People
Wal-Mart CEO steps down; Chief of International Unit to take over
Wal-Mart CEO and President Mike Duke will officially step down on Feb 1, 2014 and will be replaced by Doug McMillon who is the head of Wal-Mart's international division. Duke will continue his role as Chairman and will be advising the new CEO for a year.
Putin freezes prices in state companies to revive economy, may earn ire from allies
Allies of Russian President Vladimir Putin will reportedly get upset about the Russian state chief's latest economic policy to freeze prices starting next year, Bloomberg said in its report.
Branson's Virgin Connect acquires Nizhny Novgorod telephone and broadband operator
The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.
Ex-Youtube and Twitter executives vow to bring back hands-on approach in startups with new venture capital firm
Hunter Walk and Satya Patel's creation of venture capital firm Homebrew was spawned out of the need to provide private equity investors accountability in their investments.