Up-and-Comers
Article :
December/January 2009
The youthful partners at Lux Capital, wise beyond their years, are aiming to seed the next industrial revolution.
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The Courtship
Article :
December/January 2009
Software executive A.J. Hyland had resisted private-equity overtures for years. Then he met Orlando Bravo, and a fast friendship was born.
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Executive Order
Article :
December/January 2009
After CytRx CEO Steve Kriegsman spun off his biotech company’s most profitable subsidiary, he had one move left: Reload the pipeline.
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Tombstone
Article :
December/January 2009
Amid an industry-wide merger binge, Sprint and Nextel united in 2005. The connection has been . . . well, spotty.
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Home Equity
Article :
December/January 2009
The hottest properties in real estate, condo-hotels offer five-star amenities, the comforts of home — and ROI.
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Blue Sky
Article :
December/January 2009
The new Gulfstream G650 is the world’s best pure business jet — even in a world gone wrong.
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Vuitton -- Louis Vuitton
Article :
December/January 2009
The classy new LV tote evokes a certain secret-agent style
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Unwarranted – Or Deserved?
Article :
November 2008
There’s nothing better than dragging those who reportedly make $1 billion a year to Capitol Hill and parading them around for the whole cash-poor world to see, is there? (In medieval times, didn’t that used to be called getting locked up in the stocks?) In any case, if you missed out on any of the rotten tomatoes being thrown by members of the House Committee on Oversight and Government Reform yesterday (in the form of mostly idiotic questions) click here for the rundown of the showdown.
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Specter Of Resume-Padding Makes Comeback
Article :
November 2008
With so many more people looking for jobs than those actually up for grabs, the labor market right now can be a truly harrowing place. Some choose to deal with it by redoubling their efforts. Others, for lack of a better term, ‘sex up’ their resumes. The risks of getting creative with your credentials.
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36 Holes In…: Atlanta
Article :
November 2008
Subprime blues getting you down? Here’s a great spot to take your coat off and play a while.
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Blackstone: The Highlights – And Lowlights
Article :
November 2008
So, the cat’s been out of the bag for awhile now: private-equity is seriously roughing it, with KKR again delaying its IPO and Carlyle warning its investors not to expect the bounteous, frothy returns they had come to know and love to resume for a good while. All in all, not terribly shocking. Still, as private-equity giant Blackstone Group announced its third-quarter loss, we were rather impressed during the conference call to hear president Tony James go so far as to identify the exact nadir of the downfall of leveraged finance: he says it took place on Oct. 10. “I may be wrong, but I believe the credit markets have bottomed out and will slowly recover,” he adds. Worth reading are WSJ’s minutes from the call, which run the gamut from Blackstone’s labor situation to how many companies lost value in its portfolio since the credit crisis started.
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Screw The Models
Article :
November 2008
Of course, by this, we could only mean financial models. Frankly, we thought the wizardry of our advanced market tools was supposed to protect us humans from, well, ourselves. And while we’re glad to say it turns out we were right in that rather humble assumption, it doesn’t seem we properly anticipated the equipment being superior to the operator. (Ahem, the operators, in this case, being us.) The take-away from some of the world’s brightest minds on why the very departments designed to minimize risk somehow fouled up.
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Obama’s Win: What It Really Means
Article :
November 2008
Stocks may have staged their largest Election-day rally since 1984, giving Asia a bump up earlier today, but U.S. index futures and European issues have yet to feel the love. Still, if history is any measure, help may soon be on the way. Judging by the speed with which the Standard & Poor's 500 Index has fallen, a full recovery could begin as soon as July, if the market’s action mimics that of recessions ended in 1975, 1982 and 1991 (or so says Bloomberg, which came to this conclusion after vetting the usual heaping mounds of data). In the meantime, here’s your reality check on the changes you can expect to see from the Obama administration – not just in the coming months, but for years on out.
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Hobgoblin Behind October Scare
Article :
October 2008
On the universal scale of evil, as everyone knows, there are dunderheaded presidents, followed by child molesters, then Hitler, then Satan. After that, there’s only one thing left: margin calls.
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Bane Of Bain: Not Surprisingly, Credit Investments
Article :
October 2008
Private-equity firm Bain Capital’s credit affiliate, Sankaty Advisors, has seen roughly half the value of two funds worth about $4 billion just weeks ago disappear – and the cost of financing some of its key borrowing facilities go through the roof. A look at how a wide range of investment firms are dealing with the shifting market conditions and changing investor demands.
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Privatized Jet
Article :
October/November 2008
The new Embraer Lineage 1000 business jet is a high-flying example of the upside of privatization.
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Lone Star Estates
Article :
October/November 2008
Once synonymous with boom and bust, today's Dallas market is riding high in the saddle.
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New Issue
Article :
October/November 2008
In remote western Scotland, Machrihanish Dunes is inspiring a very rational sort of exuberance.
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Merrill’s Thain Warns Of ‘Thousands’ Of Job Losses
Article :
October 2008
Merrill CEO John Thain sounded the alarm today that workers at his bank have yet to feel the full bite of its layoffs, noting that thousands more positions will be eliminated before the bloodletting can be stemmed. Here, his comments this morning from Dubai as the bank lays plans to be absorbed by Bank of America in a $50 billion takeover.
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My Story: Julie Richardson
Article :
October/November 2008
Managing Director, Providence Equity Partners
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My Story: Roanne Daniels
Article :
October/November 2008
Senior Vice President, Bain Capital
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Trickle-Down Economics
Article :
October/November 2008
Jake Tarr, quite contrarian, how does your VC garden grow? With laser strikes and lots of patience.
