Term Sheet
Following the big money from Silicon Valley to Wall Street
Todd Morgenfeld has worked for 8 months on Silver Lake's buyout offer for Dell. Now he's joining the PC maker's chief rival. More Former CIA director joins private equity firm. More MidAmerican: Buffett expands energy footprint. Also: SEC fines Nasdaq for Facebook IPO failures. More Now that Switzerland has agreed to cooperate with a broad U.S. tax evasion probe, thousands of wealthy American account holders may soon be exposed to the IRS. More More and more people are borrowing against their brokerage accounts to buy condos and expand their businesses. That's not reassuring. More Why Khosla Ventures believes Judicata can finally move legal research into the digital age. More It ain't what it used to be, says floor trader Kenny Polcari: "technology everywhere" but "a computer doesn't get it." More More energy companies are converting to a tax-free status that was once reserved for a small segment of the industry. More Ron Johnson's internal JC Penny broadcasts. Also: EU eases up on austerity. More The breadth of China's recently released economic agenda has led some observers of China to call it radical. But it's too early to celebrate. Here's why. More Before Douglas Shulman ran the IRS, he ran FINRA. More Instead of loosening standards to appease the industry, regulators should make it virtually impossible for securitizers to escape having skin in the game. More Also: Larry Summers to head Fed? Valeant buying Bausch & Lomb. More Electric car network runs out of gas. More WordPress.com parent company raises $50 million. More When hedge fund managers advertise, performance dips.
More There's one big winner, too.
More Merging Saks with Neiman Marcus may make sense, but it won't be easy. More The conventional wisdom is that market forces don't apply to pricing for medical care. A new study of the cosmetic surgery industry shows how wrong that belief is. More No one wants to go back to the brink, but honestly, what have our nation's leaders learned since the last near-collapse? More While short-term shareholders may cheer the JP Morgan CEO's retention of the chair spot, this will harm the board's ability to rein in risk. More Head of NYC private equity investments heads to private firm in which NYC pension invested. More Prices of everything from gold to oil to corn are falling fast. Here's how you can benefit. More Reports of VC returns on Tumblr have been greatly exaggerated. More Food truck economics; debunking 7 conventional VC wisdom; and, 3D printed food? More Wall Street is rolling out low-minimum mutual funds that will let you lose money like a high roller. More The desperate patchwork of fixes for Europe is deluding the best financial minds, including Goldman Sachs' Lloyd Blankfein, into believing that the euro is virtually certain to survive. More The highly anticipated JPMorgan shareholder meeting felt more like a lunch gathering of a local Toastmasters than Ground Zero of the governance movement. More Private equity firm circles grocery ad network. More Yahoo is formally buying Tumblr, but it's really buying Tumblr's leader. More The drugmaker plans to reincorporate in Ireland to reduce its tax burden, but the CEO will stay in New Jersey. More U.S. Senate candidate's investment performance. More Why we're paying attention to the wrong deal. More Fuel-cell maker Bloom had a tough first quarter. More It turns out that Americans in their sixties today have it better than any generation before them, but generations ahead have a less certain future. More Cities in California and Texas are already seeing the early signs of a housing bubble. More Dell's earnings collapse could have an impact on its buyout deal. More Jamie Dimon's supporters want shareholders to focus on the bank's bottom line. They're hoping they will miss some accounting moves that have significantly boosted profits. More Dissident Dell shareholder loses a bit of its voice. More In a provocative new book, a former Wall Street CEO and Treasury official argues that the U.S. shouldn't worry about the ballooning national debt. This reviewer respectfully disagrees. More Chuck Brizius and Scott Jaeckel leave Boston buyout firm. More Wall Street mostly shrugged off the Bloomberg snooping story. Then many users were alarmed when they found out messages had been posted online. More The case for dual-class stock; of course hedge funds lose money; and, big IPO for Tableau Software. More Tableau's venture capital backers getting ready for a monster return. More The surprising news that he could get 10 years off his jail time results from years of legal wrangling. More Sexual harassment case against VC firm can proceed. More Fewer Americans have a stake in the stock market, and unemployment may be preventing more from investing in equities. More Times have changed, and there are new reasons to consider products that provide steady income. More Bloomberg scandal may cause "grey dotting" on Wall Street to go mainstream. More The pension system doesn't look quite so ignorant of what was going on in its hallways. More Dell asks Icahn for more details. More Deb Bernstein, a partner with both Aquiline Capital and Pequot Ventures, passes away. More According to a new report, the jobless rate for 15-to 24-year olds in the richest countries is at a decades-long high and isn't expected to drop much in the next few years. More Congressman proposes legislation to widen "ticks" for small-cap stocks. More Like everyone else, private equity wants more details. More