Kevin O’Leary stars on ABC’s new business reality show Shark Tank as one of five executives who vet business ideas pitched by would-be entrepreneurs. O’Leary often delivers the harshest of the business critiques
A Surprise on Wall Street: Luxury Rentals May Benefit From Stabilization Ben Rosen, a 23-year-old private equity analyst, never had second thoughts about moving into 37 Wall Street, a luxury Beaux-Arts building that houses a Tiffany store and sits among the country’s halls of financial might. It had all the amenities any titan in training […]
One year after the collapse of banking stalwart Lehman Brothers, the administrator of its European business says the full impact on creditors may not be known until 2010. Tony Lomas, a partner for PricewaterhouseCoopers, has been sorting through the financial remains of the banking giant’s European division since last September, when it became clear the bank would file for bankruptcy.
Japan Airlines is to cut 6,800 jobs, slash its network of overseas routes and withdraw from some airports as it seeks to attract the funding it needs to repair its balance sheet. Haruka Nishimatsu, JAL’s president, also said that the company aims to agree on a capital injection from a foreign rival by mid-October
Enchantment can be dangerous work. A series of employee fatalities this summer at Walt Disney World in Orlando, Fla., has exposed a hard truth: the recipe for making dreams come true at the Magic Kingdom includes not only pixie dust and princesses but the hard work of very mortal human beings acting in a risky world where sometimes things go badly awry. Over the past six weeks at Disney World, a 21-year-old monorail driver, a 47-year-old actor portraying pirate Captain Jack Sparrow’s henchman “Mack” and a 30-year-old stuntman practicing for the Indiana Jones Epic Stunt Spectacular died in on-the-job accidents