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  • Koch launches broadside against corporate cronyism Sunday, 2 Aug 2015 | 1:30 PM ET
    David and Charles Koch

    Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.

  • WASHINGTON— Aiming to jolt the rest of the world to action, President Barack Obama moved ahead Sunday with even tougher greenhouse gas cuts on American power plants, setting up a certain confrontation in the courts with energy producers and Republican-led states. Yet it will be up to Obama's successor to implement his plan, which has faced steep Republican...

  • Uber faces the 'last 1bn person market' left Sunday, 2 Aug 2015 | 2:14 AM ET
    A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.

  • DANA POINT, Calif.— Billionaire industrialist and conservative political donor Charles Koch welcomed a group of roughly 450 like-minded fundraisers to one of his twice-annual conferences Saturday by challenging them to advocate for ending "corporate cronyism"- even if those policies help their businesses. The Koch brothers and their network of donors, many...

  • Paulson, in his first public comments since the recent price crash, said his firm, Paulson& Co. Inc., has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold. While Paulson's hedge fund was the single largest investor in the SPDR Gold Trust at the end of the first quarter, the position, now worth about $1.05...

  • WASHINGTON— Democratic presidential candidate Hillary Rodham Clinton and her husband, former President Bill Clinton, earned more than $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign on Friday. The bulk of the Clintons' income came from speeches delivered to corporate and interest groups by...

  • NEW YORK, July 31- A New York judge has narrowed the scope of a $100 million defamation lawsuit filed by billionaire hedge fund manager Louis Bacon against Canadian fashion designer Peter Nygård, part of a bitter dispute over neighboring properties they own in the Bahamas. In a decision made public on Friday, Justice Cynthia Kern in State Supreme Court in...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a 51 percent stake in its tower unit, attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier and headed by...

  • NEW YORK— In one of his first forays into policy as a presidential candidate, Republican Donald Trump calls for the deportation of all 11 million people estimated to be living in the country illegally while allowing the "really good people" to return. Deporting them all "is impractical and is opposed by a large majority of Americans," said Clint Bolick, an Arizona...

  • July 30- Virgin America Inc, a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting. Dallas, which accounts for 12 percent of Virgin America's total capacity, is the hometown of No. 1 U.S. airline American Airlines Group Inc and Southwest...

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • July 29- A federal judge has dismissed a lawsuit accusing Herbalife Ltd and its chief executive officer of misrepresenting the weight-loss and nutritional products maker's sales practices as legitimate when the company was "at its core" a pyramid scheme. The judge also said that CEO Michael Johnson's reducing his Herbalife stake by a net 12 percent over...

  • The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed electronic monitoring," meaning she can return to China. Investigators allege that Mo helped her brother and five other Chinese nationals working for subsidiaries of Beijing- based DBN Group steal patented corn seed to reproduce its...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • NEW YORK, July 28- Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. In his first public appearance since his transition, the outspoken former regulator...

  • Private jet upgrade? Some Delta fliers score big Tuesday, 28 Jul 2015 | 5:06 PM ET
    Delta private jet

    Delta Air Lines will soon begin offering a new upgrade option to select fliers that will land them a seat on a private jet.

  • CAPE CANAVERAL, Fla., July 28- Federal investigators cited inadequate training of test pilots by a Northrup Grumman Corp subsidiary on Tuesday as a leading factor behind last year's fatal crash of an experimental Virgin Galactic passenger spaceship over the Mojave Desert. The premature unlocking of the hinged tail section on Virgin Galactic's SpaceShipTwo...

  • WASHINGTON— The federal Export-Import Bank expired June 30 when Congress failed to renew its charter. Five things to know about the Export-Import Bank and its future:. The House announced plans Tuesday to pass a three-month highway extension that does not include an Export-Import Bank provision— and then adjourn for the summer.

  • NEW YORK, July 27- Allergan plc CEO Brent Saunders is ready to put the $36 billion his company will net from the sale of its generics business to Teva Pharmaceutical Industries Ltd to work, possibly with another large, "transformational" merger. As head of Actavis, he then sealed a $66 billion purchase of Botox-maker Allergan, beating out rival suitor Valeant...