Archive for November 6th, 2009

Martin Varsavsky: Why it may make sense to buy Skype back

Image via Wikipedia My investors at Fon (Fon is the largest WiFi network in the world and is built by its users) include most of the people and companies that were involved in the recent sale of Skype . At Fon we have eBay , Janus Friis and Niklas Zennstrom personally as investors and board members, Mike Volpi personally as an investor and board member, Danny Rimer as a board member and Index Ventures as an investor, and Marc Andreessen as an investor.

Liz Ryan: Keep Your Resume Out of the Black Hole

My friend Stephanie wants to know why I’m so adamant about the Black Hole, the one that swallows resumes the way my dog eats mac and cheese off my seven-year-old’s plate when the seven-year-old isn’t looking. “I know there are a lot of people applying for these jobs, besides me,” she says, “but my resume isn’t bad. I know I’m playing the odds, but why not go for it?” Here’s why not.

Investors add to week’s gains despite lousy jobs report


 
 Investors added to the week’s strong gains in the stock market after finding some positives in a surprisingly weak jobs report. Stock indexes posted a modest advance in light trading Friday after the Labor Department said the nation’s unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed. The rise in joblessness, while not welcome news for the economy, reassured some investors that the Federal Reserve will have to hold interest rates low for some time

State Street settles lawsuit, bulks up legal reserve


 
 State Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit, confirmed Arlene Roberts, State Street spokeswoman. The proposed settlement is subject to court approval

Bob Berkowitz: Ten Ways to Communicate What You Want in Business and in Life

Can you be a great success in business and be a failure as a communicator? Maybe, but I can’t see how. You’ve got to be able to deliver a message to your customers, prospects, employees, investors and the media in a powerful and persuasive way

Allegiant ordered to pay $157K to former broker in case of forged Finra letter


 
 An arbitration panel has awarded a former broker at Allegiant Securities LLC $100,000 in a case that arbitrators said involved a forged letter purporting to be from the Financial Industry Regulatory Authority Inc. Allegiant withheld commissions from Jay Weinstein, a broker at the firm, “based on a fraudulent claim that there was a Finra fine that had been levied against the firm,” said Brian Buckstein, the attorney who represented Mr. Weinstein

Focus Financial secures new capital, readies for fresh acquisitions


 
 Focus Financial Partners LLC, which calls itself the largest partnership of wealth management firms in the world, is securing a new capital infusion to help it service outstanding bank debt and continue its business of acquiring stakes in large registered-investment-advisory firms. Focus, launched in 2006 with $35 million in backing from private-equity firm Summit Partners, is getting an investment from Polaris Venture Partners, which has been involved primarily in backing information technology and life science businesses, according to investors close to Focus. Another private-equity firm also is expected to participate in the recapitalization

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