Term Sheet
Following the big money from Silicon Valley to Wall Street
Chainsaw Meg: HP to cut 25,000 jobs. Also: Is Facebook the next Blackstone? More Counting down the big winners. More The turnaround at one of the nation's largest retailers is good news for Eddie Lampert and hedge funds in general. More The Facebook "sell-off" is overblown. More Facebook adds 83 million shares to IPO More M&A platform gets Silicon Valley money. More Coty's next move: Is an IPO on tap? Also: Pinterest raises $100 million. And Yahoo mulls Alibaba plan. More Three Silicon Valley insiders created an investment fund to solve the ultimate tech-boom problem: owning too much startup stock. More Is Facebook the last IPO of its kind? More J.C. Penney's announcement that it would cut its dividend was welcome news after a dismal quarter. But there was a lot more to dislike, especially CEO Ron Johnson's opacity. More Students graduating with mountains of debt this month might want to ask why their university presidents make so much money. More The mechanics of shelving the Euro for its own currency are pretty predictable. Here's what's likely to happen. More Also: Facebook increases IPO size. And Sallie Krawcheck: When high-return bank businesses go bad. More A number of funds run by former JPMorgan employees are cashing in, but not much. More Preparing to host the Democratic convention, the nation's other financial hub looks beyond its wounded institutions. More The firm's fall from grace offers a look into how the once genteel, clubby world of law firms has taken on a hustling business culture of free agent partners. More Hold your crowd-funding horses More Obama raises money from private equity, hours after bashing the industry. More Big data company raises $70 million from top VC firms. More In the first quarter of 2012, shares of companies that beat earnings expectations achieved a median two-day return of 0%. How's that for a reward? More Obama raises $2 million at fundraiser hosted by Blackstone's Tony James. Also: JPMorgan considers big London layoffs. More The Carlyle Group reports Q1 earnings. More Facebook changes some numbers ahead of its IPO More At the heart of the JPMorgan's $2 billion whale of a trading loss was a deeply flawed belief. More Products designed to track volatility may offer investors a way to profit if stocks fall. But there can be hidden risks. More Facebook set to up its price. More CEOs are pushing Congress to reach a deal on the deficit, but what about corporate America's duty to help fix the economy by hiring more workers? More Obama campaign swings and misses on Bain Capital attacks. More Sure, blame JP Morgan's traders. But don't forget what motivated them to take on extra risk -- the Federal Reserve's low interest rate policy has left banks scrambling to make up for lost income on loans. More Also: LinkedIn is not buying Monster. What Eduardo Saverin owes America. More The bank's bad bet could curtail profits for years to come More Facebook IPO helps prove a VC rule More Why can't VCs use crowdfunding? More Near zero interest rates encourage speculation, discourage savings, weaken pension funds, and put millions of baby boomers at risk. More Bash JPMorgan all you like, and feel free to snicker at the spectacle of Jamie Dimon losing his swagger. But don't confuse Morgan's mess-up with the supposed need for the Volcker Rule. More JP Morgan CEO Jamie Dimon strenuously denied that a trader's positions may have been problematic before he had investigated it. His bravado backfired. More Where do venture capital's real problems lie? More Whether or not the Supreme Court rules in favor of the president's health care plan, companies are going to find a way to cut costs. More JPMorgan details its $2 billion disaster. Also: FTC probes FB-Instagram deal. Global investor poll: Obama tops Romney. More The new leaders in France and Greece should reassure the markets that they're willing to work within the existing framework of agreements and that they're committed to the euro. More Government plan for troubled banks involves a temporary take-over by Uncle Sam. More If you default on your payments, the federal government may hit you with a 25% sledge-hammer. And it's entirely legal. More Israeli venture capitalist heads to London. More Visa racked up 45.4% returns for shareholders last year. What other Fortune 500 companies saw handsome returns? More Facebook: Yes, mobile is hurting ad revenue. Also: Was Zynga's deal for OMG POP that disastrous? More The biggest venture capital firm gets bigger. More America's largest public pension cuts a big check. More Amid an economy full of imbalances, it's hard to read too much into the consumer credit report that shows Americans are borrowing more. More Morgan's Gorman and Citigroup's Pandit follow close behind. More But make no mistake --despite the VentureBeat headline-- not all venture capitalists