Kleiner Perkins Caufield Byers

Twitter is mulling a new round of funding that could value the company at over $3 billion. This news comes just as Google is in negotiations to buy Groupon for as much as $6 billion. Other large Web 2.0 companies have also been given lofty valuations as well.

Amazon.com Inc. and Facebook are among partners in a $250 million fund run by venture capital firm Kleiner Perkins Caufield & Byers that will support entrepreneurs creating social-media applications and services.

In the midst of the worst automotive industry crisis in a generation, Louisiana Gov. Bobby Jindal is announcing today that a new car company will build an almost one million square-foot plant in Monroe, in the northern part of the state. The company, identity to be revealed, is rumored to be...