Google CEO, wife create $25M endowment at Princeton for technology developmentOctober 13th, 2009 Google CEO creates $25M endowment at PrincetonTRENTON, N.J. — Google CEO Eric Schmidt and his wife have given $25 million to start an endowment fund at Princeton University.
Report: Stanford University portfolio shrinks 26 percent, fund value falls $5.9 billionSeptember 23rd, 2009 Report: Stanford Univ. portfolio shrinks 26 pctPALO ALTO, Calif.
Mass. prosecutors drop murder charge against 1 of 3 NY men in Harvard dorm killingSeptember 22nd, 2009 Murder charge dropped against 1 in Harvard killingWOBURN, Mass. — Prosecutors have dropped a murder charge against one of three New York men held in a fatal shooting at Harvard University.
Yale reports 30 pct drop in endowment from last year, spending cuts plannedSeptember 10th, 2009 Yale endowment falls 30 pct from year agoNEW HAVEN, Conn. — Yale University says its endowment has fallen 30.4 percent from last year, and the school is planning more budget cuts, but no layoffs.
Brown University reports steep drop in value of endowment; down 27 percentSeptember 10th, 2009 Brown University reports steep drop in endowmentPROVIDENCE, R.I. — Brown University is reporting a steep drop in its endowment.
Amid recession, Harvard University's endowment falls to $26 billion, down more than 27 percentSeptember 10th, 2009 Harvard's endowment drops sharply amid recessionBOSTON — The total value of Harvard's endowment plunged nearly 30 percent in the last fiscal year as the Ivy League institution's portfolio was battered by the worldwide recession, the university's management company said. The endowment stood at $26 billion on June 30, after distributions and donations, the university said Thursday.
Stanford University lays off more than 400 employees as value of endowment plummetsSeptember 2nd, 2009 Stanford lays off hundreds as endowment shrinksPALO ALTO, Calif. — Stanford University has laid off 412 employees over the past eight months and plans an additional 60 layoffs later this year to offset a steep drop in the value of its endowment.
China sovereign wealth fund says it lost 2.1 percent on its global portfolio in 2008August 7th, 2009 China fund lost 2.1 pct on global portfolio in '08BEIJING — China's sovereign wealth fund said Friday it lost 2.1 percent last year on its global portfolio and defended its performance as being better than other such funds amid worldwide financial turmoil. The China Investment Corp., launched in 2007 with $200 billion in assets, was the target of criticism at home after early investments in U.S.
Firm overseeing Harvard endowment _ battered by recession _ names 2 senior managersAugust 5th, 2009 Pair named to company overseeing Harvard endowmentCAMBRIDGE, Mass. — Two senior investment managers have been hired by the company overseeing Harvard University's endowment, which has absorbed a steep drop in value during the recession.
NY pension fund investments regain $6.6 billion in June quarter following year of lossesJuly 31st, 2009 NY pension fund begins reboundALBANY, N.Y. — New York's public pension fund reports regaining some of the value it lost in last year's Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.
Citing dropping endowment, Harvard to cut 275 jobs, or about 2 percent of work forceJune 23rd, 2009 Harvard to cut 275 jobs, cites dropping endowmentCAMBRIDGE, Mass. — Harvard University is cutting 275 staff jobs as fallout continues from the school's dropping endowment.
Obama nominates former GOP congressman to chair National Endowment for the HumanitiesJune 3rd, 2009 Obama picks former GOP rep to head Nat'l EndowmentWASHINGTON — President Barack Obama has nominated former Republican Rep. Jim Leach as chairman of the National Endowment for the Humanities.
GM posts $6B 1Q loss, spends $10.2B more cash than it took in as bankruptcy deadline loomsMay 8th, 2009 GM posts $6 billion loss for first quarterDETROIT — General Motors Corp. says it lost $6 billion in the first quarter and spent $10.2 billion more cash than it took in, as a sales slump cut revenue by $20 billion.
Forest Oil widens 1st-quarter loss to $1.2B on write-down, losses on investmentsMay 4th, 2009 Forest Oil widens 1Q loss on write-downDENVER — Natural gas and oil producer Forest Oil Corp. said Monday it widened its first-quarter loss because of a write-down for oil and gas properties.
Ford posts $1.4 billion loss, burns through less cash while restructuring without gov't aidApril 24th, 2009 Ford posts $1.4 billion loss, burns less cashDEARBORN, Mich. — Ford Motor Co.
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