Getty Sports Direct boss and Newcastle United Football Club owner Mike Ashley. British billionaire Mike Ashley just took an unprecedented step in trying to resolve political and public anger over alleged unfair unemployment practices and pay at his bargain sportswear retailer Sports Direct — he is giving them a pay rise and it’s going to […]

Getty Book burning festival. The Financial Conduct Authority just took a major step in trying mend the relationship between the regulators and the banks — it is scrapping the publication of its findings in its huge review of the industry’s culture. The FCA announced in its Business Plan 2015/16 that it would do a big probe into Britain’s […]

Ocado shares tanked in today’s trading session after investors started to abandon the stock on one piece of terrifying news. And what’s so worrying for investors in Ocado, which is an online grocery delivery group that also creates a whole heap of technology that it can sell to other businesses? Chris North, the CEO of Amazon UK, said in […]

Thomson Reuters Fireworks explode above a floating mosque during New Year’s Eve celebrations at Losari beach in Makassar When South Korean-born hedge fund manager Melissa Ko came to the US as a teenager, she couldn’t speak English.  She excelled in math, graduated from the Massachusetts Institute of Technology, and made a name for herself as […]

Reuters People wearing 3D glasses stand in the planetarium “Atmos” to watch a three dimensional projection during its photo opportunity at the National Museum of Emerging Science and Innovation (Miraikan) in Tokyo January 14, 2009. We could be hearing a lot more stories like this. Big stories. On Tuesday night Moody’s became the first ratings […]

The Fifth Ave home of the late philanthropist Carroll Petrie has been sold to Wall Street billionaire James Tomilson Hill, vice chairman of the Blackstone Group hedge fund the Real Deal reports. Hill passed through the notoriously picky co-op board at 834 Fifth Avenue to buy the $ 30 million 2 bedroom apartment. It features 11.5-foot height ceilings, […]

Inventions push mankind forward scientifically and economically. Unsurprisingly, it is the inventor who is often the early tester of those inventions. And some of those inventions pose deadly risks. With the help of Wikipedia, we compiled a short list of brilliant engineers, scientists, and old-fashioned daredevils who fell victim to their own ideas. 1. The co-founder […]

Reuters RAF Hercules aircraft are dubbed the “workhorses” of the sky for Britain’s Ministry of Defence. This is because they carry troops, supplies and equipment in support of military operations and the MoD pretty much can’t live without them. Cambridge-based Marshall Aerospace, Lockheed Martin and Rolls-Royce, jointly just won a £369 million ($ 547 million) to maintain the […]