INVESTMENT

Biotech Venture Funding Jumped in 2011

Biotech Venture Funding Jumped in 2011

Investment in biotechnology by venture capitalists jumped 22 percent in 2011, with $4.7 billion going into 446 deals, according to the MoneyTree Report released by PricewaterhouseCoopers and the National Venture Capital Association.
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Investors exit big-name funds as stars fail to shine

Investors rattled by unpredictable global markets are losing faith in star managers to shield them from painful losses, with some of the industry's best known names topping a list of funds which hemorrhaged cash in 2011, Lipper data shows.
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Moody's Warns of Cut to Big Bank Ratings

Moody's Investors Service, the credit rating agency of Moody's Corp , warned on Thursday that it is likely to make further cuts in credit ratings of many European banks and global investment banks.
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

BofA May Pay Employees in Shares, with Eye on Capital

Bank of America Corp (BAC.N) may give shares worth $1 billion to employees instead of cash as part of bonuses and hold back on dividend increases and buybacks, as the second-largest U.S. bank grasps for ways to boost its capital levels.
Seed Stage Investor Sets up Shop in DUMBO

Brooklyn Tech Gets New Seed Stage Investor

There's a new seed stage investor in town. Brooklyn Bridge Ventures, which set up shop at 20 Jay Street in DUMBO, is looking commit up to $500,000 and lead investments in seed and angel stage rounds for new internet-based companies.
Analysis: Canada's star fades as economy faces tough...

Canada's Star Fades as Economy Faces Tough 2012

Canada's moment in the sun as the fastest-growing economy in the G7 club of rich countries is set to end this year, when it will likely underperform the U. S. for the first time in seven years and struggle with a mounting household debt problem.
A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Climbs to Five-Week High

Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.
Anthony Chiasson, who co-founded the Level Global Investors hedge fund, exits United States Court in lower Manhattan

Feds Charge 7 in $62M Dell Insider-Trading Case

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
NYSE

U.S. Stocks Reach Highest Level Since July

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.

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