INVESTMENT

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Investors revel as housing looks for bottom

Tony Alvarez recalls his doubts as he contemplated the wrecked, two-bedroom foreclosed house up for sale 30 years ago with his real estate agent's reassuring hand on his shoulder.

Justin Timberlake: Stealth Silicon Valley angel?

Actor Justin Timberlake walks the red carpet as he arrives for the premiere of "Bad Teacher" in New York
As it turns out, Justin Timberlake's role as Napster founder Sean Parker in The Social Network was a wink and nod to the celebrity's little publicized role in driving Silicon Valley start-ups.
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Leonard Green buying BJ's Wholesale Club for $2.8 billion

Wholesale Club War: BJ's vs. Costco

Leonard Green & Partners and CVC Capital Partners have agreed to buy BJ's Wholesale Club for $2.8 billion. The move is expected to pit BJ's in more direct competition against Costco in the wholesale club wars as the firms push BJ's, in only 15 states to growth.
Housing

This Is Not Your Father's U.S. Housing Sector

Time was, you could 'bank on' certain trends in the United States: ample career positions for new college graduates, rising incomes, and rising home prices. Times have changed, and regarding the latter, today's unforgiving U.S. housing sector makes due diligence all-the-more important for prospective home buyers.
China's Premier Wen gestures as he addresses a news conference with German Chancellor Merkel at the Chancellery in Berlin

China and Germany Sign Huge Trade Deals

On the final stop of a five-day visit to Europe, the Prime Minister of China Wen Jiabao has signed a huge multi-billion euro trading agreement with Germany.
Will Taxes Rise on Jet-Owning Income Group?

Obama Deficit Reduction Plan May Tax Slice of Mega-Rich, Not Rich

If your adjusted gross income is under $250,000, you may get a reprieve, if the Obama administration's latest deficit reduction proposal becomes law after debt ceiling talks have concluded. The administration is now said-to-be seeking to increase taxes on a narrow slice of the mega-rich, such as owners of private jets.
Former Massachusetts Governor Mitt Romney

Romney: I'll Favor Businesspeople for Cabinet Posts

Former Massachusetts Gov. Mitt Romney, an early frontrunner for the Republican Party's 2012 presidential nomination, defended his work at a private equity firm, saying that he wants people with extensive private sector experience in his cabinet.
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Blackstone asked for extra details on pay by SEC

Private equity and real estate firm Blackstone Group was recently asked by the Securities and Exchange Commission to provide extra information about how it remunerates its executives, according to regulatory filings made public on Monday.
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BMO looking to hire investment bankers in U.S.

Bank of Montreal's BMO Capital Markets, fresh from a two-year hiring spree, is further staffing up its U.S. investment bank to take advantage of a surging market for merger advisory.
Foursquare

Foursquare Raises $50M Capital: Company Valued at $600M

The location-based social networking website, Foursquare Labs Inc., based on software for mobile devices has raised $50 million in new venture capital. Now, the New York-based company is valued at approximately $600 million according to TechCrunch report.

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