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CSFB -52.78% 9.87% AG Edwards -0.75% 1.59% Salomon SB -43.04% -0.27% Merrill Lynch -37.11% -2.72% Morgan Stanley...
...With a deal announced Monday between three of the music business's Big Five (Bertelsmann AG, EMI Group and AOL Time Warner, parent company of this writer) and tech outfit RealNetworks to create a pay-for-play service called MusicNet, the industry headed into a Senate Judiciary Committee hearing on online entertainment Tuesday feeling ready to face the future...
...emerged a vastly different landscape, where Old Economy companies, values and business fundamentals like real revenues and profits have reasserted themselves, and where risk and euphoria have been displaced by disillusionment, caution and blame. "It was an expensive lesson," says Bernd Hardes, a venture capitalist who co-founded ECONA AG in Berlin. Says Elserino Piol, president of Italy's Pino Venture Partners: "We've come to the end of the pioneer cycle." Venture capitalists are at the heart of that change. Before the markets turned south, such folks had a clear, highly lucrative exit route from almost any dotcom...
...chance to speak with Allegra Goodman '89 about her new novel, Paradise Park. Allegra Goodman: It's nice to talk to someone from The Harvard Crimson. I miss being in college. I loved Harvard. It was so much fun.The Harvard Crimson: When did you decide to become a writer?AG: I pretty much decided when I was a little girl. By the time I got to Harvard I was writing pretty seriously. I really thought of myself as a writer in college. My first book was a book of short stories, Total Immersion. I wrote most of that when...
...AG ROLLS UP HIS SLEEVES (3/11/01) Saying he is "troubled" by President Clinton's pardons, Attorney General John Ashcroft announces that the Justice Department will review its pardon procedures to ensure that crime victims and federal prosecutors are made aware of pardon or commutation applications. Meanwhile, pledging continued investigations into the pardons, Senate Majority Leader Trent Lott says Congress must not "walk away" from the work left to be done...