Mark Zuckerberg took to his Facebook page on Wednesday to share an update of his progress and the limitations of artificial intelligence.» Read More
SAN FRANCISCO, Oct 24- Billionaire hedge fund manager Tom Steyer says he will focus on pushing California toward an alternative energy future when he steps down from the company he founded, Farallon Capital.
NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace for a man whose good deeds worldwide brought him leniency after he was convicted of feeding inside information about board dealings to a billionaire hedge fund owner who was his friend.
Only the Bill Gates or the Warren Buffetts of the world could come up with the breathtaking sum an appeals court demanded Jerome Kerviel reimburse to Societe Generale as punishment for committing one of the biggest trade frauds in history. I think the judgment is protecting Societe Generale. "
Rajat Gupta faces up to ten years in prison for his conviction on insider trading charges. But if an outpouring of support from well-known friends and colleagues holds any sway with U.S. District Judge Jed Rakoff, the former Goldman Sachs director and chief of McKinsey & Company could receive a shorter sentence when he appears in court this afternoon.
NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member convicted of insider trading will serve up to 10 years in prison if the government has its way but will face no more than community service if a judge is persuaded by defense arguments.
OLYMPIA, Wash.-- Bill and Melinda Gates have donated $500,000 to the campaign to uphold Washington state's gay marriage law. The donation was announced Tuesday by Washington United for Marriage, which is working to approve Referendum 74. The donation was made on Oct. 15, but didn't publicly post online with the Public Disclosure Commission until Tuesday.
District Judge Jed Rakoff, who this year presided over the trial in which Rajat Gupta was convicted. Gupta, a 63- year-old former board member for Goldman and Procter& Gamble Co., faces sentencing Oct. 24.
The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.
*Convicted in June for leaking Goldman Sachs secrets. NEW YORK, Oct 12- Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a U.S. judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month.
Oct 12- Cleaning services company Ecolab Inc. St. Paul, Minnesota- based Ecolab will pay about $1.7 billion in cash and issue about 8 million shares to Champion, subject to certain adjustments at and after closing. Houston- based Champion, whose competitors include Schlumberger NV, Halliburton Co and Baker Hughes Inc, had sales of $1.2 billion last year, Ecolab said.
TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.
SEATTLE, Oct 9- Microsoft Corp Chief Executive Steve Ballmer has signaled a new direction for the world's largest software company, pointing to hardware and online services as its future, taking a page from long-time rival Apple Inc.
SEATTLE, Oct 9- Microsoft Corp Chief Executive Steve Ballmer got a lower bonus than last year's, partly for flat sales of Windows and his failure to ensure that the company provided a choice of browser to some European customers.
ABU DHABI, United Arab Emirates-- Microsoft founder and billionaire Bill Gates on Tuesday ruled out running for office, choosing not to join the parade of rich businessmen who have tried their hand at politics.
PARIS, Oct 7- The chief executive of French luxury group LVMH, Bernard Arnault, is set to be knighted in London for his contributions to the British luxury industry, an LVMH spokesman said on Sunday. With the knighthood, Arnault will join such personalities as Bill Gates, Stephen Spielberg and Placido Domingo, all of whom have been similarly honored.
Oct 5- Amazon.com Inc said on Friday it will spend over $1 billion to buy its Seattle corporate headquarters in what will be the United States' biggest commercial real estate deal so far this year for a single location.
Oct 5- Amazon.com Inc said on Friday that it will spend more than $1 billion to buy its corporate headquarters in Seattle from Microsoft Corp co-founder Paul Allen's investment firm. Amazon said it expects to close the deal in the fourth quarter.
According to Bill Gates, nearly 2.6 billion people, 40 percent of the world's population, do not have access to clean sanitation. This results in the deaths of approximately 1.5 million children under five every year. The problem is that the modern toilet, whose design and technology has not changed much since its conception in 1775, requires a lot of water and energy, both of which are in short supply in much of the developing world.
TrueCar.com, an automotive information website, conducted a study of the most popular vehicles in the most affluent zip codes. Check out what they found.
An analysis of the billionaire signers of the Giving Pledge shows that most of them are bankers and financiers who are older than 65 and give to health and education causes.