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Wal-Mart's Tech Incubator Hires Co-Founder Of Rent The Runway

Wal-Mart Stores Inc.’s technology incubator, part of the company’s bid to expand beyond brick-and-mortar retail, hired a co-founder of Rent…

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Nicolas Berggruen Forks Out US$40 Million For Edith Mayer Goetz Estate

The so-called formerly homeless billionaire has scored himself yet another L.A. home.   Nicolas Berggruen, the notoriously nomadic investment titan…

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Chobani Yogurt Company Sues Right-Wing Radio Host Alex Jones

Greek yogurt giant Chobani filed a lawsuit Monday against right-wing radio host Alex Jones, accusing the conspiracy theorist of publishing…

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Hollywood Producer Donald Bellisario Donates To Penn State University

Donald P. Bellisario, a director, producer and screenwriter made a commitment to US$30 million to Penn State University. He is…

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Netflix CEO Reed Hastings' Pay Rises To US$23.2 Million In 2016

Netflix CEO Reed Hastings was paid US$23.2 million in 2016, compared with US$16.6 million in 2015 and US$11.1 million in…

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Paint Giant PPG Raises Bid For Akzo Nobel To US$26.4 Billion

Paint giant PPG Industries Inc. PPG 1.95% on Monday raised its offer for Dutch rival Akzo Nobel AKZOY 6.33% NV…

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Skype Co-Founder Invests In Online Grocery Platform Farmdrop

Niklas Zennström, the cofounder and former CEO of Skype, has backed fresh produce delivery startup Farmdrop in a £7 million…

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Former BP Boss Tony Hayward To Leave Troubled Genel Energy

Former BP boss Tony Hayward is to step down from struggling Genel Energy six years after he founded the Kurdistan-focused…

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Polish Mobile Phone Group Play Says Mulls IPO

The owners of Poland's mobile operator P4, which operates under the Play brand name, are considering an initial public offering…

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