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 NEW YORK (AP) - The days when investment banks would spend time wooing big investors over a leisurely meal, with booze and cigars afterward, may be on their way out.
Now, firms such as Germany's Dresdner Kleinwort can play matchmaker through "speed investing" sessions. It may not be as genteel, but it gives European companies like Lloyds TSB and retailer Burberry a chance to woo deep-pocketed American investors.
Wall Street's twist on speed dating allots companies about 20 minutes to sell themselves before mutual funds and other institutional investors. A buzzer rings, time is up, and they all switch tables.
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