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Last updated: 19:37:40 Monday Jul 13, 2009


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  • Internet radio star Pandora gets new funding deal
    OAKLAND, California (AFP) - Popular Internet radio service Pandora on Monday confirmed it is getting millions of dollars in new funding in the wake of clinching a deal on music royalty rates.   Nations:U.S.   Source:(AFP)   2009-07-13

    New financial rules: Major changes for big, small
    WASHINGTON - From simple home loans to Wall Street's most exotic schemes, the government would impose and enforce sweeping new "rules of the road" for the nation's battered financial system under an overhaul proposed Wednesday by President Barack Obama.   People:Timothy Geithner Christopher Dodd Barack Obama Charles Schumer Ronald Reagan   Activities:Obama Admin.   2009-06-17

    Business groups slam German nationalisation bill
    BERLIN (AFP) - A draft law allowing Germany to nationalise banks by seizing investors' shares, debated in parliament, could damage the country's reputation as a place to invest, business groups warn.   Nations:Germany Netherlands   Activities:2008 Germany Recession   Source:(AFP)   2009-03-08

    A Wrench in Silicon Valley's Wealth Machine
    A year ago there were reports that Digg had hired investment bank Allen & Co. to put the popular news aggregation Web site on the block with an asking price of $300 million. Bloggers predicted that buyers could "easily justify" the price given Digg's popularity, although no deal was ever consummated. Now that number looks like a relic from a bygone era. On Sept. 24, Highland Capital Partners and three other venture capital firms invested $28.7 million in Digg. The specific terms were not disclosed, but that investment implied a valuation of $167 million for the startup, according to one person who has seen the terms of the agreement. Digg executives declined to comment on the company's valuation.   Source:(BusinessWeek)   2008-12-20

    Gene-testing startup's study responds to critics
    A Silicon Valley gene-testing startup is responding to criticism that the tests could spur bad health-care choices by teaming up for a broad study of how the results affect behavior.   Nations:U.S.   Source:(AP)   2008-10-09

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