Roundup: MySpace to launch music service, Wall Street firms crumble and more

Roundup: MySpace to launch music service, Wall Street firms crumble and more

MySpace to launch free digital music service – MySpace Music sounds interesting, but it may not quite live up to Fortune’s declaration that it “promises to be the most significant roll-out of a digital music service since Apple’s iTunes.” Since you have to purchase songs from… Continue Reading

UBS, Merrill-Lynch and others hit start-ups with securities mess

UBS, Merrill-Lynch and others hit start-ups with securities mess

In recent weeks, we’ve been hearing reports that some banks are charging Silicon Valley start-up clients high rates to borrow funds after getting hit by the auction-rate securities mess.

One upset venture capitalist complained to me that UBS charged one of his companies a 9.1 percent… Continue Reading