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Billionaire Elon Musk's fortune rockets by US$570 million as Tesla tops estimates
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 to receive US$110 million retention payment from Yahoo
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 gains as Carl Icahn expands stake
Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.
Serge Godin becomes billionaire following CGI-Logica merger
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.