Reuters/ Nikola Solic Bob Benmosche, the CEO who took over AIG after the financial crisis, has died. In August he announced that he had terminal cancer in an interview with Bloomberg’s Betty Liu. He said his cancer “had begun massive mutations” and that now he had nine months to a year left to live. He was […]

REUTERS/Tyrone Siu Students leave after a Scholastic Assessment Tests (SAT) exam at AsiaWorld-Expo in Hong Kong. As the number of Chinese students in U.S. colleges outpaces that of any other country, the journey to get into an elite American university has only gotten more cutthroat and students are rising to the challenge in strange ways. […] offers bargains to about 50 million shoppers is raising a new round of capital, sources tell Business Insider. According to one source, this online shopping startup – which competes against Pinterest and Amazon – will be valued between $ 2 billion and $ 3 billion when its fundraising is complete. Specifics, including […]

REUTERS/Kai Pfaffenbach The new elected Pope Benedict XVI greets thousands of pilgrims from the balcony of the St. Peter’s Basilica at the Vatican From running on donations to becoming an international holding company, the Catholic Church’s financial past is littered with secrets. So much that author Gerald Posner wrote hundreds of pages chronicling the institution’s […]

REUTERS/Rick Wilking Michael Novogratz, president and director, Fortress Investment Group LLC, speaks at the SALT conference in Las Vegas May 15, 2014. Investors are pulling their money out of Fortress Investment Group. According to the Wall Street Journal, Fortress disclosed in its fourth-quarter earnings call that investors have taken back about $ 800 million from […]

REUTERS/Matt Dunham/pool Britain’s Chancellor of the Exchequer George Osborne (R), and London mayor Boris Johnson attempt to plaster after watching a demonstration, during their visit to the Aura residential development in north London February 20, 2015. Over the past seven years the UK’s job market has undergone one remarkable change — the number of self-employed […]

Carsten Koall/Getty Images Germany’s and Greece’s finance ministers Wolfgang Schauble (L) and Yanis Varoufakis (R) shake their hands at a press conference in Berlin on February 5, 2015. The German parliament has voted in favour of an extension to the Greek bailout programme.  The motion was approved by 542 votes. 32 MPs voted against it.  […]

REUTERS/Thomas Peter A man smokes a cigar during the opening night of the Millionaire Fair in Moscow November 27, 2008. There has been a lot written about the dangers that inequality poses for societies over the past few years, especially after the publication of French economist Thomas Piketty’s best-selling book Capital in the Twenty-First Century. Yet […]

REUTERS/Maxim Zmeyev Russia’s Energy Minister Alexander Novak makes a throw during the basketball match between graduates and students of the Moscow State University in Moscow January 25, 2015. Good morning! Here are 10 things you should know in markets today. Russia will participate in Ukraine’s gas talks. Russian Energy Minister Alexander Novak said on Friday that […]