Billionaires Richard Branson

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  • CHICAGO— British billionaire Richard Branson says if kids are going to smoke marijuana, their parents should join them. The Chicago Tribune reports the Virgin Group founder told an audience of entrepreneurs in Chicago on Tuesday that if their kids are "going to have a joint, do it with them." He adds, "Don't let them sneak off and do it on their own.

  • 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...

  • FARNBOROUGH, England, July 13- Airbus sought to reassure investors on Wednesday that its decision to cut production of the world's biggest passenger jet, the A380, would not badly hurt the group, while bracing for fresh losses on a second flagship European project. Airbus Group CEO Tom Enders said the company remained optimistic about long-term prospects for...

  • FARNBOROUGH, England, July 13- Airbus's decision to cut production of the world's biggest passenger jet, the A380, will not drive the programme massively into the red, the European planemaker's group chief executive said on Wednesday. Tom Enders added that Airbus remains optimistic about the long-term prospects of the double-decker, 544- seat A380, and hopes to...

  • *Targets delivery of 12 A380s a year from 2018. FARNBOROUGH, England, July 12- Europe's Airbus on Tuesday cut the delivery target for its A380 superjumbo to 12 a year from 2018, down from 27 in 2015 and about half what is projected for this year, to prevent a glut of unsold planes as airlines shun the industry's behemoths. It announced the cutback late on the second day...

  • FARNBOROUGH, England, July 11- Virgin Atlantic signed a deal on Monday to buy 12 Airbus A350-1000 aircraft in a $4.4 billion order which will help the UK- based airline modernise its fleet, though a plan to buy A380 superjumbos remained on the backburner. Virgin Atlantic said it still had options to buy six Airbus A380s although industry sources have told Reuters...

  • FARNBOROUGH, England, July 11- Virgin Atlantic signed a deal to buy 12 Airbus A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet. The airline, 51 percent- owned by its billionaire founder Richard Branson and 49 percent- owned by U.S. carrier Delta Air Lines, said the new aircraft would be powered by...

  • *Europe presses Britain to trigger exit to end uncertainty. *Merkel says Britain cannot cherry-pick on EU ties. LONDON/ BRUSSELS, June 28- European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.

  • *Europe presses Britain to trigger exit to end uncertainty. *Merkel says Britain cannot cherry-pick on EU ties. LONDON/ BRUSSELS, June 28- European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.

  • LONDON, June 28- Britain is heading for an economic disaster and Chinese investors have already pulled investments in the wake of Britain's vote to exit the European Union, Richard Branson, the boss of Virgin Group said. He also said some Chinese businesses were now reconsidering their business strategy in Britain. Warren East, chief executive of Rolls-Royce,...

  • NEW YORK, June 28- Among the wealthy, there is new money and old money. Lorenzo Borghese's noble family traces all the way back to Siena, Italy in the 1100 s, where they were wealthy bankers. What is interesting about her is that she was the first person in Italy who had a noble title who started working.

  • We should vote to remain: Virgin Money CEO

    Jayne-Anne Gadhia, CEO of Virgin Money, explains why she believes the U.K. should vote to remain a member of the EU in this week's referendum.

  • MOJAVE, Calif., June 20- A space launch company bankrolled by Microsoft Corp co-founder Paul Allen intends to compete with space entrepreneurs and industry stalwarts by launching satellites into orbit from the world's biggest airplane. Stratolaunch Systems, a unit of Allen's privately owned Vulcan Aerospace, last week gave a small group of reporters a first...

  • Jeff Bezos, Amazon.com founder and CEO

    Jeff Bezos spoke Tuesday about his plans and dreams for space, and what it is holding back the industry from the final frontier.

  • Richard Branson disappointed about Virgin America sale

    The airline's founder says there was nothing he could do to stop the $4 billion sale to Alaksa Air.

  • Orbital's initiative dovetails with an Air Force plan to cut the amount of money it spends on missile storage and support services to $6.5 million in fiscal year 2017 from $17 million this year. The Air Force had no immediate comment on the budget cut proposal and its intentions for the stockpiled missiles. U.S. policy allows the missile rocket motors to be used...

  • Virgin Group chairman Sir Richard Branson.

    In a blog post, Sir Richard Branson described his disappointment in Virgin America's sale to Alaska Air.

  • *India accounts for 13 pct of global beer mkt, growing fast. MUMBAI, March 17- Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters. India accounts for 13 percent of world beer consumption, and annual volume...

  • *India accounts for 13 pct of global beer mkt, growing fast. MUMBAI, March 17- Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters. India accounts for 13 percent of world beer consumption, and annual volume...

  • Branson: We're happy with Virgin America returns

    Sir Richard Branson, Founder of the Virgin Group, and David Cush, President & CEO, Virgin America, talk about the state of the airline industry including Virgin's business in Dallas and how fuel prices have affected bottom lines.

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