch! The City grabs Royal & SunAlliance by the short and curlies ; The Ideas Exchange: Business view
Lyndon Johnson, the US president, famously said: “If you’ve got them by the balls, their hearts and minds will follow.” This is the theory of so-called “deep discount” rights issues. If your sharesare trading at X, and you decide to […]
Average investors have little defense against dishonesty on Wall Street
MARKETS Average investors have little defense against dishonesty on Wall Street By KATHLEEN GALLAGHER [email protected], Journal Sentinel Sunday, September 7, 2003 One of the most frustrating things about the allegations by New York Attorney General Eliot Spitzer against the mutual […]
The Orlando Sentinel, Fla., Susan Strother Clarke Column
Sep. 7–Some good news — finally — for venture capital in Florida. Anyone who follows the high-tech world knows that such financing is the rocket fuel that helps young companies get off the ground. But the sluggish economy has dampened […]
Network-Management Software Startup Leads Oregon Venture Capital out of Hiding
Sep. 6–A nascent pickup in the U.S. economy and a run-up in stock prices may be bringing Oregon’s long-dormant venture capital community out of hibernation. UXComm, a network-management software startup that is moving to Hillsboro, said Friday it had raised […]
New Venture Funds Content With Less
ComVentures, a California venture capital firm that manages $1.2 billion in assets, plans to announce this month that it has raised a new $300 million fund, becoming only the second Silicon Valleyventure firm this year to raise such a sizable […]
50 telecoms jobs go
A GLASGOW company is to cut at least 50 jobs at its headquarters as part of a major shake-up. Telecoms networking firm Damovo and its financial backers, venture capital firm Apax Partners, have said they are unable to rule out […]
Bank of America Looks Inward Amid Allegations
Sep. 6–In his first major crisis since taking over Bank of America Corp. in the spring of 2001, Chief Executive Ken Lewis said Friday he would punish any employees involved in improper trading ofmutual fund shares. “We have a keen […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against Strong Capital Management, Inc. and Certain of Its Mutual Funds
NEW YORK, NY — (MARKET WIRE) — 09/05/2003 — A class action lawsuit was commenced in Wisconsin State Court on behalf of all purchasers, redeemers and holders of mutual fund shares of Strong GrowthFund (NASDAQ: SGROX), Strong Large-Cap Growth Fund […]