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.
People
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.
Buffett Announces Berkshire Record Earnings
Berkshire Hathaway reports record earnings for its shareholders in meeting with Warren Buffett. In the announcement during its shareholders meeting held at Omaha, Nebraska last Friday, Warren Buffett said that quarterly profit rose nearly 51% on solid performance of its investments in insurance and other businesses, together with revenues from derivatives.
Dish's Cullen Driving Force For Wireless
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
Mike Brown Invests in Bowery Capital
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.
Latest News
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.
Peter Larsen joins as principal in Atlantic-Pacific Capital. The biggest independently-owned global placement agent and consultancy firm, Atlantic-Pacific Capital, disclosed today the addition of Peter Larsen as its Principal.
James Breyer of Accel Partners would not stand for re-election to the board of social networking giant Facebook.
Bafin, the German financial markets watchdog, clears German Bank directors of any wrongdoing. Bafin, the German financial market regulator, have not come up with any proof that the directors of the German Bank are behind the manipulation of the standard interest rates, according to a top official of Bafin that the Wall Street Journal Deutschland had spoken with over the weekend.
