In the latest coup for what was an early Internet sensation when it the scene in the mid-nineties but has more recently been waning, Yahoo Inc. has recruited a top advertising sales executive from its rival Google, Vice President Henrique de Castro, as its new Chief Operating Officer. Mr. de Castro will take the reins from another Google veteran Marissa Mayer who has been CEO and President at Yahoo since July.
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South Park Creators Trey Parker and Matt Stone Being Sued for Allegedly Appropriating "King Lollipop" (VIDEO)
Trey Parker and Matt Stone, creators of the popular, successful and irreverent South Park animated television series are being sued by a man who says they stole the King Lollipop character from him, The Wrap reported on Monday.
Carlyle Considering Exits for Two Middle Eastern Investments, Planning Acquisition for Saudi Food Business
Carlyle is planning the acquisition of a regional franchise as a tuck-in, or bolt-on acquisition for its Alamar food business in Saudi Arabia, which it bought a 43 percent stake in in December, and it is currently in the due diligence phase.
Surface Tablet Confirms Release Date for Oct. 26 Shipping, iPad Mini Competition Heats Up
Microsoft announced this morning that consumers can now pre-order its Surface tablet, the latest mobile contender to Apple's iPad. Orders placed today will ship on Oct. 26, the same day a promotional blitz for the new tablet will hit 65 Microsoft stores, according to CNN.
Asia's Largest Refiner, Sinopec, Drops Hostile Bid for Privately-held China Gas
In the ultimate David and Goliath story, the China Petroleum & Chemical Corp., Sinopec, Asia's largest refiner and one of China's biggest state-owned firms, dropped its hostile bid to take over the much smaller, privately-held China Gas Holdings after a contentious struggle lasting nearly a year, according to major media stories.
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BMX world champion Kyle Bennett was in a tragic car accident early Sunday morning that took his life.
The Japanese telecommunications company Softbank Corp. has struck a deal to buy a 70 percent stake in Sprint Nextel for $20.1 billion.
After months of negotiations, the German retailer Douglas Holding, which is known throughout Europe for its perfumeries, jewelry and book stores, is well on the road to going private. The Wall Street Journal reported on Monday that the company's founding family has joined private equity firm Advent International in a takeover offer.
On Sunday, Austrian sky diver Felix Baumgartner broke records for altitude and speed when he jumped from a capsule 128,000 miles from the earth, to land in Roswell, New Mexico. Yes, that Roswell.
U.S. retail sales rose 1.1 percent in Sept. according to data released on Monday from the Commerce Department, totaling $412.9 billion. The growth is better than expected and good news for the economy, since consumer spending accounts for about 70 percent of the country's total economic growth.
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.
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.
An estimated 200 million pounds of explosives have been dumped in the world’s oceans, according to researchers from Texas A&M University.
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
