Vladimir Rys/Getty Images Dietrich Mateschitz, cofounder of Red Bull. With an estimated net worth of over $ 16 billion, Red Bull cofounder and CEO Dietrich Mateschitz is the wealthiest person in Austria. After essentially creating the market for energy drinks with the invention of Red Bull in 1987, Mateschitz and cofounder Thai businessman Chaleo Yoovidhya came up with […]

[unable to retrieve full-text content] Thomson Reuters Chief Executive Officer of United Airlines Munoz. United Airlines CEO Oscar Munoz said Tuesday that the incident where a passenger was forcibly dragged off a flight was a “horrible failure” and that the airline has reached a “turning point.” “For the last three weeks, I have spent literally […]

Reuters A bonfire pyre with the words “EU EXIT” is seen in Tiger’s Bay. LONDON — British workers’ confidence in the government’s negotiating skills remains very low ahead of Article 50′s scheduled trigger on Wednesday afternoon, according to a survey of over 2,000 people from salary ranking website Glassdoor. Britain’s two-year exit process from the […]

Amos Chapple/RFE/RL As temperatures dip below 30 degrees Fahrenheit, the rivers of Russia’s Arctic north freeze solid. While for most it’s an excuse to stay indoors, winter is when the trucking business comes to life. Truck drivers ferrying supplies to the farthest, coldest reaches of Russia hop into their vehicles and drive over those frozen […]

President-elect Donald Trump’s administration is considering political commentator and economic analyst Larry Kudlow to chair the Council of Economic Advisers. Stephen Moore, a conservative economist who advised Trump’s presidential campaign, told a luncheon in Michigan that Kudlow would likely be the next chair of the council, a source who was in attendance told Business Insider. […]

REUTERS/Brendan McDermid Traders working on the floor of the New York Stock Exchange. “Information wants to be free,” the technology activist Stewart Brand once said. “Information also wants to be expensive.” That is proving true on Wall Street, where stock exchanges — in particular the New York Stock Exchange and Nasdaq — both publicly traded […]

AP The investors behind Sprout Pharmaceuticals, the drugmaker that developed what came to be known as “female Viagra” are suing Valeant Pharmaceuticals for failing to commercialize the drug. Valeant acquired Sprout for $ 1 billion in August 2015. The deal was struck right after Sprout won approval for Addyi, which intends to treat women with chronically low sex drives, […]