People
French President stimulates jobs market to bring down unemployment rate by year's end
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
Swiss shop clerk tells Oprah Winfrey crocodile handbag is "too expensive" for her
A Swiss shop clerk told Oprah Winfrey that a crocodile handbag worth US$38,000 was "too expensive" for her which sparked racist slur.
Obama proposes overhaul of US mortgage system
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Sony Corp shares drop after saying no to Loeb proposal
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
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Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
Zachary Karabell asked if it really matters who the next chairman of the Federal Reserve will be. Zachary Karabell of Reuters posed the question, "Does it really matter who the next chair of the Federal Reserve is?" The query came as President Obama looks for Chairman Ben Bernanke's successor.
Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.
Encrypted email platforms Lavabit and Silent Circle shut their services down after refusing to cooperate with the US government on data surveillance.
Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.
Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.
Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.
Serge Godin became a billionaire after the merger of CGI Group Inc and Logica Plc. Serge Godin, the founder of CGI Group Inc. , stated the "stars were aligned" when he took advantage of the strong Canadian dollar and falling European economy to purchase Logica Plc for US$2.
Riley Cooper, who was recently caught on video using a racial slur, has returned to team practices after going on a four day hiatus.
Tameka Foster, estranged wife of R&B star Usher sought for sole custody of Usher Raymond V after a drowning incident in the music star's home in Atlanta.