American film maker, producer, writer and creator of Star Wars, billionaire George Lucas and his wife Mellody Hobson, through the George Lucas Family Foundation, are donating $10 million to George Lucas' alma mater - the University of Southern California's School of Cinematic Arts.
The newly-approved crowdfunding norms will enable start-ups to mobilize funds from mom-and-pop investors over the internet. The US Securities and Exchange Commission (SEC) has okayed the new rules on crowdfunding with a majority voting of three to one. The Business Startups (JOBS) act has been enacted with bipartisan support to facilitate new startups with more flexibility in the mobilization of funds. SEC also changed the audit provisions of the crowdfunding rules.
Revlon, Inc. has recently exceeded their goal of raising $1 million on crowdfunds for women's charity organizations, mainly owing to the support of mega stars such as Halle Berry, Emma Stone, Olivia Wilde, among others.
Kickstarter, the popular online crowdfunding platform, has just banned a project for its failure to provide evidence of a working prototype. The project was for a laser-powered razor called Skarp which has raised over $4 million in crowdfunding since it was first announced.
Afghanistan does not have enough money to pay salaries this month and has asked aid donors for a bailout before the end of the year, the treasury chief told Reuters on Thursday.
An Italian white truffle, reportedly the largest in the world, will be sold at an in-house and online auction in New York on Saturday where bidding is expected to start at $50,000 and could go much higher, Sotheby's said on Thursday.
In a town famously built on self-promotion, Hollywood mogul Jerry Perenchio preferred to stay out of the spotlight, which he says "fades your suit."
Jim Tully's hours-long walks to and from work in the Pocono Mountains, where he has been repeatedly stopped by police in a case of mistaken identity in the manhunt for a Pennsylvania cop killer, may be coming to an end.
China said on Friday it would donate 500 million yuan ($82 million) to Liberia, Sierra Leone and Guinea to battle Ebola, its largest round of aid to help contain the spread of the deadly virus.
China's corporations and billionaires have lagged behind in contributions to fighting the Ebola epidemic in West Africa despite vast economic ties to the region, the World Food Programme said on Monday.
Opponents of GMO food labeling proposals on the ballot next month in Oregon and Colorado have contributed roughly $20 million for campaigning against the proposed laws, nearly triple the money raised by supporters of the initiatives, campaign finance reports show.
The U.S. government now has more than $1 billion available to fight the spread of Ebola from West Africa and is proceeding with plans to deploy up to 4,000 military personnel to the region by late October.
The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments.
Harvard University has received the largest donation in its history, the school announced on Monday: $350 million from the Morningside Foundation to the School of Public Health.
Venice, California-based online vitamin seller SmartyPants Vitamins bagged $2.2 million in a new capital raising via San Francisco-based equity crowdfunding platform CircleUp to develop new products and expand its workforce.
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