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Building activity falls in November
ACTIVITY in the construction industry contracted sharply in November, as the firms continued to scale back work in response to the global financial crisis, a survey says.
The Australian

SEC files charges against Del Biaggio
The Securities and Exchange Commission said Thursday it filed a civil complaint against Silicon Valley venture capitalist William J. "Boots" Del Biaggio III alleging that he defrauded investors, banks and private lenders out of $65 million.
Bizjournals.com

Are sweeping changes coming for mortgage finance
WASHINGTON - Adding to a mounting chorus in the nation's capital that the Bush administration must do more to reverse the nationwide housing slump, Federal Reserve Chairman Ben Bernanke on Thursday sp...
Big News Network

Olympia Asset Management: Olympia Asset Management LTD Featured in Wall Street Letter
NEW YORK, NY (MARKET WIRE) Olympia Asset Management LTD, a licensed, full service Broker Dealer offering retail brokerage and investment banking services to retail and institutional clients, today announced that it was featured in the Wall Street Letter www.wallstreetletter.com, a leading online industry publication. The article noted the current market environment and how Olympia Asset Management is taking the opportunity to recruit top talent from Firms like Merrill Lynch and Citigroup who have been downsizing.
Marketwire.com

Veredus buys back stake held by Fortis
Institutional-asset management firm Veredus Asset Management LLC has repurchased a 50 percent interest in the company held by Fortis Bank S.A./N.V.
Bizjournals.com

Capital One buying Chevy Chase Bank for $520M (AP)
Capital One Financial Corp. said Thursday it will acquire Chevy Chase Bank for $520 million in cash and stock, as it continues to bolster its deposit base to help fund operations amid the ongoing credit crisis.
yahoo.com

RealNetworks, fabrication firm to lay off 296 workers
Seattle's RealNetworks Inc. said Thursday it will cut 130 workers, or 8 percent of its total staff, effective Dec. 31. About 39 of the staffers to be cut are based in Seattle.
Seattle Post-Intelligencer

PureWave Networks gets $12M in second round of funding
PureWave Networks Inc. has raised $12 million in Series B round of funding that includes from two new investors, ATA Ventures and Leapfrog Ventures.
Bizjournals.com

AT&T cuts 12,000 jobs
AT&T, the largest US telecommunication group, plans to cut 12,000 jobs, or about 4 per cent of its workforce, and reduce capital spending in response to the economic slump which has accelerated the loss of residential phone lines
FT.com

Add-on-Con Conference: Opening Keynote for Add-on-Con Conference to Focus on New Business Models in a Difficult Economy
SAN FRANCISCO, CA (MARKET WIRE) Browsers have become rich platforms -- providing great distribution to highly engaged users. Add-on companies have shown that browser-centric innovation can drive rapid adoption and attract investment from top venture firms. What has been less clear is how these companies transition to revenue.
Marketwire.com

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Archived "business - venture capital firms" news stories.

Available news archives.

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