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'The New Tycoons' Tells the Stories of Billionaire Founders of the Top Private Equity Firms

Private equity plays a pervasive role in all of our lives,whether we are aware of it or not. In "The New Tycoons," author Jason Kelly tells the stories of the men who created this trillion-dollar industry.


Public Pension Funds Accurately Reporting Shortfalls Despite $300 Billion Discrepancy

Although a new study by one of the world's largest actuarial firms, Milliman, found the 100 largest pension funds are underreporting their unfunded liabilities by about $300 billion, a spokeswoman for the firm said the amount was "insignificant." Large public funds remain skeptical of private equity.

Tons of Unexploded Bombs, Missiles and Mustard Gas Off Coasts of 16 States

An estimated 200 million pounds of explosives have been dumped in the world’s oceans, according to researchers from Texas A&M University.

Online Pawn Shop borro Secures $26 Million in New Funding Round

The online, privately held lending company borro just received $26 million in new funding to expand its U.K. and U.S. operations. borro offers loans ranging from $1,000 to $1 million dollars secured against personal assets such as jewelry, fine art, classic cars or even wine collections. It just received $26


Latest News

Apple's answer to the Kindle Fire and Nook, the iPad Mini, could be in stores as early as Oct. 23, according to the technology website AllThingsD, as reported by ABC News.
The infamous Casey Anthony who was tried for the murder of her two-year-old daughter Caylee and acquitted in July of 2011 is the subject of a recent lawsuit brought by a Pennsylvania woman who claims Anthony caused her emotional and mental distress and threatened to murder her.
In what could be good news for the middle class (if President Barack Obama is re-elected), Vice President Joe Biden during a debate on Thursday with GOP vice-presidential candidate Paul Ryan signaled a possible change in the Democrats' longstanding position on tax rate increases, raising the threshold for increases from families with annual incomes of more than $250,000, to those making one million or more.
Millennial Media, a six-year old independent company ranked No. 2 last year in mobile advertising sales in the United States, Reuters reported today. Its customers included 75 of the top 100 Ad Age advertisers.
The sale of at least $100 million in fraudulent renewable energy credits since 2009 has fueled arguments by oil and gas refineries opposed to their government-mandated purchase of such credits.
The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.
Beano Cook, whose real name was Carroll Hoff Cook, passed away in his sleep, the University of Pittsburgh announced today, as reported by ESPN. He was 81.
A 29-year-old Zumba Fitness® instructor in Kennebunk, Maine has been arrested for allegedly running a brothel from her dance studio, according to the Associated Press.
Google CEO Eric Schmidt called the contentious relationship between Google and Apple, the industry's defining fight in an interview in New York on Wednesday.
A temporary injunction banning the sale of Samsung Galaxy Nexus smartphones has been overturned, dealing a blow to Apple in its ongoing battle with the South Korean electronics giant.