Allen co-founded Microsoft with Bill Gates in 1975. Since leaving the company in 1983, he has whittled his 28 percent stake to less than 2 percent, collecting more than $20 billion along the way. The proceeds have been reinvested through his investment company, Vulcan, which has holdings in energy, entertainment, cable, real estate and technology.
Only four days until we get a final Volcker Rule, are you excited? Here someone claims that the rule will be "quite short," which would be nice for me, since I guess I ought to read it. Also: bitcoins.
Paul Allen, who co-founded Microsoft Corp. with Bill Gates, will fund a survey of the number of elephants in Africa to help combat poaching that is claiming the life of one of the pachyderms every 15 minutes.
Cox Communications Inc., the third- largest U.S. cable-television provider, is considering a bid for Time Warner Cable Inc., joining a growing field of prospective bidders, a person with knowledge of the deliberations said.
A breakup of Time Warner Cable Inc., which Comcast Corp. and Charter Communications Inc. are said to be considering as part of a joint bid, would let the industry consolidate while potentially sidestepping regulatory hurdles.
U.S. stocks and Treasuries rose, as improving economic data offset concerns that the Federal Reserve will cut monetary stimulus as soon as next month. The euro strengthened after German business confidence climbed to the highest in more than 1 1/2 years.