Li Ka-shing, the richest man in Hong Kong, announced his resignation. He officially handed the reins of his $ 100-billion business empire to his oldest son Victor Li. 89-year-old chairman of the board of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. will remain an adviser to the group after...

CEO of Blackstone investment company, Stephen Allen Schwarzman, earned at least $ 800 million last year. This is one of the biggest awards received by a head of a public companies, and this highlights the restoration of the financial sector after the crisis. Probably, Schwarzman 's income exceeded...

Maturing Pinterest hires its chief operational officer to manage its global operation as it nears its IPO. Pinterest, an image-based “searching and sharing website”, revealed that on Tuesday, February 27, 2018, the company has hired Francoise Brougher as its C.O.O.   Brougher formerly held...

The scene of the takeoff of a giant rocket in a fireball, the soft landing of vertically landing rocket boosters, and finally the pictures of a Tesla sports car hovering in space with a mannequin in a spacesuit behind the wheel and David Bowie's "Space Oddity" as an accompaniment... Successful and...

Traditional pencil and digital revolution come together to provide the next level of experience to the users. In the digital age, one would think it to be normal that the concept of pencil has become a historic item suited only for dustbin. However, Faber Castle has launched a “platform” in Brazil...

Sources have informed that Blackstone could buy Thomson Reuter’s F&R stakes for nearly “$17 billion”. The “private equity firm” of the U.S., Blackstone Group is carrying out advance talks on buying arounf 55% of stake in “Financial and Risk business” of Thomson Reuters Corp. The said deal would put...

Tesla introduced a new compensation system for the founder and general director of the company Elon Musk. The statement stipulates that he will not receive guaranteed payments for his work. He can count on the reward only if the financial performance of the company will match the planned. This is...

Apple Inc. has been urged by two of its largest investors to consider taking some form of action to combat the issue of addiction of iPhones among children. There are growing worries about how the youth are impacted and influenced by technology and social media.   Apple needs to take more...

The company starts “investigating a possible divestment” as Helsinki’s values reach record high. Stockmann, a chain of department store, has plans of selling a “well known building in Helsinki” that holds “an estimated book value of around 100 million euros”. The transaction is desired to be in...