Russia's economic problems make it more dependent on China
The ex-Microsoft CEO starts anew as owner of the Los Angeles Clippers, the NBA's most expensive team
What happens in the next seven days will tell us a lot about the potential risk to workers who treated Thomas Eric Duncan
Paul Budnitz is the founder of Ello, the new anti-ad, pro-porn social network for all your most pretentious friends
Defined-contribution plans aren't living up to their promise
A new book surveys the best places to hide out from the digital world
TV programmers rush to the Internet as more and more Americans are starting to watch some, if not all, of their TV shows online
Analysts worry that colleges take liberties with classes that count toward a "liberal arts education"
Small businesses are changing hands at the fastest pace since the recession
Founders: Dennis C. Bottorff, Toby S. Wilt, Greg Daily, James S. Turner, Julie D. Frist, Earl Bentz, Claire W. Tucker
Investment over the last four quarters: $25 million (from a private equity investor)
CapStar, a 47-employee bank founded in Nashville in July, raised an initial $25 million from private equity investor Corsair Capital and an additional $62.5 million in common stock. The bank, which claims to be the highest capitalized startup bank in Tennessee history, focuses on small and midsize businesses, commercial real estate, and personal banking. It estimates bringing in $1.2 million in revenues in 2008.
Key to startup success: "There are three primary decisions that were made that we believe will make CapStar successful: a well thought out business strategy; a large capital raise that enables us to focus on long-term growth; [and] selection of an experienced board of directors and management team."