A blockbuster corruption trial involving Hong Kong property tycoons Thomas and Raymond Kwok got under way Thursday, with all five defendants pleading not guilty to bribery charges. The billionaire Kwok brothers, who jointly chair development giant Sun…
Tuesday, May 13, 2014
Friday, May 9, 2014
Dr. Dre just became hip-hop's first billionaire.
Apple has made it rain billions of dollars on fancy headphone outfit Beats by Dre. Apple is ready to spend $3.2 billion to buy Beats, AT&T's streaming music partner.
Wednesday, May 7, 2014
Wednesday, April 23, 2014
Read more: http://www.businessinsider.com/billion-dollar-problems-2014-4
Saturday, March 8, 2014
The PowerTrend Profits investing newsletter identifies some favorite quotes by Warren Buffett:
"The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch."
"'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
"The best thing that happens to us is when a great company gets into temporary trouble... We want to buy them when they're on the operating table."
"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
Saturday, February 22, 2014
Jan Koum, an immigrant from Ukraine, was so poor as a teenager that he used saved old Soviet notebooks for school and queued with his mom for food stamps. Brian Acton lost a small fortune in the dot-com bust and was rejected for jobs at Twitter and…
Wednesday, February 19, 2014
Booth Harrison has made a habit of getting what he wants, be it a new addition to the Harrison media empire, or a better relationship with his half-brother. But meeting his brother’s new sister-in-law, Camryn McBride, poses a new challenge. The savvy CFO of McBride Media has a brain he wants to pick…and a body he needs to claim.
Camyrn has spent the past few years helping to rebuild her family’s magazine company, focusing on that rather than her disastrous personal life. But when Booth Harrison invites her to be the keynote speaker at a sales conference in Hawaii, she’s tempted to combine business with pleasure.
But meeting the billionaire’s demands won’t be easy, because someone doesn’t want a merger between them to happen.
The Billionaire's Demands
Monday, February 17, 2014
As reported on his recently released 13F for Q4 2013, David Tepper liquidated the following stocks:
- US Airways ($178 million, 9.4MM shares)
- Dow Jones DIA ETF ($151 million, 1MM shares)
- Hertz ($33 million, 1.5MM shraes)
- Bank of America ($31 million, 2.2K shares)
- Sandisk ($25 million, 425K shares)
Friday, February 7, 2014
Monday, February 3, 2014
Jimmy Spithill will seek an America's Cup treble with Oracle Team USA, sticking with the team he led from the brink of defeat to triumph on San Francisco Bay last year. Oracle announced on Monday that the 34-year-old Australian had re-signed with the…
Wednesday, January 29, 2014
As reported this month, Yahoo's core businesses show little improvement after a release of financial statements indicating lower earnings and sales.
Search ads are down 4% and Yahoo! stock is off 6% over the past 12 months!
Wake Up! Marrissa Mayer!
Tuesday, January 28, 2014
Jan. 28 (Bloomberg) -- Bloomberg's Scarlet Fu reports that billionaire investor Carl Icahn has purchased another $500 million in Apple shares on Bloomberg Television's "Market Makers."
Wednesday, January 22, 2014
Facebook shares climbed to a new high on Tuesday, catapulting chief operating officer Sheryl Sandberg onto the roster of tech billionaires. Shares of the world's leading social network closed the Nasdaq trading day at $58.51, shedding a few cents in…
Monday, January 20, 2014
Tuesday, January 14, 2014
Ty Warner, the billionaire behind Beanie Babies, will find out this week how bad his sentence will be when a federal judge sends him behind bars to cry like a baby for up to five years for evading taxes on $25 million in income.