Totsy, a flash sales site for baby and prenatal care products, announced today that it’s raised $18.5 million in series B financing from Rho Ventures and DFJ Gotham. Named one of America’s Most Promising Companies by Forbes in December 2011, the company says revenues are up 125% from the first half of 2011. The New York-based company previously raised $5 million from Rho and DFJ in November 2010. […]
K9 Ventures, a micro-venture capital firm founded by entrepreneur Manu Kumar, has raised $40 million for its second fund. The new fund is much larger than the firm’s first fund of $6.25 million raised in 2009. The firm will continue investing in about four to six companies per year. But the larger fund will invest in 250,000 to $750,000 instead of its current investments of $100,000 to […]
Forbes editors and reporters recap the past week, from Ben Bernanke to financial regulation and faltering restaurant stocks, then look ahead to upcoming earnings from the likes of Apple and Facebook. Click below to watch: Stocks had a rough finish to what was shaping up as a decent week. Chipotle landed with the biggest thud, plunging 21.5% after disappointing revenue Thursday, while Advanced Micro Devices dropped 13.2% […]
PARIS—Investors abandoned Peugeot SA in droves Friday, driving its share price to its lowest level in over a quarter century, as a potential credit downgrade and a worsening outlook for the European car market overshadowed the company’s plans to shed 8% of its French workforce. Moody’s Investors Service Inc. warned Friday that it will study a possible lowering of Peugeot’s debt rating because of the worsening cash […]
Wells Fargo reported its 10th consecutive quarter of earnings growth as a result of a booming business originating and refinancing mortgages. The bank’s second-quarter profit was a record $4.6 billion, a 17 percent rise from the $3.9 billion profit it reported a year earlier. The San Francisco-based company earned 82 cents a share, above the 81 cents expected by the analysts polled by SNL Financial. Wells has […]
NEW YORK (Reuters) – A state judge on Friday temporarily blocked plans by Martha Stewart Living Omnimedia to sell certain branded products at J.C. Penney stores. The preliminary injunction was a win for Macy’s , which has sued Martha Stewart Living claiming it has exclusive rights to sell certain Martha Stewart products including soft furnishings, dinnerware and cookware. In issuing the preliminary injunction, New York State Supreme […]
Before you jump into the markets, take the time to learn from the missteps of novice investors. Here are three common first-time investing mistakes. Not having a plan A common mistake among first-time investors is that they lack a solid plan that will carry them through good and bad times, says Mark Holder, chief investment officer at Oklahoma-based portfolio management firm Stone Fox Capital Advisors. Failing to […]
“This has shaken our company to the core,” CEO Jamie Dimon said. The bank said managers tied to the bad trade had been dismissed without severance pay and that it planned to revoke two years’ worth of pay from each of those executives. JPMorgan said it had lost $US4.4 billion because of the trade from April through June, and its chief financial officer said the bank had […]
In The Performance Pipeline author Stephen Drotter describes a pipeline model that helps leaders at all levels address four leadership imperatives. The Performance Pipeline model focuses attention on each layer’s results and on the interconnectedness of the layers. Leaders at every level need to think more broadly, find new methods, provide greater clarity, and enable sharper focus. These must become the guiding ideas for leaders at all […]
K. Raveendran, Special to Gulf News When Dubai Islamic Bank announced the launch of its first property development in Dubai Marina in January last year, there was only a hint that the world’s first Islamic bank might be looking at the emirate’s booming real estate sector somewhat more seriously than the rest of the banks. But in less than a couple of years, DIB has emerged as […]
