In the one bright spot in an otherwise gloomy economy, housing starts as well as resale of homes has been climbing at its fastest pace in almost three years. According to the Commerce Department, groundbreaking on new homes jumped 6.9 percent in June, to a seasonally adjusted rate of 760,000 new units. That is the… Continue Reading
Former Greek finance minister and head of the Socialist party Evangelos Venizelos said on Tuesday that it will be “almost impossible” for Greece to cut back spending by €11.5 billion ($14.1 billion) over the coming two years, the amount its rescue creditors demanded as part of the bailout deal. Venizelos made his statement in a… Continue Reading
Like fresh meat thrown to a pack of wolves, Obama’s comments about the relationship between government and business has inspired prominent business organizations, conservatives and the Republican candidate for president, Mitt Romney, to react in the strongest way to Obama’s remarks. Obama was speaking in Roanoke, Virginia to a group of supporters when he stated… Continue Reading
GlobeImmune, Inc is a biopharmaceutical company which recently filed with the SEC to go public, but have still not begun trading. The company was founded in 1995 as Ceres Pharmaceutical and changed its name to GlobeImmune in 2001. GlobeImmune has the ambitious goal of ending disease all over the world. At the moment GlobeImmune is… Continue Reading
Some companies say they are good to the environment, but really aren’t so good if you take a closer look. Newsweek decide to take a closer look, and with the help of some experts on environmental issues and business practices, studied a large selection of companies for more than one year. Among the 15 top… Continue Reading
CEO of Greenleaf Book Group, Clint Greenleaf moved his company from Cleveland, Ohio to Austin, Texas in 2004. There were several reasons Greenleaf made the move; among them the most important were the difficulty of hiring in Ohio, and the absurdly high taxes there. Greenleaf explained that in Texas there would be no requirement of… Continue Reading
New regulations to better control high-risk trading on Wall Street were ushered in on Tuesday by government regulators seeking ways to prevent future financial crisis caused by high-risk business practices. The rules are an expansion of the Dodd-Frank regulatory law and will give the government more control over the $700 trillion derivatives industry, a murky… Continue Reading
Tom Currier is only 20 years old, but that doesn’t mean he is too young to nurture an innovative company which is lifting eyebrows among investors. As a matter of fact, he isn’t too young to have begun nine successful companies, beginning with ScanBoy which he started at the age of nine to finance his… Continue Reading
We past the summer solstice signifying that half the year is behind us. As we wind down with 2012 it is a great time to investigate some investments with great potential for the rest of the year, and even into 2013, which is not far away. The following companies have shown strong possibilities for growth… Continue Reading
Steve Klinsky founded New Mountain Capital in January, 2000 in New York. New Mountain’s first private equity fund was Mountain Partners, LP, with assets valued at $770 million. During the ensuing years Klinsky created two additional private equity funds; New Mountain Partners II, which was launched with $1.55 billion beginning in January 2005; and New… Continue Reading