As bad as things are, things need to get worse to overcome the enormous active inertia that is now embedded in the political systems and institutions. More Buying back shares will boost earnings per share and save Apple $1.5 billion a year in dividends. More At a confab of big money managers, the hottest topic was the home loan market. Scared yet? More Fed maps stimulus end; IRS eyes private equity tax move; and, Sweatshop next steps. More Some economists are worried that farmland prices are nearing bubble territory. How bad can it be if no one's heard of it? More Bloom Energy passes $1.1 billion in VC funding More Carl Icahn may be guilty of Michael Dell's alleged sins. More As some J.P. Morgan shareholders begin to call for a chairman-CEO split, Fortune writer Katie Benner helps guide us through the story of Dimon's leadership. More Legendary investor says stock market is in state of "euphoria," while economy is still in the dumps. More Michael Corbat is the financial behemoth's fourth chief in less than a decade. Unlike his predecessors, he's not a brilliant money manager, an ambitious lawyer, or a swashbuckling dealmaker. Instead, he has spent 30 years working in banking operations. Could that be just what Citi needs? More Also: Is there anyone out there who could supervise Jamie Dimon? More If it's fair to limit taxpayers' expense for retirement money being set aside by "the rich," it's vastly more fair to limit taxpayers' expense for Obama's own package. More Few stocks involve more guessing than AMZN. The company is tightfisted when it comes to disclosing data or metrics. More Hedge fund manager Dan Loeb says Japanese stocks are cheap. More Is Hertz better off today than it was seven years ago? More Berkshire Hathaway spent some time promoting its sneaker brand Brooks at its annual meeting. More It was a banner year for these Fortune 500 companies. Learn why profits soared. More Banks are finding ways to make plenty of money even as the lend out less. More New York University economist Nouriel Roubini comes under fire for his bullish market call. More Handing out pyrite for the vaunted Midas List. More Don't believe the Heritage Foundation's $6.3 trillion assumption. More The online real estate listing platform opts for expansion with acquisition. More Straight talk from executives has become more important as shareholders become more active and regulators grow restless. J.P. Morgan is trying its hand at this approach. More Readers weigh in with their personal observations about why American men are struggling economically. More Investors in these Fortune 500 companies took it on the chin in a year when the S&P 500 had a total return of 16%. More Equities are actually pricey, just when the "experts" are claiming they're cheap. More Also: John Doerr's plan to reclaim VC crown. Icahn eyes Dell board fight. More The Donald is willing to fund anything (literally). More With nearly 100 portfolio companies and just two remaining partners, what is the future of Michael Arrington's venture capital effort? More JPMorgan Chase's likely CEOs-in-waiting come from the part of the bank that makes regulators and investors most nervous. More BlackRock's CEO says that the U.S. may need to make retirement savings mandatory. More The company has finally taken steps to distribute its unprecedented hoard, but will that be enough to revive its stock? More Investors in these Fortune 500 companies took big risks and saw even bigger rewards in 2012. More Friday's virtuous news cycle needs to continue if the U.S. economy is to overcome headwinds from Congressional dysfunction and Europe's malaise. More Glenn Beck doesn't just hawk gold, he mints it. More Start-ups should keep employee upside in equity. More Twitter hired a Morgan Stanley banker, but it's more about M&A than IPO. More Veteran venture capitalist Wilf Jaeger launching new firm focused on health care services. More The European Central Bank's move to lower interest rates won't be enough to help the small and medium-sized businesses that drive the economy in many regions. More Brown-Vitter and other efforts to boost bank capital are misguided. Capital cushions provide a false sense of security. More Warren Buffett's chief lieutenant, Charlie Munger, says Brown-Vitter won't work. More Neiman Marcus explores exit. More The government insurer, which may or many not be in need of a bailout, plans to generate $10 billion by locking middle class borrowers into high fees for decades. More Kodak was killed by phones, not film. More No IPO? No M&A? No problem. More Did JPMorgan exec lie under oath? Also: An ice cream truck war goes bad. More DFJ Growth raising second fund. More No one says the President doesn't deserve his benefits. But it's hard to get past his plan to limit savers to half the value of what he'll walk away with. More Most of AOL Ventures team spins out. More Republican representatives want to gut the way we collect national economic data. More Hedge funds are scooping up personal property tax liens from municipalities at a quick pace after big banks decided it was too risky. More Boston-area VC firm rebounds with new fund. More A new study debunks the theory that money doesn't make you any happier once you've passed a certain income threshold. More KKR in talks with David Petraeus; Uber CEO: No, we're not raising money now; and, manufacturing data down. More Nothing lasts forever, as investors in gold and JC Penney are being reminded. More Consultant calls recently proposed banking regulations such as Brown-Vitter "weapons