A lot of small markets does not equal a big market.
By Alex Taussig, contributor
One of the great things about moving from one place to another is all the free stuff people leave behind. A few weeks ago, Highland shuffled out of its decade-long digs in Lexington, MA and headed over to our brand new office in Kendall Square near MIT. Lying on the floor (the floor!) in Lexington was a paperback copy of MORE
Oct 31, 2011 7:40 PM ET
A big shakeup in the world of early-stage healthcare investing.
The life sciences investment teams of Morgenthaler Ventures and Advanced Technology Ventures are leaving their respective firms, Fortune has learned from multiple sources. The two groups will merge to form a new firm, with plans to begin raising a new fund by early next year.
For Morgenthaler, this is really the natural evolution of a process that began several years ago. When MORE
Dan Primack - Oct 31, 2011 3:28 PM ET
The European debt plan is a step in the right direction, but there are still too many unanswered questions. Investors are sobering up to that reality.
By Cyrus Sanati, contributor
Pulling the purse strings
FORTUNE -- The magic seems to be fading on Europe's latest efforts to bring an end to its long-running sovereign debt crisis. The controversial deal reached last week initially sent markets soaring. But a lack of specifics in MORE
Oct 31, 2011 12:41 PM ET
While I was on vacation last week, a bunch of media outlets reported that The Blackstone Group (BX) is raising up to $3 billion for a new fund dedicated to energy investments. Seems that Blackstone president Tony James mentioned it during the firm's Q3 earnings call.
Pretty sure this is the same fund that Term Sheet first reported on back in April. The one that will co-invest equally on energy deals with MORE
Dan Primack - Oct 31, 2011 11:50 AM ET
Anglo American (LSE: AAL) has agreed to acquire a 40% stake in diamond company De Beers from theOppenheimer family for $5.1 billion. Anglo already holds a 45% stake in De Beers, which means it would have a control position.
HomeStreet, a Seattle-based lender, has set its IPO terms to 7.17 million common shares being offered at between $22 and $24 per share. It would have an initial market cap of million, were it to price MORE
Dan Primack - Oct 31, 2011 11:36 AM ET
Britton Group, a UK-based portfolio company of Sun Capital Partners, has acquired Unterland Flexible Packaging, an Austrian-based flexible plastic packaging company, from the Mondi Group. No financial terms were disclosed. www.suncappart.com
Clark Holdings Inc. (NYSE AMEX: GLA) shareholders have approved a $0.46 per share buyout by The Gores Group. The deal is expected to close today. Clark is a Trenton, N.J.-based provider of logistical services to the print media industry. www.goresgroup.com
Great Point Partners has invested an undisclosed amount MORE
Dan Primack - Oct 31, 2011 11:35 AM ET
Lot18, a New York-based flash sale site for wine and gourmet foods, has raised $30 million in Series C funding. Accel Partners led the round, and was joined by return backers New Enterprise Associates and FirstMark Capital. The company raised a $10 million Series B round back in May. www.lot18.com
Gogobot, a San Francisco-based social travel site, has raised $15 million in new VC funding. Redpoint Ventures led the round, and was MORE
Dan Primack - Oct 31, 2011 11:34 AM ET
The Texas city not only tolerates the local Occupy movement, it hosts it at City Hall.
By Rob Curran, contributor
Occupy Dallas
FORTUNE – As the Occupy Wall Street movement has spread to cities around the country, a couple of things have become clear: No two Occupy movements are the same, and some of them have almost nothing to do with Wall Street.
While each event is styled after the original in Zuccotti MORE
Oct 31, 2011 10:49 AM ET
MF Global makes its failure official.
MF Global (MF), the broker-dealer run by former Goldman Sachs (GS) chief executive Jon Corzine, today filed for Chapter 11 bankruptcy protection.
The firm had spent the past weekend seeking a buyer, and apparently struck a deal to sell at least some of its assets to Interactive Brokers via the bankruptcy process. Its shares were suspended from trading earlier this morning, while the Federal Reserve Bank of New MORE
Dan Primack - Oct 31, 2011 10:41 AM ET
* From not to hot? Groupon considers raising IPO price
* Aaron Levie: Competing against the big guys
* Charlie Gasparino: Jon Corzine's lesson for Wall Street risk-takers
* Morning Call: U.S. futures point lower, London falls early, European shares tumble and the Nikkei falls on yen intervention.
* In memoriam: Robert Pritzker
* Romer to Bernanke: It's time for your Volcker moment
* Halloween horror: Contemptible costume party at a home foreclosure firm
* Henry Blodget: Apple's Samsung problem
* MORE
Dan Primack - Oct 31, 2011 6:35 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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