Business

Fil-Am behind Snapchat among Forbes' 400 richest billionaires

Raised in Los Angeles, Spiegel attended Stanford University to study engineering product design but dropped out in his senior year to work full time on what has become one of the most popular apps in the world. Herbert Louis, South Carolina Johnson company heir, has $2.8 billion, landing at No. 246 spot in the country. The mobile messaging app they co-founded, SnapChat, has been valued at $16 billion by investors.

Business

Energy Transfer Equity buying Williams Cos. for $32.61B

Investors did not favor the buyer either. WPZ is expected to make up roughly 54% of ETE's cash flow in 2015 pro forma for the transaction. The slump explains how an Energy Transfer offer worth $48 billion when it was first publicized in early July was valued at less than $33 billion as of yesterday.

Business

Isro-Antrix to contest tribunal order in Devas case

He declined to give further details. The lawyers for Devas initiated the process to secure the award, including interest at 18 per cent post-ruling, and filed a petition in the Delhi High court on Monday. "With the ICC award having been issued, we hopefully can now move forward to concluding this dispute", said Larry Babbio, chairman at Devas Multimedia.

Business

QB Tyrod Taylor has Bills off to strong start

Eliminate the thinking and just let guys to just go out there and play football.  "Teams don't want us to get sacks and I commend them for that", Suh said. After taking stock of the Dolphins, he would likely give them a sell rating. Happy because what he witnessed in the fourth quarter of that game convinced him that the offense would be more effective in the weeks that followed.

Business

Hot stock: Noble Group shares fall 15% on global commodity woes

The stock remains down 75 percent this year, making it the worst performer on the U.K.'s benchmark index. Glencore closed at a record low in London on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.

Business

Volkswagen emissions scandal: what to do if you own a VW diesel

Volkswagen, for generations a model of German engineering prowess, is under huge pressure to take decisive action over the biggest business-related scandal in its 78-year history. What does this mean for emissions and mpg testing, how will it look in the future? In fact, in my driving tests I have found that while these systems represent a tremendous advancement in safety, they are far from ideal and can be inadvertently triggered by sudden changes in light or direction.