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Orsi Released Temporarily

Orsi, arrested for the India helicopter scam, was released pending trial. Former Finmeccanica CEO has been released from jail pending trial on charges of corruption next month.


Asian Nations Guard Against Repeat of 1997 Currency Crisis

Asian nations issue statement to avoid mistakes that lead to 1997 currency crisis. Major regional economies in Asia need to be on guard against execssive risks and asset bubbles boosted by efforts of central banks efforts to build economic growth.

Ray Irani Says Goodbye to Position of 23 Years at Occidental

Ray Irani bids adieu to Occidental. Occidental Petroleum Corporation's Chairman Ray Irani was ousted from his position as Chairman last Saturday by the shareholders of the firm.

Credit Suisse Alleges Espionage Against Former Employee

Credit Suisse files suit against former employee that jumped ship to rival Goldman Sachs. Credit Suisse Group AG has filed suit against its former vice president for emerging markets group on the grounds she stole confidential documents and trade secrets prior to her transfer to Goldman Sachs.


Latest News

Mike Brown did the work and now has US$33 million for Bowery Capital. Mike Brown has spent the past year making trips to small rural towns and has spent many weeks in cities from the west to the east.
Deliv announces new VP of Logistics, Michael Hart. Deliv disclosed today that on Thursday it appointed Michael Hart as the Vice President of Logistics.
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.
Speaking to Bloomberg from Omaha, NB, Berkshire Hathaway's Warren Buffett says his successor has been chosen by the board and he designed the successor's new pay scheme.
Sofinnova Ventures appoints Dr. Srinivas Akkaraju MD, PhD to become the company's General Manager.
Warren Buffett's Berkshire Hathaway would hold its shareholder meeting with a new twist on the festivities.
From the position of Executive Director and CFO, Mark Hews rises to become CEO replacing Michael Tripp.
Intel Capital appoints new Investment Director Intel's global investment and mergers and acquisitions organization, Intel Capital, appoints Tobi Oke as its new Investment Director to lead the investment team for the firm.
Armstrong Asset Management appoints Yasushi Ujioka as its investment director. Armstrong Asset Management appointed Yasushi Ujioka as the new Investment Director of the Singapore based company.