Warren Buffett diagnosed with prostate cancer

Mr Buffett said he will begin a two-month treatment consisting of daily radiation treatments in mid-July. This will limit his ability to travel during that time, he said in the statement.


94-Year-old Austrian billionaire to marry for the 5th time

Wlaschek is the fifth-oldest billionaire in the world after only Walter Haefner, David Rockefeller Sr., Albert Ueltschi, and Kirk Kerkorian. He founded the Austrian retail chain Billa and sold it for about $1 billion in 1996, after more than four decades


Rolls-Royce debuts Phantom II

Rolls-Royce Motor CEO Torsten Muller-Otvos detailed changes made to the Phantom II as it made its North American debut at the NY auto show.


Meydan lauds partners of world's richest race

This year the Dubai World Cup will celebrate its 17th running and will offer another first in its prestigious history as the programme has grown to include nine spectacular races and prizemoney of a world record $27.25 million.


Behind the Bonus - Discretionary Income and Luxury Spending

Facing such significant declines, Wall Street firms have trimmed 2011 discretionary pay. Wall Street’s cash bonus pool fell by 14 per cent last year to $19.7 billion, the lowest since 2008, according to projections by New York state Comptroller Thom


Profiles of the World's Best CEO's

How talented titans such as Alan Mulally of Ford, Jeff Bezos of Amazon.com and Jamie Dimon of JPMorgan Chase earned their place in the spotlight.


Jaguar launches new global brand strategy

The basis for the new strategy is the marque's existing product range - the sporting XK, and the XF and XJ saloons. Each combines a stunning exterior form with luxurious, contemporary interior design that's the result of the talented team led by


Tiffany reports double-digit growth y-on-y

Net earnings increased 24% excluding nonrecurring items and earnings per diluted share rose 23% to $3.60 (see "Non-GAAP Measures" schedule). Management also provided its financial forecast for fiscal 2012.


How Facebook Billionaires Dodge Mega-Millions In Taxes

Moreover, Securities & Exchange Commission filings show Levchin still has 3.9 million shares of Yelp, now trading near $22, in his Roth. So it appears his tax-free “retirement” kitty is worth at least $95 million—and maybe a lot more