Tuesday, May 13, 2014

Hong Kong Billionaires on Trial

Hong Kong's billionaire Kwok brothers on trial in huge graft case (via AFP)

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…

Friday, May 9, 2014

Dr. Dre Gets his Billions

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

Billionaire James Packer picks a fight on the streets of Sydney

Australian billionaire and gambling magnate James Packer got into a public fistfight with TV executive David Gyngell in Sydney.

Wednesday, April 23, 2014

Want To Become A Billionaire?

The real challenge, and the greater value and more lucrative pursuit, would be to come up with the solutions to problems that have befuddled engineers for decades or more.

Read more: http://www.businessinsider.com/billion-dollar-problems-2014-4

Saturday, March 8, 2014

Select Quotes from Warren Buffett

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

The Billionaire App Man

WhatsApp founders swap struggle for billionaire status (via AFP)

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

The Billionaire's Demands

Book Description:

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

Bullish Billionaire David Tepper Dumps Stocks

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

Sam Zell: Get to Work

Billionaire: 'One percent work harder' (via CNN Video)

Billionaire real estate developer Sam Zell says America slams the one percent because it's "politically convenient.''

Monday, February 3, 2014

Larry Ellison gets his skipper

Spithill sticks with Oracle for America's Cup (via AFP)

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

Wake Up! Marrissa Mayer

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

For Carl Icahn, Apple is a One-Decision-Stock

Icahn Increases Apple Stake With $500M More Shares (via Bloomberg TV)

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

New Billionaire: Sheryl Sandberg of Facebook

Sandberg a billionaire as Facebook shares hit new high (via AFP)

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

Mark Cuban Mouths Off Again

Mark Cuban Fined $100K (via FanIQ)

  Commissioner David Stern fined Mark Cuban $100,000 for approaching referees with inappropriate language after the Mavs blew a 17-point lead to the Clippers this past Wednesday with a loss of 129-127.   After Cuban was slapped with the fine,…

Tuesday, January 14, 2014

Beanie Babies Billionaire is a Tax Cheat

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.