The Arctic contains an estimated 30 percent of the globe’s untapped gas reserves and 13 percent of its untapped oil reserves
In the luxury private-jet market, silence is golden
Unemployment benefits that boost the economy are about to expire
Fleeing authorities, the service keeps shifting its domain, from St. Maarten, to Ascension, and now to Peru
The average value of an acre of Iowa farmland is $8,716, an increase of 168 percent since 2004
At 77, a well-connected ear surgeon wants to remake an industry
Big-time players don't need big-time agencies
Northwestern's Kellogg School of Management reclaims the top stop after a two-year absence
The owner of a Portland (Ore.) auto repair shop supports progressive policies to boost consumer demand on Main Street
Francesco DeParis, 25, and Kyle Redinger, 25
The boutique investment bank, founded by two former Microsoft (MSFT) employees, specialized in negotiating mergers and acquisitions for small tech firms in new media. Co-founder Kyle Redinger said that the three-employee firm targeted deals in the $10 million to $20 million range and hoped to bring in $500,000 in revenue for 2008. Based in Charlottesville, Va., the company also hoped to start a fund to invest small amounts in startup companies.
While it still focuses on the M&A field, DeParis Redinger has put more emphasis on consulting to new media companies that are hoping to invest in new technologies and monetize their businesses better as traditional print media withers. While the climate for deals has been tougher, says Redinger, the firm has still closed deals in both the $5 million to $10 million range and the $20 million to $30 million range. Right now, revenues are on track for $500,000 in 2008.