Companies

Reports suggest that all men in North Korean are required to get the same hairstyle as their supreme leader Kim Jong-un (Photo Reuters)

From Companies 2:53 pm

North Korea Banker Who Manages Money of Kim Jong-un Defects to Russia With $5 Million

A North Korean official of the Korea Daesong Bank, identified by JoohnAng Ilbo newspaper as Yun Tae Hyong, left the country with $5 million and is in Russia, seeking asylum in a third nation.

Malaysian Airlines Jet

From Companies Aug 29

Malaysia Airlines to Axe 4,000 Employees, Including CEO; Suspends Trading of Shares

The inevitable, as a result of the two tragedies that hit Malaysia Airlines four months apart, just happened. The embattled air carrier announced on Friday that it would axe up to 4,000 employees, including its chief executive officer, The Telegraph reports.

Al Gore

From Companies Aug 29

Former U.S. VP Al Gore Backs Ovo Energy by Investing £8 Million Before IPO

Showing that he practices what he preaches, green advocate and former U.S. Vice President Al Gore invested £8 million in Ovo Energy. The investment comes before one of the fastest-growing new power suppliers in the UK launches its initial public offering (IPO).

From Society Aug 28

Centerplate CEO Des Hague Caught Abusing Dog In Vancouver Building Elevator [VIDEO]

Des Hague was ordered to pay U$100,000 and render 1,000 hours of community service as condition to his continued employment with the company.

Four thousand U.S. dollars are counted out by a banker

From Companies Aug 28

Study Shows Gap Between What Advisors Say and What Resonates with Investors

A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now.

Warren Buffett

From Companies Aug 28

Floyd Mayweather Gets Investment Advice from Warren Buffett What to Do With Millions

Followers of unbeaten American boxer Floyd Mayweather Jr are used by now to seeing video and photo posts of the champ showing off his latest purchase of diamonds, watches, cars and other luxury items for himself and girlfriend Doralee "Bad" Medina.

Alibaba

From Companies Aug 27

Studies Suggest Chinese E-Commerce Market to Outpace U.S. Soon

A study by business consultant McKinsey & Co brought out the possibility that China's e-commerce market would soon outpace that of the U.S. very soon. It forecasts that the Chinese market will grow between $420 billion and $650 billion by 2020.

IBM Logo

From Companies Aug 27

IBM Opens $1.2 Billion Data Centre in Melbourne & Sydney

Technology giant IBM said on Tuesday that it would open two SoftLayer data centres in Melbourne and Sydney, Australia. The first, to open in September at Deer Park in Melbourne, is part of IBM's $1.2 billion global investment that aims to expand its cloud computing footprint.

A meal of a "Monster"-sized A.1. Peppercorn burger, Bottomless Steak Fries

From Politics & Policy Aug 26

Burger King Mulls Buying Tim Hortons, Could Relocate to Canada, Shares of Both Up

U.S. fast-food global chain, Burger King, is in talks of buying Canadian coffee and doughnut chain Tim Hortons that could see the former switch headquarters to the North American country. Shares of both companies immediately jumped on the news on Monday.

A Bank of America sign is shown on a building in downtown Los Angeles, California January 15, 2014.

From Companies Aug 26

Bank of America Agrees to Pay $16.7 Billion to SEC Over Disclosure Failures

Bank of America settled with the Securities and Exchange Commission over admitting that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage loans.