Batista's worth went down 74% after losing more than US$30 billion. The richest man in Brazil, Eike Batista, saw his worth go down 74% this year.
People
Kanye West double whammy - low sales and police probe
Police started the investigation against Kanye West's alleged battery of a camera man. "You're trying to get me in trouble, so I'll have to pay you, like, $250,000," said rapper Kanye West to a camera man before lunging at him outside the Los Angeles Airport last July 12.
SEC case vs. Goldman Sachs’ junior salesman might backfire
SEC's persistence to pursue the case against Fabrice Tourre, Goldman Sachs' junior salesman, may backfire.
Rae Dawn Chong slams millionaire co-star
In a radio interview, actress Rae Dawn Chong called the self-made multimillionaire Oprah Winfrey "a total b----."
Greek workers rally against new government austerity plan
Greek workers took to the streets their opposition over the proposed plan to retrench state workers.
Latest News
Comic Con requested US$1 from its millions of fans to join in a non-studio revoluttion Comic Con requested its followers on social media, which was now in the millions, for US$1 each.
US SEC was put under pressure for improper contractor vetting. The US Securities and Exchange Commission (SEC) was placed in a "hot seat" for failing to do a proper background check on 40 to 70 contractors.
Emerging economies are set for a wake-up call as FED decisions and the China economy slowdown affects economic growth.
Prime Minister Shinzo Abe created the “Abenomics” policy for Japan's stagnant economy. On Sunday, Japanese Prime Minister Shinzo Abe will find out whether his mandate to end the country's economic stagnation will push through.
Multi-dollar rice invention scheme brought financial woes to Thailand. Moody, a ratings agency, warned Thailand of the risk "populist measures" would have on government finances.
Chancellor Angela Merkel said that she is calling the EU to set tougher data protection rules. Angela Merkel, Chancellor of Germany, announced that she will push for tougher European Union data protection rules.
Spanish Prime Minister, Mariano Rajoy claims that recovery is close for Spain. Spain Prime Minister, Mariano Rajoy makes a risky political bet by making claims that recovery is close at hand for Spain.
SEC said that they are ready for the Fabrice Tourre trial. The U. S. Securities and Exchange Commission announced that they head to trial for the fraud case against the former Goldman Sachs bond trader, Fabrice Tourre.
Private equity veteran T.J. Jubeir has been named as one of the board of directors of Capital Chapter of the Entrepreneurs Organization (EO-DC).
