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Latest Top (8) News
Yahoo sells back half of Alibaba stake for $7.1B Interim Yahoo Inc. CEO Ross Levinsohn is going to get billions of dollars to help his turnaround efforts.
Yahoo (NASDAQ:YHOO) on Sunday night announced a deal to sell half its stake in Chinese Internet giant Alibaba Group Holding Ltd. for 6.3 billion in cash and $800 million in new stock.
Alibaba also agreed to buy back another quarter of Yahoo's stake at the price of a planned initial public offering or let the Sunnyvale-based content hub sell the sell the shares in the IPO.
Alibaba chief Jack...
Mon, 21 May 2012 02:27:51 +0000 Puget Sound Business Journal wins six regional journalism awards Puget Sound Business Journal staffers and a contributing writer won six awards May 19 in the Northwest Excellence in Journalism Contest sponsored by the Society of Professional Journalists.
Staff Writer Greg Lamm and Assistant Managing Editor Steve Goldsmith won first place in the category of general news reporting for "Other people’s money," a three-part series on fallen Seattle financier Darren Berg. The installments were:
- Frat brothers, investors, partners -- all of them trusted Darren...
Mon, 21 May 2012 02:07:30 +0000 Milwaukee apartments sell for $11M in Chapter 11 reorganization Fox Point landlord Daniel Bruckner sold two Milwaukee sites to Jomela Properties for $11.1 million and will use the money to pay off debts in his Chapter 11 reorganization.
Bruckner in January filed for Chapter 11 reorganization, listing more than 30 different properties under his ownership in Milwaukee and surrounding communities. They had a combined value of nearly $54.4 million. Major mortgage holders on his properties include Fannie Mae, Waterstone Bank, North Shore Bank and Westbury Bank, according...
Sun, 20 May 2012 23:01:02 +0000 Preakness 2012 photo gallery A record crowd of 121,309 packed sun-soaked Pimlico Race Course on Saturday for the 137th running of the Preakness Stakes, a race ending with Kentucky Derby winner I'll Have Another edging out Bodemeister for a thrilling victory.
With the win, I'll Have Another now has a chance to capture horse racing's Triple Crown with a win at the Belmont on June 9.
The Preakness crowd, up from 107,000 a year ago, surpassed expectations by the Maryland Jockey Club. In the early afternoon Saturday, Jockey Club...
Sun, 20 May 2012 20:13:47 +0000 Business Journal wins 12 Greater Bay Area Journalism Awards The Silicon Valley/San Jose Business Journal won 12 awards at the 35th annual Greater Bay Area Journalism Awards given by the San Francisco Peninsula Press Club Saturday night.
The Business Journal awards were in the non-daily newspaper category and the broadband category.
The paper won were five First Place awards, four Second Place awards and three Third Place awards.
The paper won one of only two overall excellence awards for broadband journalism in a competition in which all media —...
Sun, 20 May 2012 14:55:51 +0000 40-year old Raleigh woman qualifies for U.S. Olympic swimming trials She is a director of human resources for James Maynard's Golden Corral Corp. in Raleigh. And now, add an Olympic hopeful to the 40-year old Erika Braun's resume.
Braun qualified for the U.S. Olympic trials on Saturday in the 50 freestyle swimming after she clocked 26.32 seconds. She had to beat 26.39 to qualify.
This is not the first time Braun has qualified for the Olympic trials. She qualified in 1988 when she was just 16 years old.
Her husband Eric Braun, an attorney by trade, says he believes...
Sun, 20 May 2012 01:27:36 +0000 Arizona, US banks still struggle with TARP, mortgage fund It's been more than four years since the U.S. Department of the Treasury invested $204.9 billion into 707 banks of all sizes under the Troubled Asset Relief Program initiative known as the Capital Purchase Program.
In return for the investment, the banks agreed to give the Treasury an ownership interest in the form of preferred stock and warrants to purchase more stock. Banks that accepted TARP also agreed to pay the Treasury quarterly dividends and to restrict executive compensation.
According...
Sun, 20 May 2012 00:18:34 +0000 DBJ on CBS4: What business needs to know about Denver's camping ban Denver's new homeless camping ban has stirred controversy -- and triggered questions among business people about how the ordinance will work.
The new rule, adopted by the Denver City Council May 14, takes effect May 29. It bans homeless people and others from camping overnight on public or private property without permission.
The ordinance comes as the number of unsheltered homeless people has risen sharply, according to a recent point-in-time survey.
Denver Business Journal reporter Dennis Huspeni...
Interim Yahoo Inc. CEO Ross Levinsohn is going to get billions of dollars to help his turnaround efforts.
Yahoo (NASDAQ:YHOO) on Sunday night announced a deal to sell half its stake in Chinese Internet giant Alibaba Group Holding Ltd. for 6.3 billion in cash and $800 million in new stock.
Alibaba also agreed to buy back another quarter of Yahoo's stake at the price of a planned initial public offering or let the Sunnyvale-based content hub sell the sell the shares in the IPO.
Alibaba chief Jack...
Fox Point landlord Daniel Bruckner sold two Milwaukee sites to Jomela Properties for $11.1 million and will use the money to pay off debts in his Chapter 11 reorganization.
Bruckner in January filed for Chapter 11 reorganization, listing more than 30 different properties under his ownership in Milwaukee and surrounding communities. They had a combined value of nearly $54.4 million. Major mortgage holders on his properties include Fannie Mae, Waterstone Bank, North Shore Bank and Westbury Bank, according...
A record crowd of 121,309 packed sun-soaked Pimlico Race Course on Saturday for the 137th running of the Preakness Stakes, a race ending with Kentucky Derby winner I'll Have Another edging out Bodemeister for a thrilling victory.
With the win, I'll Have Another now has a chance to capture horse racing's Triple Crown with a win at the Belmont on June 9.
The Preakness crowd, up from 107,000 a year ago, surpassed expectations by the Maryland Jockey Club. In the early afternoon Saturday, Jockey Club...
She is a director of human resources for James Maynard's Golden Corral Corp. in Raleigh. And now, add an Olympic hopeful to the 40-year old Erika Braun's resume.
Braun qualified for the U.S. Olympic trials on Saturday in the 50 freestyle swimming after she clocked 26.32 seconds. She had to beat 26.39 to qualify.
This is not the first time Braun has qualified for the Olympic trials. She qualified in 1988 when she was just 16 years old.
Her husband Eric Braun, an attorney by trade, says he believes...
Denver's new homeless camping ban has stirred controversy -- and triggered questions among business people about how the ordinance will work.
The new rule, adopted by the Denver City Council May 14, takes effect May 29. It bans homeless people and others from camping overnight on public or private property without permission.
The ordinance comes as the number of unsheltered homeless people has risen sharply, according to a recent point-in-time survey.
Denver Business Journal reporter Dennis Huspeni...