UPDATE 1-Nippon Life to take stake in Russell - sources

By Taro Fuse

TOKYO, July 22 (Reuters) - Japan's Nippon Life Insurance plans to invest about 30 billion yen ($282 million) in Russell Investments and form a business alliance with th ...[more]

Paragon discussing Blackstone takeover offer - report
) is in talks with the US private equity firm Blackstone () about a possible takeover offer, the Financial Times reported.

The FT said the talks were being led by David Blitzer, th ...[more]

VCs delay expectations on start-up returns -study

Venture capitalists provide financing to entrepreneurs and expect to make several times their investment when these start-ups go public or are sold to a bigger competitor.

But the m ...[more]

Tribune trims list of Cubs bidders: sources

Of the 10 groups approved to bid for the Cubs by Major League Baseball, only those that bid $1 billion or more for the team, its home ballpark Wrigley Field and a stake in a regional sports T ...[more]

UPDATE 1-Tribune trims list of Cubs bidders - sources

By Ben Klayman

CHICAGO, July 23 (Reuters) - Tribune Co on Wednesday narrowed the potential list of bidders for the storied Chicago Cubs baseball team to 3-5 groups bidding $1 billio ...[more]

Private social network Facebook to go Web wide

Mark Zuckerberg, 24, told an audience of 1,000 industry executives, software makers, media -- and his mother and father -- at Facebook's annual conference of how the company's features will r ...[more]

Goldman $10 billion fund to invest in LBO loans: report
) has raised $10 billion to create a fund that will invest in loans used to back leveraged buyouts and take advantage of a gap in the markets caused by the credit crisis, according to a Financial T ...[more]
UPDATE 2-Chrysler to cut 1,000 jobs; liquidity unchanged

By Poornima Gupta

DETROIT, July 23 (Reuters) - Chrysler LLC said on Wednesday it plans to cut 1,000 white-collar jobs by the end of September to slash costs and survive a deep indus ...[more]

PREVIEW-Ford seen reporting Q2 loss, outline car plans

DETROIT, July 23 (Reuters) - Ford Motor Co () on Thursday is expected to detail plans for building more fuel-efficient cars in North America and expand its buyout program for hourly workers ...[more]

UPDATE 1-ProxyMed files for Chapter 11 reorganization

NEW YORK, July 23 (Reuters) - ProxyMed Inc PILL.O, a medical information technology company that also operates as MedAvant Healthcare Solutions, filed for Chapter 11 reorganization on Wednes ...[more]

Chrysler to cut 1,000 jobs, liquidity 'unchanged'

The privately held automaker, now controlled by Cerberus Capital Management [CBS.UL], also said its liquidity position through June had remained "unchanged" since December 2007 "as a result ...[more]

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