Blackstone Group Chief Executive Officer Stephen Schwarzman earned $374.5 million last year, representing an increase of 75% as the private equity firm's distributable earnings also went up 66% in 2013, Reuters reported.
Sectors
Google's $6.8M donation to Free MUNI for Low-Income Youth program sets example for other tech firms
The gift of $6.8 million from search giant Google to San Francisco for its Free MUNI for Low-Income Youth program is one way that the tech industry can help the city deal with its gentrification problem, TechCrunch reported.
Matrix Capital's Goel buys Manhattan apartment from Seagram heir in $19M deal
David Goel, the manager of Waltham, Massachusetts-based hedge fund Matrix Capital Management, bought a three-bedroom apartment in Manhattan fro Charles Bronfman, the heir of Canadian beverage firm Seagram Co, in a deal valued $19 million.
Electronic cigarette maker NJOY gets $70M in private funding round
E-cig maker NJOY secured $70 million from Brookside Capital and Morgan Stanley Investment Management in a private round, The New York Times The Dealook reported.
Supreme Industries to divest shuttle-bus business for $7M
Indiana, US-based commercial vehicle manufacturer Supreme Industries Inc is about to divest its shuttle-bus business to Elkhart-based recreational vehicle maker Forest River Inc in a deal valued at $7 million.
Latest News
Apple Chief Executive Officer Tim Cook told investors that its television business sold more than $1 billion TV set-top boxes last year, the Financial Times reported.
J.Crew Group Inc is said to be in early stage talks with Fast Retailing Co and E. Land Group for a possible sale, according to sources.
In a 2-1 vote, the 9th US Circuit of Appeals did not agree with Google that an anti-Muslim video should remain posted on its YouTube website while the case is on appeal, Reuters reported.
Wayra London incubated- Dattch, a dating app for lesbian women, has rolled out the service in San Francisco, California after raising funds from angel investors last year, TechCrunch reported.
Electricity and energy-related products provider Star Energy Partners has received an undisclosed investment amount from an unnamed investor to allow it to expand its operations.
The largest Asian angel network, Indian Angel Network, has invested an undisclosed amount in a UK startup called SwiftShift after a pitching session sponsored by the UKTI, TechCrunch reported.
As they open their first Old Navy store in China, Gap Inc will be increasing its efforts to promote their brand online so it can capitalize on the country's fast-growing e-commerce sector, Reuters reported.
Apple Chief Executive Officer Tim Cook did not take too kindly on the suggestion of a shareholder to abandon its environmental causes that don't add to the company's profits, CNET reported.
Flower Power, a Bluetooth device made by Paris, France-based consumer product developer Parrot, is paired with a mobile app that helps users monitor plant growth to make the gardening chore easier.
