‘Get out of trash. There’s still a lot of money in cash.’ Ray Dalio If there are investors who believe cash is king amid this market bull run, they ought to think again, suggests Ray Dalio. The billionaire founder of the hedge fund Bridgewater Associates said during a CNBC interviewRead More →
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98. He wasRead More →
By Joyce Lee SEOUL (Reuters) – The founder of the defunct Daewoo Group, Kim Woo-choong, has died after watching the conglomerate he built into a symbol of South Korea’s manufacturing prowess become one of its biggest corporate failures, crushed by debt. Kim, who died on Monday at 83 after battlingRead More →
© Reuters. John Kapoor arrives at the federal courthouse in Boston BOSTON (Reuters) – A federal judge on Tuesday partially overturned the conviction of Insys Therapeutics Inc’s founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury’sRead More →
‘“I really strongly believe that capitalism as we know it is dead…that we’re going to see a new kind of capitalism and that new kind of capitalism that’s going to emerge is not the Milton Friedman capitalism that’s just about making money.’ Marc Benioff Salesforce.com Inc. CRM, +0.56% co-CEO MarcRead More →
The founder of the notorious 8chan website called Sunday for it to be shut down amid suspicions that a gunman posted a racist, anti-immigrant manifesto minutes before the bloody rampage that killed 20 people in El Paso, Texas. Fredrick Brennan told the Washington Post that the site’s owners should “doRead More →
© Reuters. FILE PHOTO: Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting in New York By Dan Whitcomb LOS ANGELES (Reuters) – Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trialRead More →
© Reuters. FILE PHOTO: British entrepreneur Mike Lynch leaves the High Court in London By Paul Sandle LONDON (Reuters) – Mike Lynch, once hailed as Britain’s answer to Bill Gates, denied all claims against him on Wednesday when he kicked off what is expected to be a month-long testimony inRead More →
© Reuters. Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai (Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving India on Saturday at Mumbai airport, according to an airport official who asked not toRead More →
© Reuters. FILE PHOTO: Logo of Huawei is seen at VivaTech fair in Paris By Kanishka Singh (Reuters) – Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions. In remarks toRead More →
Getty Images Angelo Mozilo, founder and former CEO, Countrywide Financial Corporation, testifies during a House Oversight and Government Reform hearing on Capitol Hill March 7, 2008 in Washington, DC. Angelo Mozilo is done being the villain. Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgracedRead More →
© Reuters. Rice Energy founder to drop lawsuit against energy producer EQT By David French (Reuters) – Toby Rice, the co-founder of Rice Energy which was acquired by EQT Corp (NYSE:) in 2017, will drop his lawsuit against EQT after the U.S. oil and gas producer said it was notRead More →
© Reuters. FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London By Noor Zainab Hussain (Reuters) – British fashion retailer Ted Baker named a company veteran as its boss on Thursday, also introducing changes to workplace standards as it looked to draw a line underRead More →
© Reuters. FILE PHOTO: A woman walks past a window display at a Superdry store in London (Reuters) – The founder and former boss of Superdry, Julian Dunkerton, is set to return to the board of the British fashion group after winning the support of shareholders by a narrow margin,Read More →
© Reuters. FILE PHOTO: Huawei Technologies Co Chief Financial Officer Meng Wanzhou arrives back at home after her court appearance in Vancouver OTTAWA (Reuters) – Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou had been looking for another job when she was arrested in Canada last December on aRead More →
© Reuters. Ted Baker founder and CEO Kelvin quits after misconduct allegations By Noor Zainab Hussain (Reuters) – Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday following misconduct allegations related to his hugging of business colleagues. Ted Baker had announced an independentRead More →
© Reuters. FILE PHOTO: Handout of Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO) (Reuters) – Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated. “Firstly, I object to what the U.S. has done. ThisRead More →
Bloomberg Never one to shy away from a big bet, crytpo evangelist Patrick Byrne has some bold plans for his company in the distributed-ledger field. The founder and CEO of Overstock.com OVER, +5.31% and the chairman of tZero, a subsidiary of Medici Ventures, is going all-in on blockchain technology, havingRead More →
© Reuters. FILE PHOTO: Bogle, founder and retired CEO of The Vanguard Group, speaks during the Global Wealth Management Summit in New York By Ross Kerber (Reuters) – John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now theRead More →
