SEC accuses former venture capitalist of stealing deals from his own firm.
When we last checked in with Matt Crisp, he had just settled a nasty piece of litigation with some of his former partners at (now-defunct) venture capital firm VSP Capital -- including current San Francisco mayoral candidate Joanna Rees. Lots of allegations of adultery, hacked email, fraud, etc. And it didn't work out well for Crisp, who agreed to MORE
Dan Primack - Aug 31, 2011 5:44 PM ET
Bank analysts covering AT&T (T) are beginning to chime in on the Department of Justice's attempt to kill the telecom giant's proposed $38 billion acquisition of T-Mobile. Here is a sampling:
James Radcliffe of Barclays Capital
"We believe that the deal is by no means dead, as the DOJ has stated that the "door is open" for AT&T to propose remedies, but the fact that the DOJ took this strong step this early in MORE
A solar energy CEO discusses the pending bankruptcy of Solyndra, which had raised more than $1.5 billion from private investors and the U.S. government.
By Barry Cinnamon, contributor
The epitaph for Solyndra is significant because of what was not a factor in their demise. It was certainly not for a lack of trying. But more importantly, it was not because of Chinese competition or a lack of U.S. government support.
Chinese solar panels MORE
Aug 31, 2011 3:03 PM ET
Exxon landed a big deal with Vladimir Putin. Should shareholders be concerned?
FORTUNE -- Are we a nation of people willing to climb into bed with any strongman just to make a buck? First we learn that a swath of software companies helped Libya's Moammar Gadhafi chase down Libyan people who disagreed with him. Then we find out that Oracle (ORCL) is being investigated for possibly violating the Foreign Corrupt Practices MORE
Duff McDonald, Contributing Editor - Aug 31, 2011 2:12 PM ET
One of America's most expensive cleantech bets just bit the dust.
Solar panel maker Solyndra today said that it will file for Chapter 11 bankruptcy protection, after failing to successfully compete against lower-cost Chinese manufacturers. It is one of largest failures ever suffered by venture capitalists, and a major black eye for a U.S. Department of Energy that loaned the company more than $500 million.
The company has not yet filed its MORE
Dan Primack - Aug 31, 2011 1:49 PM ET
Not so fast AT&T
The year's second-largest merger suddenly faces a giant roadblock.
The U.S. Department of Justice has sued to block AT&T's (T) planned $39 billion acquisition of T-Mobile from Germany's Deutsche Telekom, on antitrust grounds. FCC Chairman Julius Genachowski also said today that the proposed tie-up raised "serious concerns" for his agency.
AT&T expressed surprise at the move, and said it would defend the merger in court.
AT&T shares are off more MORE
Dan Primack - Aug 31, 2011 11:04 AM ET
* 25 major U.S. corporations pay their CEOs more than they pay in taxes
* Want to know what caused the 2008 financial crisis? Don't ask an economist.
* Dropbox is raising new cash at a $4 billion valuation, but it could have been even higher
* Morning Call: U.S. futures advance ahead of ADP jobs report, London rises early, European shares climb and the Nikkei flattens.
* Charles Hugh Smith: The limits of engineering
* Robert MORE
Dan Primack - Aug 31, 2011 6:36 AM ET
Warren Buffett seems to be getting tired of those who call him a hypocrite on taxes.
At this point, I'm not really sure who's allowed to advocate for higher taxes on the rich. Certainly not the lower 98%, lest they be accused of engaging in "class warfare." And apparently not the uber-wealthy like Warren Buffett, who is to be ignored until he donates a cargo plane full of gold bullion to MORE
Dan Primack - Aug 30, 2011 2:58 PM ET
From consumer spending to business investments, it seems nothing is the same this time around.
FORTUNE – It's hard to pinpoint exactly what has continued to hamper the U.S. economy. Economists and the media have popularly adopted the term "The Great Recession" to describe all that's gone wrong since the housing market collapsed several years ago, implying that Americans have just come out of a typical recession that, if anything, was MORE
Nin-Hai Tseng, writer-reporter - Aug 30, 2011 11:39 AM ET
By Alex Taussig, contributor
(I originally published this at my blog infinitetoventure.com. Go check it out!)
It's that time of year again. Summer is winding to a close, and students are returning to campus. The energy in the air is palpable, especially in a place like Boston, which seems to live and breathe along with the student population.
Yesterday, I spent the afternoon at Harvard Business School, meeting with former professors and chatting about what the MORE
Aug 30, 2011 10:12 AM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 12.26 | -0.47 | -3.73% |
| Bank of America Corp... | 7.25 | -0.05 | -0.68% |
| Frontier Communicati... | 4.23 | -0.24 | -5.46% |
| Juniper Networks Inc... | 21.67 | -0.70 | -3.13% |
| Cisco Systems Inc | 19.55 | -0.28 | -1.41% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,644.45 | -90.18 | -0.71% |
| Nasdaq | 2,808.60 | 3.32 | 0.12% |
| S&P 500 | 1,313.15 | -5.28 | -0.40% |
| Treasuries | 1.92 | -0.01 | -0.36% |
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