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Apax Partners: Layoffs Are Business As Usual [privateequityHUB]We’ve been hearing rumors – or rumours — about layoffs at Apax Partners, but a firm spokesman says that we’ve been misinformed. Sort of. Apax is not making any cuts due to current market conditions, as are firms like 3i and The Carlyle Group. Instead, it is going through ... |
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Catalyst Biosciences Raises $40M from Boston-Area Backers and Other Firms [Xconomy VC/Deals]VC, Biotech, cancer Ryan McBride wrote: Cambridge, MA-based venture firm HealthCare Ventures and several other backers have invested $40.4 million in a Series C round of financing for Catalyst Biosciences, a South San Francisco developer of protein-based drugs for diseases such as hem... |
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A $99 iPhone At Walmart? Good Idea (AAPL) [Silicon Alley Insider]Apple (AAPL) still hasn't announced any plans to sell its iPhones at Walmart (WMT) stores this month, as mobile blog Boy Genius Report suggested in November. And Apple definitely hasn't announced any plans to sell a $99 iPhone at Walmart, as a Boy Genius Report source suggests it will today. But... |
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"On Wall Street, I’d consistently submit a report that would say, ‘This is going to be..." [BijanBlog]““On Wall Street, I’d consistently submit a report that would say, ‘This is going to be roadkill,’ and it would come back rewritten as ‘We see some weakness,’” Blodget says. “Now I can say, ‘It’s going to be roadkill.’ That&r... |
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"Things have already changed so much that this is hard for us to believe, but till just a few decades..." [BijanBlog]“Things have already changed so much that this is hard for us to believe, but till just a few decades ago the largest organizations tended to be the most progressive. An ambitious kid graduating from college in 1960 wanted to work in the huge, gleaming offices of Ford, or General Electric, ... |
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Broadcom Exec Canned Over Fake Degrees On Bio (BRCM) [Silicon Alley Insider]Broadcom (BRCM) SVP Vahid Manian said on his corporate bio he had a B.S.E.E. and an M.B.A. from UC Irvine, but it turns out he never even finished his bachelor's. Despite the stories of parties with drugs and hookers swirling around Broadcom's management team, someone there sobered up enough to h... |
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