Microsoft execs who could succeed CEO Steve Ballmer

peHUB Second Opinion 8.28

In Second Opinion we have news about how you can bet on who will be Microsoft’s next CEO, chatter that the Fed could put tapering on hold, Putin’s poor sense of humor, Twitter’s latest purchase and lots more.

Reuters – Quintiles Mulls IPO

Quintiles Transnational Corp, a provider of contract research for the pharmaceutical and biotechnology industries, is speaking to banks about a potential initial public offering, writes Reuters. JPMorgan Chase and Deutsche Bank are among the banks vying for a role, writes Reuters.

Reuters – Technicolor in Favour of JPMorgan Chase Deal

The board of directors of French digital video specialist Technicolor has backed a plan for US bank JPMorgan Chase to take a stake of up to 29.96 percent over a rival offer from private equity firm Vector Capital, writes Reuters. Technicolor added that Vector’s plan to buy as much as 30 percent of the French […]

Fornell Joins Well Fargo Securities

Eric Fornell has joined Wells Fargo Securities, part of  Wells Fargo & Co., as Vice Chairman in the energy and power sector of its Investment Banking and Capital Markets division. He is based in New York and reports jointly to Rob Engel and Jonathan Weiss, co-heads of Investment Banking and Capital Markets. Most recently, Fornell […]

Open Range Communications Files for Chapter 11

Open Range Communications, a provider of high speed Internet access to rural areas in 17 states, has filed for bankruptcy protection after failing to secure further funding. The Greenwood Village, Colo.-based company, which received a $267 million loan in 2009 from the U.S. Department of Agriculture, as well as $100 million from JPMorgan Chase & […]

Rearden Commerce Nets $133M, Buys

American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.

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