By Dominic Jones | Published: December 11, 2006 | 
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News Digest for December 11, 2006
There are 7 items… VC rises to dotcom bubble levels | SEC more in tune with European companies | SEC Delays Proxy Access Again | New Online Activities Show Greatest Growth | The price of a tarnished image | Countdown to compliance: The transparency directive | Nasdaq’s CEO ‘does not know how to calculate gross profit margin’
VC rises to dotcom bubble levels
The volume of money invested globally in venture capital is set to top $32bn this year, more than has been seen for four years, putting investments closer to levels seen during the dotcom bubble, research by consultancy Ernst & Young has found.
SEC more in tune with European companies
For over two years, lobbyists for Europe’s biggest companies have been urging US regulators to unlock “Hotel California” – a reference to The Eagles’ song describing a hotel “you can check out anytime you like, but you can never leave”.
SEC Delays Proxy Access Again
With this latest delay, it is less likely that the SEC’s staff will grant requests by Hewlett-Packard and other firms to exclude shareholder proposals for the 2007 season that seek to establish procedures to allow shareholders to nominate directors, access proponents and governance observers say.
New Online Activities Show Greatest Growth
Relatively new Internet activities such as blogs, video, and phone calls are the fastest-growing in terms of usage, though old standby services like e-mail and shopping continue to dominate Internet users’ time.
The price of a tarnished image
BP’s IR team is well aware of the power of perception in the oil business. Hall thinks of reputation as a fundamental business driver for BP. ‘This is why, when something goes wrong, you have a major problem to address. Every company is one headline away from the next disaster.’
Countdown to compliance: The transparency directive
“Wherever competing professional information providers start handling the dissemination of regulatory information, the rates go down.”
Nasdaq’s CEO ‘does not know how to calculate gross profit margin’
The humiliating admission, from Bob Greifeld, came under oath during a case in the New Jersey Superior Court where he filed a lawsuit against a company that organised a reunion for his family in a castle in Ireland, The Times reported.
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- Who said the sell-side is dead?
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