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Startups Are Dying, and Venture Investors Aren't Saving Them
Investors are becoming more selective with their bets, threatening the hundreds of startups that raised cash during the recent boom. Source link
WeWork Taps Directors With Bankruptcy Chops After Board Resignations
WeWork has brought in a slate of new board members experienced in restructuring troubled companies through bankruptcy to succeed three directors who resigned because of
NYSE, Nasdaq Battle for New Listings
Nasdaq wins Instacart and Arm, while NYSE snags Birkenstock and Klaviyo. Source link
Yellow Files for Bankruptcy After Shutting Down
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal
Private Equity, Hedge Funds Brace for Coming SEC Overhaul
Regulators could adopt new rules for firms such as Blackstone and Millennium as soon as this month. Source link
Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle another disease: a rare autoimmune condition that
BP Profit Declines More Steeply Than Peers'
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link
Small-Business Lending Is About to Change, With Simpler Requirements
An SBA overhaul will make it easier for fintechs and other nonbank lenders to issue loans, prompting worries about defaults. Source link
Real-Estate Deal Gone Bad Hits Popular Crowd Funder
CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing. Source link
America's Fiscal Time Bomb Ticks Even Louder
Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often. Source link