are turning their backs on China More Europeans are rejecting austerity measures in favor of growth policies. Unfortunately, the terms are too often misunderstood. More Corporate tax reform could raise rates on PE-backed companies More Shareholders were kept out of Wells Fargo and Peabody Energy's annual meetings, in what has been a concerning trend this proxy season. Will we see a repeat at Bank of America? More Business and military leaders discuss how corporations should help the current generation of long-serving veterans enter the workforce. More The U.S. government is sill unloading its huge stake in AIG. But why must it offer discounts? More Wells Fargo isn't done paying for the mess it made in the mortgage market. More The chief investment strategist of Wells Capital Management on why investors shouldn't panic and why the 'new normal' is 25 years old. More Several major companies are seeing shareholders take steps to monitor corporate political spending, but at WellPoint board members up for reelection are facing a no vote campaign. More Not all Internet juggernauts are the same. More Also: U.S. could profit $15 billion on AIG rescue. Political feud sinks Obama's Fed nominees. More Israeli venture capitalist moves on. More Big kudos to NY Times scribe Kevin Roose, who has created a Pinterest page titled "Warren Buffett doing folksy things." More Audience hit with patent infringement suit on its way to the NASDAQ. More Former Citigroup CEO Sandy Weill, who pushed to repeal the Glass-Steagall Act, is among those blamed for the financial crisis. Today Weill says it's time to stop blaming and instead focus on the future. More It's a long way from an entrepreneur's "idea" to a working product with a real market and paying customers. More Facebook kicks off its IPO roadshow. More Private equity giant leaves list it shouldn't have ever been on. More John Arnold was once considered one of the world's top commodities traders. Now the 38-year old is leaving the business. More The star of Facebook's slickly produced roadshow video isn't Mark Zuckerberg or even Sheryl Sandberg. It's a 29-year-old the world knows little about. That's about to change. More New French President Francois Hollande will certainly give German Chancellor Angela Merkel a headache. But Germany's power over Europe remains relatively unchallenged. More The maturation of Mark Zuckerberg. Also: The Carlyle Group's playbook. This weekend in Yahoo. More A small group at Berkshire's meeting wishes Warren Buffett would keep quiet on taxes. More Analyst, shunned from annual meeting, says S&P is the better buy. More Global businesses have placed bets on China as a stable source of growth for the foreseeable future. Bo Xilai and Chen Guangcheng serve as unwelcome reminders: Don't assume anything. More A new report authored by a Federal Reserve president says unemployment cannot fall to pre-recession levels without an inflationary impact. So get used to high unemployment. More America's largest public pension closes in on a major agreement. More Tech banker leaves BofA. More Facebook expects a valuation of as much as $96 billion. That implies some lofty revenue growth figures. More Financial executives are worried about tougher regulations should Socialist leader Francois Hollande win the French presidential election. They should be. More The hedge fund manager has a string of hits in 2012. More Investors are ignoring a key source of income, and that means shares aren't getting the respect they deserve. More Facebook takes its next step toward its IPO. More Facebook may have set an IPO range More The economic argument for a major expansion in drilling is alive and well, contrary to what President Obama says. More Venture capital goes an ugly shade of green. More Private equity firm begins trading on the NASDAQ. More Rents are soaring, and that's bad news for inflation -- and for Federal Reserve chairman Ben Bernanke's plans to keep it low. More Also: How the Big Mac explains global economics. And Dewey & LeBoeuf is running out of options. More House budget chairman Paul Ryan once credited the philosopher Ayn Rand for guiding him to public service. Now he's realizing she can be as much a curse as a blessing. More The Carlyle Group's IPO underwhelms. More Looking for a corporate feel-good story? UTC's Employee Scholar Program just hit a major milestone. More A NBER study finds that most corporate deals turn out badly. More Credit card lending and home equity lines of credit cut by big banks in the first quarter. More Valuing private equity's technology specialist. More Also: Occupy Wall St. is back, but does anyone care? And WaPo circles Digg's tech team. More San Diego startup is creating a Coinstar for mobile phones. More Latest wave of financial industry cuts could eliminate 21,000 jobs, rivaling the financial crisis. More 
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