Archive for June 2nd, 2008

More US venture capital firms investing abroad: survey
Reuters - 53 minutes ago
By Anupreeta Das SAN FRANCISCO (Reuters) - Taiwan, Japan and Israel are just some of the emerging hotspots for innovation outside the United States, as venture capitalists continue to pour more dollars into global investments, a new survey said on
Venture capitalists go beyond borders USA Today
Survey ranks US tops in fostering innovation San Francisco Chronicle
CNET News - The Industry Standard
all 12 news articles

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Rating Cuts, Executive Ousters May Signal Longer Mortgage Slump
Bloomberg - 1 hour ago
By Ari Levy and David Mildenberg June 3 (Bloomberg) — Ratings cuts at three of the biggest US securities firms coupled with management shakeups at Wachovia Corp.
Banking, economic woes end Street streak The Star-Ledger - NJ.com
Bank Downgrades Hurt Dow New York Times
Wall Street Journal - BusinessWeek - Tampa Tribune - MarketWatch
all 140 news articles

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Xinhua
China Telecom Shares Fall, Leading Nation's Phone Stocks Down
Bloomberg - 1 hour ago
By Mark Lee June 3 (Bloomberg) — China Telecom Corp. fell the most in more than two months in Hong Kong trading today, leading declines among Chinese phone companies, after the company announced it will buy a mobile-phone business from China United
Mobile and Landline Deals to Update Service in China New York Times
China shares outlook - Higher; telecoms in focus Forbes
Washington Post - AFP - Smartmoney.com - TheStreet.com
all 387 news articles

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Sabah
Wachovia: One Thompson Deal Too Many
BusinessWeek - 2 hours ago
by Dean Foust In his first five years as chief executive of First Union—later to become Wachovia (WB)—Ken Thompson was the antithesis of a big-bank CEO.
Wachovia Forces Out Its Chief New York Times
After Mortgages, Construction Crisis May Be Building Wall Street Journal
Reuters - Marshalltown Times Republican - Bloomberg - Los Angeles Times
all 950 news articles

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China Daily
Mobile and Landline Deals to Update Service in China
New York Times - 45 minutes ago
By REUTERS HONG KONG (Reuters) - China Unicom, a provider of mobile telephone services, agreed to buy a fixed-line operator for $24 billion and sell a wireless network for almost $16 billion as China began an overhaul of its telecommunications industry
RPT-Hong Kong shares fall with Chinese telecom stocks Reuters
China shares outlook - Higher; telecoms in focus Forbes
TheStreet.com - AFP - MarketWatch - Bloomberg
all 446 news articles

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CanadianBusiness.com
Yahoo readied plan to reject Microsoft bid: papers
Reuters - 46 minutes ago
By Eric Auchard SAN FRANCISCO (Reuters) - Yahoo Inc CEO Jerry Yang ordered up a draft press release rejecting a Microsoft Corp takeover bid months before January's unsolicited bid, company documents unsealed on Monday show.
Court Unseals Investor Suit Against Yahoo New York Times
New documents illuminate Yahoo-Microsoft saga The Associated Press
Bloomberg - MarketWatch - Bizjournals.com - BusinessWeek
all 220 news articles

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Wall Street Journal Blogs
Brocade to pay $160 million in backdating case
MarketWatch - 3 hours ago
By John Letzing, MarketWatch SAN FRANCISCO (MarketWatch) — Brocade Communications Systems Inc. said Monday that it has settled a federal securities class-action lawsuit related to the improper dating of stock options.
Brocade to pay $160M in settlement of class-action options Forbes
Brocade to pay $160M to settle options lawsuit The Associated Press
New York Times - San Jose Mercury News - Wall Street Journal - Reuters
all 83 news articles

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Morgan Stanley, Merrill, Lehman Ratings Cut by S&P (Update3)
Bloomberg - 3 hours ago
By Christine Harper June 2 (Bloomberg) — Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. declined in New York trading after Standard & Poor's lowered credit ratings for the investment banks, saying they may have to book more
Bank Downgrades Hurt Dow New York Times
Merrill Analysts Take More Negative View Wall Street Journal
Forbes - MarketWatch - CNNMoney.com - Telegraph.co.uk
all 125 news articles

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Bank Downgrades Hurt Dow
New York Times - 2 hours ago
By MICHAEL M. GRYNBAUM Stocks markets dropped on Monday after a trio of Wall Street’s biggest banks were hit with a harsh ratings downgrade, sending the Dow Jones industrials down 134 points and leaving some investors worried about additional losses.
Merrill Analysts Take More Negative View Wall Street Journal
S&P 500 Leaders and Laggards: LEH TSO Forbes
Telegraph.co.uk - MarketWatch - CNNMoney.com - RTT News
all 123 news articles

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CNN
Wachovia: One Deal Too Many
BusinessWeek - 4 hours ago
The board attributes CEO Thompson's ouster to a series of "disappointments and setbacks." His $25 billion acquisition of Golden West Financial was the last straw by Dean Foust In his first five years as chief executive of First Union—later to become
Banks Pushing Leaders Aside Amid Mortgage Crisis Hartford Courant
Wachovia Corp. gave few clues Monday about who its new leader would be Charlotte Observer
Bloomberg - Bizjournals.com - On Wall Street - TheStreet.com
all 971 news articles

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