May 18, 2012
U.S. stocks trimmed gains as Nasdaq OMX Group Inc. said it is experiencing a delay in opening shares of Facebook Inc. (FB) following its record initial public offering.
Facebook Nearly Breaks IPO Price, Pulls Back to $38
May 18, 2012
There is more at stake in Saturday's Champions League final between Bayern Munich and Chelsea than the title. In it, the social market economy goes head-to-head with Anglo-Saxon capitalism.
For the world of football, Bayern symbolizes the solid business man, the German middle class. At €320 million ($406 million) annually, the team places fourth in Europe by revenue. Then there is Chelsea, number six in terms of...
May 16, 2012
B-school grad Joe Mihalic went on an extreme financial diet to pay down over $90,000 in debt in just seven months and charted his story through an anonymous blogging project.
By John A. Byrne
(Poets&Quants) -- When he graduated from the Harvard Business School three years ago this month, the economy was a wreck. Nearly one in four of his classmates didn't have a job at graduation in May 2009. Yet, Joe Mihalic, then 26, was able to...
May 14, 2012
Weighing 34.98 carats, the modified pear double rose-cut stone was worn by Marie de Medici in her crown at her coronation as Queen Consort of Henri IV of France in 1610.
It will be offered at auction by Sotheby's Geneva on May 15.
Source: Sotheby's via Bloomberg
May 13, 2012
Kai Peters, the chief executive of Ashridge Business School, tells Della Bradshaw, Business Education Editor, that students are not always seeing a good return on their investment, and that French schools have a competitive advantage over British ones because of their ability to merge.
Video here: http://video.ft.com/v/1634102653001/Not-always-value-for-money
May 3, 2012
A special guest post by Michael Biggerstaff, Chief Inspiration Officer of Nxtbook Media
As it was reported on the Folio Magazine website on March 29th, our long-time competitor, Texterity, has been acquired by Godengo. That same day, actually hours later, a venture capital firm contacted me and ask if I had heard the news. They then wondered if they could help me “keep up with the great things that Texterity and...
May 3, 2012
Norwegian expressionist Edvard Munch's The Scream has become the most expensive artwork sold at auction, after it fetched $119.9m (£74m).
The 1895 pastel was bought by an anonymous buyer at Sotheby's in New York. Bidding lasted 12 minutes.
The work is one of four in a series by the Norwegian expressionist artist and was the only one still owned privately.
Proceeds of the sale are to go towards founding a new museum, hotel...
May 2, 2012
Two Norwegian day traders who outwitted the automated trading system of a big US broker and became local heroes have been cleared of all wrongdoing by the country’s highest court.
Svend Egil Larsen and Peder Veiby were handed suspended prison sentences for market manipulation in 2010 after they worked out how the computerised system would react to certain trading patterns – allowing them to influence the price of low-...
May 2, 2012
Dewey & LeBoeuf, the New York law firm crippled by financial mismanagement, an exodus of partners and a criminal investigation of its former chairman, encouraged its partners on Monday evening to look for another job, according to an internal memo.
The firm’s leadership has been scrambling in recent days to stave off failure by merging with another law firm and persuading its lenders not to push it into liquidation.
“All...
April 21, 2012
Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City’s Tropicana casino.
Not long before that, he’d taken the Borgata for $5 million and Caesars for $4 million. Here’s how he did it.
Full story here: http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/2/?single_page=true
Value is the only commonality in an increasingly complex, challenging and interdependent world.