Tag Archives: million

How this mom turned $775 into a $65 million company in only 5 years

In 2007, Julie Deane’s 8-year-old daughter, Emily, was being bullied — she’d lost her happy, extroverted personality and came home from school with bruises on her arms. The British mother of two made a promise that day to send her children to private school. But Deane only had £600 ($775) to spare, not the £24,000 ($31,000) it would take to ... Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms ... Read More »

United to pay $2.4 million over ‘Chairman’s Flight’: U.S. SEC

United Airlines’ parent company (UAL.N) will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines’ decision in December 2011 to add a nonstop flight ... Read More »

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval. Deutsche Bank denied wrongdoing. The bank in ... Read More »

Fiat Chrysler recalls 1.9 million vehicles over air bag defect

Car maker Fiat Chrysler is recalling 1.9 million vehicles over an air bag defect that may be linked to three deaths and five injuries. The defect may stop air bags deploying and seat belts tightening in a head-on crash. Certain Chrysler, Dodge, Jeep and Lancia vehicles from 2010 to 2014 are being recalled. There have been a number of car ... Read More »

NY Fed first rejected cyber-heist transfers, then moved $81 million

Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter. On the day of the theft in February, the New ... Read More »

North Korean invasion: Kim’s masterplan will leave a million dead

Starved of food, North Korea is on the brink of collapse, and in its desperation threatens an invasion of its South Korean neighbours. Reports from the country reveal Kim Jong-un has built a replica of the South Korean presidential palace to train his troops for an invasion as tensions escalate. And with America pledged to defend the South in case ... Read More »

Nissan to recall 3.53 million vehicles: air bags may not deploy

Nissan Motor Co Ltd (7201.T) said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction. The Japanese automaker said this is the fourth recall since 2013 to address problems with occupant classification systems that may fail to properly identify adult front seat ... Read More »

Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs Group Inc (GS.N) paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. Blankfein received $24 million for 2014. On top of his salary and other awards, Blankfein is eligible to receive a total of $7 million based on the bank’s performance over the ... Read More »