Companies must pay close attention to the company they keep.
By Venky Ganesan
FORTUNE -- One of my favorite episodes of Freakonomics Radio concerns a diner at the Manhattan branch of high-end, organic restaurant chain, Le Pain Quotidien, who finds a deceased field mouse in her salad. As often happens on Freakonomics, this revolting tale begets an interesting discussion of economics: From the function of 'anchoring' in influencing pricing behavior to the challenge MOREDec 4, 2013 1:54 PM ET
The largest asset managers should become simpler, smaller and less interconnected.
By Sheila Bair
FORTUNE -- Hark. Do you hear it? That sound of ringing bells coming from the nation's capital as we enter the holiday season? Is it Salvation Army Santas taking to the street corners? Church campaniles playing "Carol of the Bells?" Or maybe angels getting their wings a la the Christmas classic It's a Wonderful Life?
Nope. It's the MOREDec 4, 2013 12:41 PM ET
Amid pressure from investors who argued the company had stretched itself too thin, Hess has shed assets and is moving forward as a streamlined company.Dec 4, 2013 10:52 AM ET
If you wait until 70 to collect and live to your mid-eighties, you win big. But who says you'll make it that far?
FORTUNE -- Year-end festivities are approaching, with Hanukkah lights nearing their peak, Christmas lights going up, and the New Year's celebration almost upon us. So what better time than the season of light is there to talk about ... mortality?
No, I'm not raising this gloomy topic just to be MOREAllan Sloan, senior editor-at-large - Dec 4, 2013 5:00 AM ET
Rosanne Zimmerman leaves private equity firm after 15-year run.
FORTUNE -- Rosanne Zimmerman has stepped down as a managing director with private equity firm Warburg Pincus, Fortune has learned.
Zimmerman joined Warburg Pincus in 1998 to focus on fundraising and investor relations, and was the firm's primary contact with large limited partners like the New Jersey State Investment Council.
She previously had worked for GE Capital's structured finance group, and is a steering committee member of MOREDan Primack - Dec 3, 2013 4:09 PM ET
Hedge fund manager Topturn Capital creates a surf-inspired video ad.
FORTUNE -- Topturn Capital has become the first hedge fund manager to create and publish a public advertisement for its services, more than two months after the SEC lifted its decades-old ban on general solicitation.
The ad, first noticed by Buzzfeed, focuses on the similarities between a "top turn" surfing maneuver and the Monterey, Calif.-based firm's proprietary investment strategy, which includes MOREDan Primack - Dec 3, 2013 3:30 PM ET
Credit Suisse continues to shed private equity assets.
FORTUNE -- Credit Suisse (CS) has agreed to sell its remaining limited partnership interests in DLJ Merchant Banking Partners, a private equity group that it originally acquired via the bank's 2000 purchase of Donaldson, Lufkin & Jenrette. The buyer is Coller Capital, a private equity firm focused on secondary transactions.
Bloomberg News had reported on negotiations back in July, and yesterday the Federal Trade Commission disclosed MOREDan Primack - Dec 3, 2013 2:08 PM ET
In August, Thoma Bravo bought Digital Insight for around $1 billion. Yesterday, it agreed to sell it for $1.65 billion.
FORTUNE -- NCR Corp. yesterday announced agreed to acquire Digital Insight Corp., a Silicon Valley provider of online and mobile banking solutions, from private equity firm Thoma Bravo for $1.65 billion. Yes, the same Digital Insight that Thoma Bravo acquired a scant three months ago from Intuit for $1.065 billion (including MOREDan Primack - Dec 3, 2013 11:27 AM ET
Going digital is saving the government more than a $1 billion. More importantly, it is creating a new market for banks and financial services firms.
By Catherine Dunn, contributor
FORTUNE--Advocates of electronic payments – everything from direct deposits to mobile banking – have argued that moving away from cash and checking for disbursing payrolls and even social welfare payments will produce much-needed cost savings to companies and governments by reducing paperwork, MOREDec 3, 2013 11:11 AM ET
The largest IPOs of 2013 may not be as sexy as offerings from the latest tech darlings, but they contributed to the biggest year of public offerings since the tech bubble of the early 2000s.Nin-Hai Tseng, Writer - Dec 3, 2013 11:05 AM ET
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