Henry Kravis, co-chairman of KKR & Co., and art collector Donald L. Bryant Jr. agreed to resolve claims that Bryant reneged on an agreement to donate paintings by Jasper Johns to the Museum of Modern Art in New York.
ArcelorMittal USA LLC, part of the world’s biggest steelmaker, sued units of OAO Severstal, Russia’s second-largest steelmaker, and Nisshin Steel Holdings Co. for allegedly infringing a patent for metal used in auto parts.
A Jasper Johns painting of the American flag from the estate of author Michael Crichton sold for a record $28.6 million last night in New York at Christie’s International’s biggest contemporary art auction in two years.
It’s mid-October, and Jeffrey Gundlach is giving a stump speech to a luncheon crowd of about 200 financial advisers and investors at Los Angeles’s City Club. The renowned money manager’s theme: the financial catastrophe on the horizon.
President Barack Obama introduced his “date” and “dance partner,” Michelle Obama, at the Commander-in-Chief Ball last night in the Walter E. Washington Convention Center. The crowd roared their approval.
Stock markets are down. Europe is gyrating. Cash generates minuscule returns. Commodities, especially gold, can soar or tumble in an instant. In these perplexing times, Bloomberg Markets magazine in its January issue asked 10 billionaires 14 questions covering their views on the global economy, where they see opportunities and who gave them the best advice.