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| Gulf widens between global and regional markets (AME Info) - Global market investors witnessed one of the worst environments on record in June, while MENA markets continued to highlight their own independence from the global turmoil despite some selling pressure emerging towards the end of the past month.
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| Lean times for venture-capital-backed IPOs (San Francisco Chronicle) - For the first time in 30 years, Wall Street went through a three-month period during which not a single firm backed by venture capitalists went public, prompting cries of a crisis by the association whose members' risky bets built Silicon Valley. "Venture-...
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| Zero venture-backed IPOs for the quarter (Philly.com) - As U.S. stock values fell and the cost of going public rose, small companies backed by venture-capital investors have stopped listing new shares on U.S. stock exchanges, an investors' trade group said.
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| Reuters Canada Business Summary (The Globe and Mail) - CALGARY, Alberta (Reuters) - Jazz Air LP plans to chop 5 percent of its staff in response to cuts announced last month by its main customer, Air Canada , to cope with surging fuel prices, Jazz said on Thursday.
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| Reuters Canada Business Summary (The Globe and Mail) - CALGARY, Alberta (Reuters) - Jazz Air LP plans to chop 270 jobs and reduce its capacity by 5 percent in response to cuts announced last month by its main customer, Air Canada , to cope with surging fuel prices, Jazz said on Thursday.
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| China stocks slide 3.1 pc to new 16-month low (The Economic Times) - China's main stock index sank more than 3 pc to a fresh 16-month closing low, led by financial and property shares.
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| SJM Holdings Raises $494 Million in IPO, People Say (Update1) (Bloomberg.com) - July 3 (Bloomberg) -- SJM Holdings Ltd. , Macau's largest casino operator, raised HK$3.85 billion ($494 million) in a Hong Kong initial public offering, less than the maximum amount sought, said three people familiar with the sale.
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| Risky Business: Venture Capital Crisis, or Baloney? (HispanicBusiness.com) - First came the happy news from LinkedIn , the strictly business (not social) networking Web site. Last month the Mountain View company announced a $53 million infusion led by Bain Capital that placed a $1 billion valuation on the expanding company.
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| Reuters Canada Business Summary (The Globe and Mail) - NEW YORK (Reuters) - Oil rushed to record over $145 a barrel on Thursday ahead of the Independence Day holiday, extending a rally that has added 50 percent to prices this year.
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| Risky Business: Venture capital crisis, or baloney? (San Jose Mercury News) - First came the happy news from LinkedIn, the strictly business (not social) networking Web site. Last month the Mountain View company announced a $53 million infusion led by Bain Capital that placed a $1 billion valuation on the expanding company. More venture capital news
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