of mass dissolution." More Recent economic data suggests that another spring slowdown is upon us, as we've had the past three years. But it may not be real at all. More Private equity giant steps up for military veterans. More The dark art of deal leaks. Also: CEO-to-worker pay ratios skyrocket. More Reports of Bressler's resignation have been greatly exaggerated. More The Justice Department got a black eye last week in a case involving a 79-year old Florida widow with $43 million in offshore accounts. More Big private equity firms are offering diversified products, but one size may not fit all investors. More Jamie Dimon loses key lieutenant; the joys of stereotyping VCs; and, solar is about to change the world. More A lower corporate tax rate won't deter companies from playing tax and accounting games. Just look at Apple's math. More Why it's hard for fund managers to become ambassadors. More It's not clear regulators are taking their own worst-case scenarios list seriously. More Private equity firm in talks to buy maker of PC gaming hardware. More The Great Austerity Debate. Also: Why Yahoo's chairman is out. More More good news for the housing market. More Bonuses certainly aren't what they used to be before the crisis, but it still pays to be on Wall Street -- at least for those who've held onto their jobs. More Senate candidate Gomez shouldn't take 'private' equity so literally. More Former child star gets VC funding for a kid-focused startup. More Clean-tech investments have underperformed, but that doesn't mean they're underwater. More Citigroup, Goldman Sachs and Morgan Stanley preach caution, even as their bankers return to pre-crisis deals. More The more things change, the more they stay the same. More Plus: Springer Science attracts 5 PE bids; Shale boom is having little econ impact; and, Clear thinking on 3D printing. More Hedge fund manager Lasry doesn't get ambassadorship. More Early-stage pharma investment is on life support. Can an innovative new partnership help? More Young, educated workers were once seen by banks as the most promising borrowers. That's no longer the case, thanks to student loan debt. More Does the M&A market need a stock market slowdown? More Hedge fund buys $2 billion stake in Microsoft; Fab joining billion-dollar club; and, SEC charges ex-Office Depot president. More Advice for the post-IPO life. More The VC shakeout is startling. More Also: Betfair rejects buyout. eBay recruits users vs. sales tax. More As IMF officials gather this weekend in Washington, Mohamed A. El-Erian assesses the problems and solutions to the IMF's twin personality. More Funds have underperformed at a time when they are drawing more and more money from middle class retirement accounts. More What happens when you bring penguins to the New York Stock Exchange. More A major discrepancy emerges in Dell timeline. More The effects of the financial crisis are still weighing on Millennials, but policy makers and business leaders are fooling themselves into believing that opportunities are ripe for America's younger set. More Blackstone ends its pursuit of the PC maker. More The news that consumer spending growth is slowing in China isn't all bad news. Just ask Burberry. More Blackstone reports earnings. More Did venture capital valuations really fall 79%? More Gunmaker gets the cold shoulder, private equity stick with energy, and the 'black box' of sell-side analysts. More Dodd-Frank requires the disclosure of a new measure of just how risky banks' loans and investments are. Goldman is the only big bank still refusing to do it. More The popular Microsoft program has been implicated in causing the financial crisis, Europe's growth problems, the U.S.'s weak economic recovery and pretty much everything else. More Under its new Dodd-Frank mandate, the FDIC has unveiled an innovative strategy to handle a megabank failure. More Private equity's placement agent saga takes a strange twist. More Gold is usually a safe haven for investors during times of economic turmoil. Not this time around. More A way to help in Boston More His pushes for change have propelled the stocks of Heinz, Wendy's, and Kraft. What is Peltz thinking these days? More Early Apple backer raises new fund. More Energy Future proposes pre-packaged bankruptcy. Also: Top 10 private equity tax loopholes. More A small Fed tax will do little to rein in big banks. More Income is the new Facebook. More Big week for private equity giant. More Dish launches $25 billion bid for Sprint. Also: The dark side of shareholder activisim. More How did New York and New Jersey jump to the top of the foreclosure list, behind only Florida? Red tape. More Mortgage loans and profits fell at the nation's largest home lender. More Heinz's new CEO Bernardo Hees comes from Burger King and, before that, Buffett's buyout partner 3G. It's another move that's outside of Buffett's playbook. More Japan has repeatedly tried to revive its economy, but investors might just buy it this time around. More How Wall Street's most outspoken CEO publicly dealt with one of the largest trading losses in history. More Companies still don't have to disclose how much (or how little) federal income tax they pay. That needs to change. More We're focusing too much on the present, and too little on the future. More Raises iPad estimate 11%, lowers iPhone 11%. Revenue and EPS are both dialed back. More Have reports of the club deal's death been greatly exaggerated? More 'Carried interest' is back on the table, and so are the private equity industry's defenders.
