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Car battery tycoon tops China’s rich list

November 5th, 2009 - 6:24 pm ICT by IANS -
Shanghai, Nov 5 (IANS) Wang Chuanfu, chairman of electric car and battery maker BYD, has become China's richest person, according to an annual rich list released by Forbes Thursday. Wang leapt 23 places ...

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India shows bull market for gold intact: Forbes

November 5th, 2009 - 11:50 am ICT by IANS -
Washington, Nov 5 (IANS) India's purchase of 200 tonnes of gold for $6.7 billion from the International Monetary Fund (IMF) "shows central banks are getting on board with the idea that the ...

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India goes bullish on gold, sees a dim dollar future: Forbes

November 4th, 2009 - 9:22 pm ICT by IANS -
By Arun Kumar Washington, Nov 4 (IANS) India's purchase of $6.7 billion worth of gold from the International Monetary Fund (IMF) is a pointer that New Delhi sees a dim future for the ...

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Berkshire Hathaway buys Burlington Northern for $44 billion

November 4th, 2009 - 1:07 am ICT by Aishwarya Bhatt -
Fort worth, Nov 3 (THAINDIAN NEWS) Warren Buffett’s Berkshire Hathaway(NYSE:BRK.A) announced that it would buy the remaining 80% stake in railroad giant Burlington Northern Santa Fe(NYSE:BNI). Berkshire already had a 20% ...

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US investor Warren Buffett makes record rail investment

November 4th, 2009 - 12:12 am ICT by IANS -
New York, Nov 3 (DPA) Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire ...

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Buffet’s Berkshire Hathaway to buy Burlington Northern

November 3rd, 2009 - 9:55 pm ICT by Aishwarya Bhatt -
Fort Worth, Nov 3 (THAINDIAN NEWS) Warren Buffett's Berkshire Hathaway(NYSE:BRK.A) announced that it would buy the remaining stake in railroad giant Burlington Northern Santa Fe(NYSE:BNI). This particular deal is estimated at approximately ...

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China’s super-rich only second to US

October 13th, 2009 - 7:58 pm ICT by IANS -
Beijing, Oct 13 (IANS) China's super-rich have bounced back from the financial crisis, and the country now has more known dollar billionaires than any other nation except the US, a study released ...

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Gates still Forbes’ richest American, 4 Indians among top 400

October 1st, 2009 - 8:13 pm ICT by IANS -
By Arun Kumar Washington, Oct 1 (IANS) Four Indian Americans are among America's super-rich with Microsoft Corp co-founder Bill Gates still holding the top spot on the Forbes 400 list of wealthiest Americans ...

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Bundchen to give online eco lessons

July 29th, 2009 - 12:39 am ICT by IANS -
New York, July 28 (IANS) Brazilian supermodel Gisele Bundchen and US billionaire Warren Buffett are aiming to teach kids about environment and finance respectively in a new series of online shows. They join ...

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I won’t buy newspapers ‘at any price’ today: Warren Buffett

May 5th, 2009 - 11:46 am ICT by IANS -
New York, May 5 (IANS) Warren Buffett may have sagely advice on investment in any number of fields, but one area he says he won't touch these days is the newspaper industry. 'The ...

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Global chill brings economics in from the cold

Global chill brings economics in from the cold

March 30th, 2009 - 1:37 pm ICT by IANS -
By Sid Astbury Sydney, March 30 (DPA) The global financial crisis has done wonders for the dismal science of economics. From Anchorage to Ankara the spooky talk about global warming has given ...

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Bill Gates is the world’’s richest man again

March 12th, 2009 - 4:50 pm ICT by ANI -
New York, Mar 12 (ANI): Forbes magazine study has revealed that Microsoft Corporation co-founder Bill Gates has reclaimed the title of the richest man in the world, with a total net ...

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Gates is world’s richest man; 355 drop off billionaires’ list

March 12th, 2009 - 1:06 pm ICT by IANS -
By Arun Kumar Washington, March 12 (IANS) Despite losing $18 billion over the last 12 months, Bill Gates has reclaimed his title as the richest man in the world with a total net ...

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‘Rich List’ Forbes Billionaires 2009 Hits Crisis

‘Rich List’ Forbes Billionaires 2009 Hits Crisis

March 12th, 2009 - 10:52 am ICT by Amrit Rashmisrisethi -
On Thursday, the ranking released by the people and the amount has a record $1.25 trillion, compared to $1.13 trillion last year. The Forbes magazine's list of the 400 richest Americans consisting ...

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Ambanis among top four Indians in ‘World’s Richest’ club (Lead)

March 11th, 2009 - 4:04 pm ICT by IANS -
By Arun Kumar Washington, March 11 (IANS) Mukesh and Anil Ambani, steel czar Lakshmi Mittal and K.P. Singh, now the richest real estate baron, have been named by Forbes as the four Indians ...

