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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.


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Biennale of Sydney revealed that they had Julian Knights join them as a member of its board of directors.
White & Case stated it had hired Ross Allardice from its rival Kirkland & Ellis. White & Case announced that it hired its newest partner off US rival Kirkland & Ellis.
Allegis Capital stated that it has appointed Nawaf Bitar, Dr. Hossein Eslambolchi, Tom Gillis, and Jeffrey Williams as its new venture partners.
The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.
Pennon Group announced that they had hired Ian McAulay as chief executive officer of Viridor Limited and executive director with the Pennon Group Board.
Howard Bicker, the head of Minnesota Retirement Fund, announced his retirement, leaving the agency in search of a replacement.
Analysts said that US President Barack Obama's ruling could aid the sales of Apple and could be Samsung's setback.
Facebook hired Gary Briggs from Google's Motorola Mobility as its first ever marketing chief. Facebook hired Gary Briggs, Motorola Mobility's former chief marketer, to be the social networking site's first ever chief marketing officer.
Twitter users boycotted the lack of action by the social media platform against violent tweets. Twitter has become a dangerous place, especially for high profile individuals.
anais+adan hits it big with the newest Royal being pictured wearing their swaddle. For a few moments, the world saw the youngest UK royal, Prince George as he was carried from the hospital to the royal car.