Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
AEG Worldwide, responding to Los Angeles officials, cut the amount of municipal bonds it wants the city to issue to build a convention center addition and make way for a proposed $1 billion football stadium.
New York’s cities and towns shouldn’t be able to block hydraulic fracturing within their borders because such prohibitions are trumped by state law, opponents of the bans told the state’s highest court.
Live Nation Entertainment Inc., the world’s largest concert promoter, and billionaire Philip Anschutz’s entertainment company will compete to operate London’s Olympic Stadium after the games end in August.