Forbes: 793 billionaires in world today
Finance magazine Forbes has come out with their latest list of the world’s billionaires.
The list has shown the effect of the global economic crisis.
The number of billionaires on the list has fallen down from 1,125 individuals to 793 today. This is a decline of around 30% in [...]

New York Times to sell Boston Red Sox stake
The New York Times has announced that they have now hired the services of Goldman Sachs to help them find a buyer for its stake in the Boston Red Sox baseball team.
The company is struggling with heavy debts and is looking for revenue avenues.
Advertising [...]

Carlos Slim to invest $250 million in The New York Times
The New York Times has announced that they have signed on a deal with Mexican billionaire Carlos Slim.
The deal would see Slim making an investment of $250 million in the news media giant.
These funds would help the NYT to meet the immediate financial [...]

Carlos Slim might invest in The New York Times
Wall Street Journal has reported that The New York Times is in talks with Carlos Slim Helu on a potential investment deal.
NYT has declined to comment on these reports.
The report stated that no deal has been reached till now. The investment would come handy for the [...]

Warren Buffett is the richest man on earth
Forbes magazine has reported that Warren Buffett has overtaken his friend Bill Gates to become the world’s richest man.
In fact, as per the report Carlos Slim has also overtaken Gates and is now the second richest man in the world.
Bill Gates has been listed at the third spot [...]

Gordon Brothers Group acquires CompUSA

CompUSA has been facing intense competition from rival companies like Best Buy and Wal-Mart Stores.
The retailing chain has now been acquired by Gordon Brothers Group who are now going to close down 103 of these stores.
Bill Weinstein, a principal at Gordon Brothers spoke on these new developments: “An orderly and expedited [...]