Many big-money clients- representatives of wealthy families, endowments and private investment firms in New York, London and Geneva- came to the Morgan Stanley Hedge Fund Forum at the $1,000- a-night Breakers Palm Beach resort in a sour mood, hurt by their hedge fund investments last year and so far in January. The Breakers gathering, in its 18th year, once again...
WASHINGTON, Dec 7- The U.S. Transportation Department said Monday it will award up to $40 million to a mid-size U.S. city to pilot efforts to use technology to reduce congestion and speed traffic. The full $40 million is contingent on Congress approving funding in future budget years. Congress declined to boost gasoline taxes to pay for additional repairs, opting...
CAPE CANAVERAL, Fla., Nov 19- United Launch Alliance, a joint venture of Lockheed Martin and Boeing, said Thursday it will jump into the booming market for miniature satellites known as CubeSats, officials said. Companies developing small satellite networks include Google's SkyBox Imaging, BlackSky Global, which is backed by Paul Allen's Vulcan Capital, Planet...
CAPE CANAVERAL, Fla., Nov 4- An experimental rocket built by Aerojet Rocketdyne Holdings Inc failed its debut flight, a setback for a U.S. military initiative to develop a low-cost, on-demand small satellite launcher, officials said on Wednesday. The three-stage, solid-fuel Super Strypi was developed in partnership by the U.S. Department of Energy's Sandia...
WASHINGTON, Oct 5- The U.S. Supreme Court on Monday rejected a bid by Microsoft Corp co-founder Paul Allen to revive several patent claims against AOL Inc, Apple Inc, Google Inc and Yahoo Inc over software pop-up notifications. The patents, held by Allen's Interval Licensing, relate to the pop-ups that computer and smartphone users regularly see.
WASHINGTON, Oct 5- The U.S. Supreme Court on Monday rejected a bid by Microsoft Corp co-founder Paul Allen to revive several patent claims against AOL Inc, Apple Inc, Google Inc and Yahoo Inc over software pop-up notifications. The Supreme Court left in place a September 2014 ruling by the U.S. Court of Appeals for the Federal Circuit in Washington.
CAPE CANAVERAL, Fla., Sept 15- Amazon founder Jeff Bezos unveiled plans on Tuesday to build a rocket manufacturing plant and launch site in Florida to better compete with fellow billionaires using their fortunes and tech prowess to open a new frontier in human space travel and exploration. Bezos' space startup, Blue Origin, intends to invest more than $200 million...
CAPE CANAVERAL, Fla., Sept 15 (Reuters)- Amazon founder Jeff Bezos unveiled plans on Tuesday to build a rocket manufacturing plant and launch site in Florida to better compete with fellow billionaires using their fortunes and tech prowess to open a new frontier in human space travel and exploration. Bezos' space startup, Blue Origin, intends to invest more than $200...
Paul Allen has mansions, yachts and sports teams. He's now added a production company, and it's tackling the subject of Ebola.
Microsoft billionaire Paul Allen has ramped up his commitment to fight Ebola in a big way, reports "Squawk Box's" Joe Kernen.
The former Microsoft chief says that his record price for the Los Angeles Clippers was a smart investment.
A Boeing executive says space exploration must be resold to the public in these days of tight budgets and declining interest.
Snatched from IBM forevermore the lead position in designing software for PCs, with the dominant operating system, productivity software and browser.
Microsoft's next leader should consider spinning off consumer businesses such as search advertising and the Xbox games console, Paul Allen said. FT.
The world’s super yachts are some of the biggest and most expensive toys of the super rich. Which super yachts rank as the largest in 2013? Click ahead to find out!
So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.
Led by Microsoft founder Paul Allen, the super-rich have brought their supersized boats to serve as party platforms and traffic-beating transportation during the Olympics.
Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?
Check out some of the billionaires from all over the world who have added a major sports team or two to their portfolios.
From computers to cruise lines, these 10 CEOs made it to the top without a college degree and defied the idea that to be successful, you have to have a diploma.