Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, reported an 8.8 percent drop in second-quarter profit as spending on new models to stay ahead of competitors offset higher sales.
Iceland has won praise from Nobel laureate Paul Krugman and the International Monetary Fund for its ability to dig itself out of financial ruin. Now, the island is turning to Hollywood for the next chapter in its recovery.
The New York town of Southampton, a summer hotspot for Wall Street investment bankers and Hollywood stars, overpaid more than $1.91 million in lieu of taxes to two Long Island school districts, Comptroller Thomas DiNapoli said.
Hours after “The Testament of Mary” received a Tony nomination for Best Play of the 2012-13 season, the producers announced that the one-woman show will close this weekend following just 16 performances.
Hollywood stars such as Australians Russell Crowe and Hugh Jackman are among the celebrities targeted by organizers of a new U.S.-based Twenty20 cricket competition to help sell six $40 million franchises.
Mikhail Gorbachev ’s 80th birthday party in London’s Royal Albert Hall last night had diamonds, furs, Hollywood stars, wrinkly rockers and enough Botox to fill the craters of the moon. Understated it was not.
On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the world -- and brought along an elephant, which they tethered on the front lawn.