More Marlin is the little private equity firm that could... get bigger.
More Top strategist at Blackrock says the economy is stronger than it looks, which will lead to rising interest rates and pain for debt investors. But the evidence otherwise is too strong. More China is sliding further along the scale of chaotic financial systems, but is not yet in the danger zone. More J.C. Penney would be challenging for private equity firms. More Dell does not yet have any "superior offers." More The retailer's bonds are trading at around 70 cents on the dollar, suggesting investors think it could be headed for bankruptcy. But the value of its real estate alone is higher than all of its debt. More While investors brace for a slower earnings season in the first quarter, they see a turnaround later this year. More Economist Dean Baker, who called the jobs market correctly in March, says the outlook for hiring is likely to remain weak. More A venture capitalist's new bet on an old gaming company. More Private equity firms swap CompuCom. More The latest micro-VC effort comes from some pretty big names. More Signs that the big money has retreated from the foreclosure boom may be good for the housing market overall. More Even if your company is 'going long,' you need to be prepared for possible suitors. More PE firms circle Yankee Candle; A few observations from the private fund space; and, Private equity's wrestling champion. More VCs need to stop blaming their IPO woes on the decade-old loss of four banks. Instead, they should look in the mirror. More The jobs report is vindication for the Federal Reserve's caution and its bond-buying spree. But those policies aren't helping those who have been out of a job the longest. More Equity-based crowdfunding has yet to take shape one year after the JOBS Act was signed. More Louis Freeh's MF Global trustee report says Corzine knew or should have known the firm was headed for a bust. More Ronald Reagan's former budget director talks about his new book, what Republicans got wrong and why private equity is the great deformation. More The SEC showed up late to the social media party with its new guidance, and investors now have more questions than answers about how companies can share material information. More A judge tossed many claims in the biggest Libor-related class action suit, but New York attorney general Eric Schneiderman has not given up his pursuit. More Using Goodfellas to understand the Dell situation; China's export boom may be a fraud; and, What happened to the Internet productivity miracle? More Aim high, seek out key networking meetings and pick yourself a winner. More Schapiro is joining the consulting firm Promontory and says she won't lobby government officials on her clients' behalf. What will she do? More How an injection of foreign investment can help any economy -- including ours. More Not all money is created equal. More Corporations get cold feet on tax reform. Also: Apple's mysterious case of the missing moonshot. More SEC identifies social media problem, but fails to propose adequate solution. More Dell's top comp is having a tough day. Could it affect the final buyout price? More Stephen George leaves Capricorn to form an alternative investment firm. More Michael Dell tells Dell employees what may come next. More Study by Princeton University economics professor letting Wall Streeters off the hook for financial crisis has a dubious premise. More From entrepreneur to EIR to... mayor? More Dell tells shareholders that it extracted a higher price from Silver Lake... and also that it's got big problems. More Also: Hedge funder quits to bet on baseball. And how TurboTax maker fought free, simple tax filings. More A new arrest at an SAC fund brings the government closer to Steve Cohen's door. Now might be a good time to become a family office in order to avoid future scrutiny. More There are signs that Spain's economy isn't performing as well as Spain's government is saying. If it's true, it's bad news for the EU. More 
.
