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.
"In the month since I posted my Great Summer Reading list," Gates writes, "I was pleasantly surprised to see the number of people who responded with their book recommendations."
Want to innovate, want to create? The author of, "RUSH: Why We Thrive in the Rat Race" offers some advice saying it begins by getting out of the office.
Many people want to spend their later years in an environment that makes them feel like they’ve stumbled upon a secret paradise.
Shares of Warren Buffett's Berkshire Hathaway continue to rally, closing at a fresh 16-month high. Berkshire's performance will be one of the topics covered when Buffett appears live on "Squawk Box" tomorrow (Thursday) morning at 7:30 am ET.
Warren Buffett says he's not a "card-carrying" Democrat. He explains why, and covers a number of other topics, in this video of his appearance before the Economic Club of Washington.
While Mark Zuckerberg’s daily wealth gyrations may be new, the phenomena of sudden wealth loss is not. It is now part of the world of wealth, where a growing number of personal fortunes are made and lost in the volatile stock market.
In making his case, says most major wealth creation comes from doing what other people consider insufferably boring.