Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
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Lawyer for Galleon's Raj Rajaratnam Appeals Conviction Claiming Wiretaps Mishandled
One day after Rajat K. Gupta, formerly of Goldman Sachs, was sentenced to two years in prison for insider trading, a lawyer for Raj Rajaratnam who is currently serving an 11-year sentence in a Massachusetts prison for the same crime, asked that his conviction be set aside, The New York Times reported.
Rajat Gupta, former Goldman Exec, Sentenced to Two Years in Prison for Insider Trading, $5 Million Fine
U.S. District Judge Jed Rakoff sentenced the former Goldman Sachs director to two years in prison for insider trading and fined him $5 million in a Manhattan court room yesterday.
Restoration Hardware to Sell 5.2 Million Shares in Initial Public offering, Valued at $850 Million
Following a scandal involving the former co-Chair of the high-end online and retail furniture store, Restoration Hardware, the company is planning to sell 5.2 million shares in an Initial Public Offering, The New York Times reported in Dealbook, based on papers filed Tuesday.
Betty Fletcher Dies: 'Embattled Liberal' 9th Circuit Court of Appeals Judge was 89
Judge Betty Binns Fletcher, of the 9th U.S. Circuit Court of Appeals, died Monday night as reported by the Associated Press. As one of the country's first women lawyers, Fletcher knew discrimination firsthand and fought for the rights of the oppressed.
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The acclaimed Hollywood director Tony Scott died from multiple blunt force injuries and drowning, according to an autopsy report released by the Los Angeles County coroner Monday. His death has been listed as a suicide.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Forty one year-old disgraced cyclist Lance Armstrong has been stripped of seven Tour de France titles and banned from the sport for life following ratification of United States Anti-Doping Agency's (USADA) sanctions against him by the International Cycling Union (UCI) on Monday. Now the Texas company that paid his prize money may want it back.
Republican presidential candidate Mitt Romney has gone on record as saying he is opposed to Federal Reserve Chairman Ben Bernanke's economic stimulus plans as "ineffective and inflammatory," and has vowed to appoint a new Fed Chair, if he is elected, The New York Times reported today.
Lakota Sioux activist Russell Charles Means died Monday of esophageal cancer at his ranch on the Pine Ridge Reservation in South Dakota, according to a statement released by his family. He was 72.
Traffic Low for Online Video Chat Service 'Airtime' Despite Top Firms' Backing, According to AppData
Despite a splashy, star-studded coming out party in June and funding from celebrities and big name venture capital firms, the video chat start-up Airtime appears to be struggling, based on information published in The New York Times today. "So far its traffic appears to be little more than a trickle," reporter Jenna Wortham wrote.
he Dutch star of the 1974 erotic hit sensation "Emmanuelle" passed away in her sleep Wednesday night at age 60, according to a statement made by her agent, Features Creative Management, the Associated Press reported Thursday.
Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.
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.
