ABB Ltd. investors, reeling from Chief Executive Officer Joe Hogan’s announcement last month to step down, want a more frugally-minded replacement to integrate the $10 billion worth of U.S. acquisitions he left behind.
Andrew Cader, former head of Goldman Sachs Group Inc.’s Spear, Leeds & Kellogg LP, was sued by Steel Partners LLC Chairman and Chief Executive Officer Warren Lichtenstein over claims he helped wrongly inflate child support payments for the mother of Lichtenstein’s 5-year-old daughter.
Sir Ranulph Fiennes became the first man, with fellow soldier Charles Burton, to circumnavigate the globe by crossing the Arctic and Antarctic ice caps, from 1979 to 1982. When he climbed Mount Everest in 2009, he became the first person to cross both ice caps and summit the world's highest peak. His various attempts on the Poles, as well as mountaineering and running exploits have spanned more then four decades. Since 1984, he’s used his expeditions to raise more than 16 million pounds ($23.8 million) for charities, becoming one of the U.K.’s top fundraisers.
Elite universities recognize online courses as a way to educate the masses. Harvard and the Massachusetts Institute of Technology teamed up to introduce the nonprofit edX in May 2012, and Stanford, Princeton, University of Pennsylvania and University of Michigan were quick to sign on to Coursera Inc., a for-profit platform, which now offers more than 300 free courses.
A bipartisan group of U.S. senators is closing in on an agreement to expand background checks for gun purchases, a test of how far lawmakers may go to address gun violence after the shootings in Newtown, Connecticut.
July 20 (Bloomberg) -- In June, Ben Zotto embarked on a three-week trek up Mount Everest with a couple of close friends, a vacation he’s been dreaming of for years. He did it because he could: Zotto’s new employer, software startup Evernote, doesn’t limit or even track time off. Douglas MacMillan reports on Bloomberg Television's "Market Movers." (Source: Bloomberg)