MADISON, Wis.-- The state Assembly has passed a bill that would invest millions of dollars in state and private money in Wisconsin startups. The venture capital fund would contain $25 million from the state and at least $50 million in private money. It will be overseen by the Department of Administration, with the goal of helping young companies grow and create jobs.
YAOUNDE, June 6- Cameroon has given the green light to a company owned by New York venture capital firm Herakles Capital to resume work on a giant palm oil plantation, officials said on Thursday, sparking outcries from environmental campaigners.
NEW YORK/ ST. LOUIS, May 31- These are unsettling times for digital currency businesses and the venture capitalists backing them. On Tuesday, the authorities in Spain, Costa Rica and New York arrested five people at the digital currency firm Liberty Reserve, including its founder Arthur Budovsky, and seized related bank accounts and Internet domains.
DETROIT/ SAN FRANCISCO, May 28- Fisker Automotive, the cash-strapped "green" car maker that is seeking a buyer, has lost an influential board member who was key in attracting investors to the startup in its early days. Ray Lane, 66, resigned from the board on Friday, Lane's venture capital firm Kleiner Perkins Caufield& Byers and the car maker confirmed on Tuesday.
DETROIT, May 28- Venture capitalist Ray Lane resigned from "green" car startup Fisker Automotive's board of directors late last week, Kleiner Perkins Caufield& Byers confirmed on Tuesday. Kleiner Perkins was an early investor in Fisker and Lane was among the company's most vocal supporters.
Currently, Lyft operates in five areas, including San Francisco, Los Angeles and New York, according to its web site. Sidecar offers a similar peer-based service, backed by investors such as Lightspeed Venture Partners and Google Ventures.
DETROIT, May 23- Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000.
April 30- An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.
MUMBAI, April 29- India's capital markets regulator imposed rules on alternative investment funds in May 2012. The Securities Exchange Board of India organises alternative investment funds- such as venture capital, social venture funds, small and medium enterprise funds and hedge funds- under three categories.
TOKYO, April 26- As part of Japan's economic revival plan, the new government has added $3.2 billion to the spending power of state-linked funds investing in Japanese companies, effectively acting as venture capitalists much to the chagrin of private equity firms.
April 22- GlaxoSmithKline said on Monday it will partner with venture capitalists Avalon Ventures in a deal worth up to $495 million to fund as many as 10 drug-discovery startup companies over the next three years.
SAN FRANCISCO, April 11- Ellen Pao, a former Kleiner Perkins Caufield& Byers junior partner who is suing the venture capital firm for gender discrimination, has landed a new job heading up strategic partnerships at social-news website Reddit.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.