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Bank Of England Goes Nuclear
Article :
October 2008
Even more nuclear, we mean. But not really, since this means the bank will now be accepting even broader forms of collateral than ever before as part of a sweeping reform of its permanent cash-lending operations. A look at the details of the Brits’ latest derring-do.
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Merrill: Write-Offs, Layoffs, Clean-Ups
Article :
October 2008
Last night, a Merrill banker told us a massive round of layoffs would begin today and likely persist for another week, as the company reported a steep third-quarter loss and another $9.5 billion of write-downs. As the bank prepares to be swallowed up by Bank of America, here’s how it’s bravely sorting its balance sheet and slashing risk.
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Wonder Working Power
Article :
October/November 2008
What's a middle-tier, Atlanta-based investment bank like J.P. Turner doing in the middle of some major financings? Credit the surge of Patrick Power.
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Clinical Trial
Article :
October/November 2008
The CEO of the biggest little opportunist in health-care technology seeks to acquire his way to fortune.
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Boston Uncommon
Article :
October/November 2008
A day of superlative sit-downs in America's walking city.
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Location, Location
Article :
October/November 2008
Finally, a logical way to organize all those pics floating in etherspace.
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Not as Pretty As It Looks
Article :
October/November 2008
A sleek new HP you can really go to war with.
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Old News
Article :
October/November 2008
Tuscany is super; the Titanic is sunk.
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The Costliest Mistakes
Article :
October/November 2008
A compendium of blunders reinforces that it's better to learn from others' mistakes than to make them yourself.
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Atlanta
Article :
October/November 2008
Take your coat off and play a while.
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Baldies Of A Feather Flock Together?
Article :
October 2008
Not surprisingly, the face of U.S. Treasury Secretary Hank Paulson’s financial rescue plan is to be Neel Kashkari, a former banker from Paulson’s alma mater – Goldman Sachs – and a man whose deep understanding of the powers of the bare pate, it seems, is growing apace. What we do find surprising, however, is that the man entrusted to deal with the global credit crisis at breakneck speed is only 35 years old. Just who is this (recently) unmasked man?
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Russia’s Own Jerome Kerviel?
Article :
October 2008
How Russia’s Renaissance Capital (not to be confused with Jim Simon’s Renaissance Technologies) lost millions at the hands of a 28-year-old equities trader.
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Penthouse: Fab Flip
Article :
October 2008
How one biotech investor nailed some serious CPW ROI.
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Panmunjom: The Most Dangerous Destination on Earth
Posting :
Travel
:
10/06/2008
The thought of having 500,000 of the world's most aggressively trained soldiers nearby can be comforting.
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The Deals Keep Coming, Despite Slowing Economy
Article :
October 2008
Listen here, Carl Icahn mounts the hostile bids. You do not mount the hostile bids on him. Just as Bristol-Myers Squibb attempts to close the noose on ImClone Systems (chaired by Icahn) Eli Lilly reportedly stages a dramatic come-out-from-behind, throwing down an offer that tops the incumbent’s by well over a billion. More on the talks quietly developing – plus, how this underscores an emerging trend toward big drug makers taking an increased interest in smaller biotechs.
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US ‘Bailout’: Signed, Sealed, Delivered?
Article :
September 2008
As the next shaky U.S. financial institution (Wachovia) teeters on the brink, the White House and congressional leaders apparently sealed a deal to authorize the largest banking rescue in the nation’s history. Unless they go back on it again (still technically possible, as a vote has yet to be taken). The grand total? After all the high-powered exchanges, mass protests, bans on BlackBerry devices to stem news leaks and skirmishes among the president, presidential nominees and lawmakers, it remained – surprise, surprise! – at exactly $700 billion. So much for making humungous changes to the game plan. At least we’re not on course to pay double, like the Brits. Now, how are the world’s stock markets holding up?
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Buffett’s Nuclear Option
Article :
September 2008
In exchange for $4.7 billion of cash, Warren Buffett has landed himself Constellation Energy, which gives him control of three nuclear power plants and half of a major nuclear-plant development firm. In the past, the Oracle of Omaha has come out swinging against the construction of nuclear plants. Will he change his mind now? How his decision will have global ramifications.
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Acquisition Targets
Article :
September 2008
If the annual Swiss watch fairs are the IPOs of the watch world, then these are the year's hot issues.
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Corporate Makeover
Article :
September 2008
A venerable carmaker repositions its brand with the 2009 Lincoln MKS.
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The 100-Year Perspective
Article :
September 2008
One of the country's most unsung venture-capital firms has taken its show on the road.
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Smucker Bet
Article :
September 2008
Tapping historic ties and a throwback deal tactic, William Blair's John Ettelson helped jam together two household brands.
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Andre's Way
Article :
September 2008
West Coast adviser Andre Peschong has spent a career helping small companies solve problems -- and now he's here to offer his wisdom.
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India
Posting :
Travel
:
09/22/2008
Take a ride through the "other" India.
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Cox: Worthy Of His Name, If Not Title?
Article :
September 2008
You think this is a nightmare? Just imagine if this Bush-appointed, Harvard University-trained lawyer had ended up steering the credit crisis, instead of Hank Paulson and Benny Bernans. A taste of what things could have been like.
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It's Got It All
Article :
September 2008
The ultimate work-while-you-surf-while-you-watch machine.
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And the Oscar Goes To...
Article :
September 2008
A camcorder that does everything for you but appear in the frame.
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Le Weekender
Article :
September 2008
A smaller bag for those shorter round-the-world jaunts.
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Business Is Looking Up
Article :
September 2008
A new premium-class airline could be just what the bean counters ordered.
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