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Steel baron Mittal, Ambani brothers among Forbes top-ten super-rich

March 11th, 2009 - 2:32 pm ICT by ANI -
Washington, Mar 10 (ANI): Twenty-four Indians have made it into the Forbes magazines list of Worlds Richest with Steel tycoon Lakshmi Mittal in fourth place. Four Indians made it to the top ...

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Buffett likens meltdown to an economic Pearl Harbour

March 10th, 2009 - 5:37 pm ICT by ANI -
New york, Mar. 10 (ANI): Americas billionaire investor Warren Buffett has likened the current global meltdown to an economic Pearl Harbor, and doesn''t expect the US economy to recover anytime soon. ...

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US stocks drop on World Bank forecast, Buffett warning

March 10th, 2009 - 11:30 am ICT by IANS -
New York, March 10 (DPA) Major US stock indices closed lower Monday, after the World Bank said it expects the global economy to shrink this year and billionaire Warren Buffett offered another ...

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President of Berkshire Hathaway Ajit Jain

President of Berkshire Hathaway Ajit Jain

March 2nd, 2009 - 10:49 am ICT by Amrit Rashmisrisethi -
Ajit Jain, the president of Berkshire Hathaway’s re-insurance group in Stamford, Connecticut, has long been on industry watchers list of successors to Warren Buffett before the legendary investor praised him in a ...

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Adiga, Friedman stay top of the charts

November 20th, 2008 - 11:33 am ICT by IANS -
New Delhi, Nov 20 (IANS) Thomas L. Friedman's "Hot, Flat, and Crowded: Why the World Needs a Green Revolution - and How …" remains at the top of the non-fiction bestseller list ...

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Obama vows to confront economic crisis head-on (Overall Lead)

Obama vows to confront economic crisis head-on (Overall Lead)

November 8th, 2008 - 12:29 pm ICT by IANS -
Washington, Nov 8 (IANS) US President-elect Barack Obama has vowed to confront one of the greatest economic challenges facing the country head-on once he takes office in January.Until then, he would work ...

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A stimulus to jump start economy first priority: Obama (Second lead)

A stimulus to jump start economy first priority: Obama (Second lead)

November 8th, 2008 - 4:21 am ICT by IANS -
Washington, Nov 8 (IANS) US President-elect Barack Obama has vowed that restoring the nation's economic equilibrium will be a major priority of his administration as it works to ease credit crisis, help ...

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I’m going to confront this economic crisis: Obama (Lead)

November 8th, 2008 - 4:04 am ICT by IANS -
Washington, Nov 8 (IANS) US president-elect has vowed to ease credit crisis, help American families and restore growth and prosperity as the country faces the "greatest economic challenge of our lifetime"."We are ...

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Bill Gates to launch major polio initiative in India Wednesday

November 3rd, 2008 - 6:11 pm ICT by IANS -
New Delhi, Nov 3 (IANS) Microsoft founder Bill Gates will launch a major initiative for India's public healthcare here Wednesday with a special focus on polio eradication, said officials at his philanthropic ...

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Multi-millionaires also back Obama ahead of election

Multi-millionaires also back Obama ahead of election

November 3rd, 2008 - 10:23 am ICT by IANS -
By Liliana Martinez-Scarpellini Los Angeles, Nov 3 (DPA) Barack Obama has promised to increase taxes if he becomes president of the United States. But the really rich want change and many of ...

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Friedman tops non-fiction bestseller list

October 31st, 2008 - 1:21 pm ICT by IANS -
New Delhi, Oct 31 (IANS) Thomas L. Friedman's "Hot, Flat, and Crowded: Why the World Needs a Green Revolution - and How …" is the new entrant at the top of the ...

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Booker winner ‘The White Tiger’ tops bestseller chart

October 22nd, 2008 - 9:27 am ICT by IANS -
New Delhi, Oct 22 (IANS) Aravind Adiga's Booker prize winner debut novel "The White Tiger" climbed to the top of the bestseller charts in the fiction category this week, while "Empires of ...

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Exelon offers $6.2 bn for discounted NRG Energy

October 21st, 2008 - 3:34 am ICT by IANS -
New York, Oct 21 (DPA) Giant energy company Exelon Corp., the country's largest utility, has made an uninvited bid to acquire NRG Energy Inc. for $6.2 billion, following billionaire investor Warren Buffett's ...

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US stocks close lower to end roller-coaster week

October 18th, 2008 - 12:30 pm ICT by IANS -
Washington, Oct 18 (DPA) US stocks dropped on Friday, closing out a wild week that saw most major indices make strong gains amid uncertainty and recessionary fears among US investors.US stocks had ...

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‘Empires of the Indus’ tops non-fiction bestseller list

October 17th, 2008 - 10:51 am ICT by IANS -
New Delhi, Oct 17 (IANS) "Empires of the Indus" is the new bestseller in the non-fiction group this week, while "Brisingr" by Christopher Paolini is on the top of the charts in ...

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