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Mark Zuckerberg threatens to leave California over 5% billionaire tax, Meta creates new Class C shares to help him stayMark Zuckerberg has threatened to leave California if the state introduces a proposed 5% billionaire wealth tax. In response, Meta has appr...
Inside OpenAI's crisis over the future of artificial intelligenceHis ouster was the culmination of years of simmering tensions at OpenAI that pit those alarmed by AI's power against others who saw the tec...
Patagonia's billionaire owner gives away company to fight climate crisisThe founder of outdoor retailer Patagonia, known for his environmental stances, announced Wednesday he has given away his company in an eff...
Patagonia founder gives away company to save planetYvon Chouinard, 83, could have sold the brand -- valued at $3 billion, according to The New York Times -- or taken it public. Instead, he, ...
One week in an America riven by politics and the plagueOn Nov.1, as election week dawned, Dr.Juan Fitz lay dying in the same Lubbock, Texas, hospital where he had worked in the emergency room fo...
Tamil Nadu BJP unit ready with strategy ahead of Amit Shah's maiden visitThe Dravidian parties aren't very impressed with the strategy. DMK spokesman TKS Elangovan said the BJP has got its numbers wrong.
Budget 2014: Finance Minister's cover drive may fetch India $20bn in FDIAn increase in insurance sector FDI would automatically raise the ceiling for pension firms and insurance intermediaries.
Replacing RBI governor Raghuram Rajan may lead to a sovereign rating downgrade: HDFC Chairman Deepak ParekhNew govt needs to raise revenues and one way to do this would be by way of a massive privatisation programme, says Parekh.
To avoid dilution of stake in PSBs, government looking at capital infusion optionsGovernment has committed to keep 51 per cent stake in state-run banks and maintain capital adequacy ratio (CAR) at 8 per cent.
CRR, SLR could come down further: RBI governor D SubbaraoThe cash reserve ratio, or the amount of cash lenders must deposit with the Reserve Bank of India, stands at a record low of 4 per cent.
New companies bill tightens regulations regarding subsidiariesThe new cos bill has tightened the provision relating to the way subsidiary cos are defined, ensuring that larger number of firms are broug...
- Bank officials must forge agreements to limit short-term bank risk
Stock markets cheered new regulations announced this weekend that were intended to prevent a recurrence of the financial crisis.
- Spain's Grifols plans to buy Talecris for $3.4 bn
Spanish health care company Grifols plans to expand in the U.S. with the $3.4 billion purchase of plasma company Talecris Biotherapeutics.
- Lloyds bank gets 87 pct takeup on share offer
Lloyds Banking Group PLC said that shareholders, including the govt, took up 87 pc of a 4 billion pounds ($6.35 billion) open offer of shar...
- CEOs, famous investors hit hard by market plunge
The average year-to-date decline is 49% for the corporate stock holdings of CEOs at 175 large US companies. Losses of 5 big earners in US |...
- Belgium to give KBC bank 3.5 billion-euro capital
The Belgian government is giving KBC bank a 3.5 billion-euro ($4.4 billion) capital injection after the financial crisis saw its share pric...
- US govt moves again to unclog credit lines
The government put itself four-square into the country's banking business Tuesday, resorting to what President George W Bush conceded was t...
- US to take stake in banks, first since Depression
The US government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression.
- Blackstone co-founders to get 2.33 bn dlr post IPO
Blackstone Group LP co-founders Stephen Schwarzman and Peter G. Peterson will get $2.33 billion and keep 28 per cent of the company after i...