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Chrysler sold in unprecedented auto deal

By James R. Healey, Sharon Silke Carty, Chris Woodyard and Matt Krantz, USA TODAY German automaker DaimlerChrysler (DCX), after paying $36 billion for Chrysler in 1998, now is essentially paying a private investment company to take money-losing Chrysler off its hands. It’s a stunning reversal, just one of several stunners in a deal unprecedented in … Continue reading Chrysler sold in unprecedented auto deal

Franchise firm looks for brains. Tripod founder searches for smart ideas in untapped markets

By Greg Farrell If Tip O’Neill coined the phrase “All politics is local,” Bo Peabody has a rejoinder for the new economy: All venture capital investing is local, too. And to Peabody, that insight translates into a business opportunity. Peabody claims that in 1999, 77% of all venture funding went into areas occupied by only … Continue reading Franchise firm looks for brains. Tripod founder searches for smart ideas in untapped markets