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  • *Demise of BHS "the unacceptable face of capitalism". LONDON, July 25- Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers said, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the...

  • LONDON, July 25- Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said, calling the collapse of the British stores group "the unacceptable face of capitalism." Billionaire Green owned BHS for 15 years before he sold the loss-making chain of 180 stores to...

  • July 23- Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the...

  • Jeff Bezos

    Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company.

  • A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. Bloomberg News, which reported earlier that Verizon was nearing an agreement to buy the Yahoo assets, cited an anonymous source...

  • NEW YORK— A rough day on Wall Street for Warren Buffett means Amazon's Jeff Bezos is now the third richest person in the world. Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company, Berkshire Hathaway. Bezos lost $136 million, but at the end of the day Bloomberg said his $65.1 billion net worth...

  • Valeant Pharmaceuticals said U.S. regulators have raised concerns over a new eye drop manufactured at a Bausch + Lomb facility in Florida.

  • July 22- Valeant Pharmaceuticals International said on Friday U.S. regulators have raised concerns over a new eye drop manufactured at a Bausch+ Lomb facility in Florida. The U.S. Food and Drug Administration, in a complete response letter regarding the eye drop for a type of glaucoma, raised concerns over Current Good Manufacturing Practice at the unit.

  • July 21- PulteGroup Inc said on Thursday it has appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after Chairman and CEO Richard Dugas announced his resignation, effective May 2017, bowing...

  • July 21- PulteGroup Inc said it appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after its chairman and CEO, Richard Dugas, announced his resignation, effective May 2017, bowing to a demand...

  • *Board approves $1 bln increase in share buyback. The appointment comes as the company searches for a new chief executive after its chairman and CEO, Richard Dugas, announced his resignation, effective May 2017, bowing to a demand from founder and largest shareholder Bill Pulte. PulteGroup appointed John Peshkin, Scott Powers and Joshua Gotbaum as independent...

  • PulteGroup said it appointed John Peshkin, Scott Powers and Joshua Gotbaum as independent directors, expanding the board's size to 13.. Peshkin is a managing partner at private real estate investment group Vanguard Land LLC, while Scott Powers most recently was the executive vice-president of financial services company State Street Corp. Joshua Gotbaum...

  • ROCHESTER, N.Y.— Billionaire businessman Thomas Golisano has donated $2 million to a public broadcasting operation in his upstate New York hometown. WXXI President and CEO Norm Silverstein announced Wednesday that Golisano's gift will help assure that public broadcasting will serve the Rochester area "for many years to come." Golisano is founder and...

  • ATLANTIC CITY, N.J.— With a strike against the Trump Taj Mahal casino about to enter its fourth week and no end in sight, Atlantic City's main casino workers union turned up the heat Thursday, surrounding the massive gambling hall with hundreds of picketers, some traveling hundreds of miles to support the walkout. Picketers from unions in Baltimore, Washington, New...

  • SAO PAULO, July 20- Mexico's stock market rallied for a fifth straight day on Wednesday, but its peso currency weakened on concerns over higher U.S. interest rates. Federal Reserve could raise rates as soon as September after a muted market reaction to Britain's decision to leave the European Union weighed on the Mexican peso. "Stock markets are brushing over the...

  • CLEVELAND— With Donald Trump's campaign reeling from charges of plagiarism, a speechwriter for his company took the blame and offered to resign over nearly identical passages from Melania Trump's Republican convention speech and Michelle Obama's remarks eight years ago. The speechwriter, however, made it clear that Melania Trump knew that the passages she...

  • LONDON— Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Luke Ellis will replace Roman at Man Group, one of the world's largest publicly-traded alternative asset managers. "Man Group is an excellent business and I am sad to be leaving, but I have decided to accept this new, outstanding...

  • *IPO would be largest in China's cinema industry. The China unit of state-owned China Film Group Corp plans to issue up to 467 million shares in Shanghai, representing 25.01 percent of its issued share capital, according to its prospectus filed with the Shanghai bourse. Fueled by a growing urban middle class, China's movie industry saw box office revenue...

  • NEW YORK, July 19- Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. Gawker, a U.S. internet publisher, filed for Chapter 11 bankruptcy protection in June after...

  • ALBUQUERQUE, N.M.— The head of the New Mexico Spaceport Authority said Tuesday she will resign, saying she still believes in the commercial space industry and that Spaceport America has a role to play despite criticism that flights filled with paying passengers have not yet lifted off from the remote desert site. Susana Martinez obtained by The Associated...