In Second Opinion, Dow Jones admits it got hacked, Paul Ryan contemplates becoming the next House Speaker and the EU will reportedly give Intel the green light for it to acquire Altera for $16.7 billion.
First Read ends your week with news that the Nobel Peace Prize has been awarded to Tunisian National Dialogue Quartet, Denmark’s DSV is planning on acquiring UTi for $1.35 billion and good news for shutterbugs: Adobe has developed an algorithm that removes photobombers.
In Second Opinion, Kevin McCarthy bails from the House Speaker race, Blackberry’s CEO says the company may quit handsets if it can’t make money by next year and Bill Gross sues Pimco for breach of contract.
First Read starts your week with news that Dell is in talks with EMC over a possible merger, Blackstone will be acquiring BioMed Realty for $8 billion and media mogul Rupert Murdoch implies in a tweet that Obama is not a “real black president” while suggesting that Ben Carson would be a “real black president.”
Blackstone Group, the world’s largest private equity firm, will pay about $39 million to settle civil charges over disclosure failures in connection with certain types of fees it charged its portfolio companies, Reuters News reported.
In Second Opinion, Blackstone will pay $39 million over fee disclosures, data storage company Pure Storage falters in IPO debut and Harvard’s celebrated debate team loses to a group of inmates.
Private investment firm Ardian has opened a new office in San Francisco. Wilfred Small will lead the firm’s new office. In 1999, Ardian launched its first U.S. office in New York. The San Francisco office marks its second entry in the U.S.
First Read begins the mid-week with news that AB InBev has revised its bid to acquire SABMiller for $104 billion, the New York Attorney General is investing fantasy sports sites after insider trading allegations and the FBI has reportedly foiled a plot by Russian gangs to sell nuclear material to ISIS.
In Second Opinion, Johnson Controls is reportedly in talks to acquire EnerSys, Microsoft unveils its first ever laptop and Amtrak threatens to suspend service unless a safety deadline is extended.
Billionaire fund manager Nelson Peltz on Monday added a big new client when he took in $150 million in cash from the Arkansas Teachers Retirement System, part of a trio of welcome victories for the activist, whose portfolio has faced a bumpy ride lately, Reuters News reported.
First Read ushers in your morning with news that SABMiller has reportedly turned down AB InBev’s $100 billion takeover bid because it was considered too low, DuPont CEO Ellen Kullman steps down and General Mills recalls 1.8 million boxes of Cheerios for containing allergens.
In Second Opinion, the U.S. and Pacific Rim nations reach a Trans-Pacific trade agreement, Facebook says it will use a satellite to deliver internet to sub-Saharan Africa and Twitter shares pop 5.7 percent on news of Jack Dorsey’s return as CEO.
Fidelity Biosciences is teaming up with Devonshire Investors‘ tech venture fund to launch as F-Prime Capital. No financial terms were disclosed. Also, F-Prime Capital will create a new name for FMR LLC’s venture capital funds. FMR is the parent company of Fidelity Investments.
First Read kicks off your week with news that American Apparel has filed for bankruptcy, Nelson Peltz’s Trian Fund has acquired a $2.5 billion stake in GE and the Nobel Prize in Medicine is awarded to three scientists for their work fighting parasitic diseases.
In Second Opinion, U.S. Education Secretary Arne Duncan will be stepping down at end of the year, Scottrade’s data breach affects up to 4 million customers and as of today, say goodbye to Google and hello to Alphabet.
First Read ends the week with news that the records of 15 million T-Mobile customers might have been exposed in Experian data breach, Japan is experimenting with driverless, robot taxis and Hurricane Joaquin may miss U.S. coast after hitting the Bahamas.
In Second Opinion, a shooting at an Oregon community college leaves at least seven dead, a judge rules in favor of J.P. Morgan in its $8.6 billion legal fight against Lehman and forget about buying Apple TV or Chromecast from Amazon. The e-commerce giant has banned them both because they don’t feature Prime Video.
Jarrett Turner, the Managing Partner and Founder of Soundcore Capital Partners LLC, tell us why private equity firms need operating partners.