Frank Stronach – From Austria to Aurora, to auto parts, to the courts

Frank Stronach Frank Stronach founded Magna in 1957 and built the Aurora, Ont.-based firm into one of the world’s largest auto-parts companies.   Frank Stronach Frank Stronach founded Magna in 1957 and built the Aurora, Ont.-based firm into one of the world’s largest auto-parts companies. Now, a long-running family feud has spilled into the courts as Mr. Stronach launched a $520-million …

Pakistan Seeks IMF Bailout as Imran Khan’s Government Sends Mixed Messages

Pakistan Seeks IMF Bailout Christine Lagarde, the International Monetary Fund’s managing director, third from right, meeting with Asad Umar, Pakistan’s finance minister, third from left, in Bali, Indonesia, on Thursday.Pakistan Seeks IMF Bailout   Pakistan Seeks IMF Bailout By Maria Abi-Habib Oct. 11, 2018 NEW DELHI — After Pakistan’s government signaled that it would seek a bailout from the International Monetary …

2018 Economics Nobel – William Nordhaus and Paul Romer awarded 2018 prize

2018 Economics Nobel Paul Romer and William Nordhaus – why they won the 2018 ‘economics Nobel’ 2018 Economics Nobel William Nordhaus and Paul Romer have been awarded the 2018 Sveriges Riksbank Prize in Economic Sciences (colloquially known as the economics Nobel). Both are macroeconomists dealing with long-run dynamics – big questions of what spurs economic growth, the importance of sustainable growth …

First Impressions – People will make snap judgments as soon as they meet you

First Impressions   A growing body of research shows the snap judgments people make about others’ trustworthiness are wrong more often than most people think. These first impressions are formed in milliseconds, based on instinctive responses in the brain’s emotion-processing center, the amygdala. To help build trust, keep a pleasant, positive expression. Suddenly switching from a downbeat expression to a giant smile …

Fila Brand How Changing Trends Resurrected FILA As A Fashion Brand

Fila Brand FILA, a mid-market footwear and apparel company that some had left for dead, has shifted its image to an on-trend fashion brand Fila Brand Similar to how adidas AG (ADR) ADDYY 1.19% engineered a turnaround three years ago, positioning the brand at the intersection of sport and fashion, FILA is also reinventing itself. The company has re-emerged as an in-demand fashion brand in the …

General Electric Mess – How GE Went From American Icon to Astonishing Mess

General Electric Mess Famous for great management, General Electric is staring down a plunging share price, a federal investigation, and possible breakup.   General Electric Mess In the century following the Civil War, a handful of technologies revolutionized daily existence. The lightbulb extended the day, electric appliances eased domestic drudgery, and power stations made them all run. The jet engine …

Counterfeit Saudi Prince – His 30-Year Odyssey – Khalid bin al-Saud.

Counterfeit Saudi Prince Counterfeit Saudi Prince My name is Khalid,” he tells me, and I want to believe him. After all, he has traveled the world as royalty—the son of the king of Saudi Arabia, no less. Leading international investors know him as His Royal Highness Khalid bin al-Saud. He moved in an entourage of Rolls-Royces and Ferraris, his every …

Frugal Billionaire – People love stories about supposedly penny-pinching billionaires

Frugal Billionaire You may have heard that Warren Buffett, the CEO of Berkshire Hathaway whose net worth is somewhere around $87 billion, lives in a modest house he bought in 1958 for just $31,5000. Or that Facebook CEO Mark Zuckerberg drives a stick-shift Volkswagen GTI. Maybe you’ve seen those articles floating around about how Bill Gates, who was once the wealthiest man in the world, wears …

Working Remotely Entire Staff – InVision is a software startup that has 700 employees but no office space.

Working Remotely Entire Staff InVision’s 700 employees. The company doesn’t have a physical headquarters — every employee works remotely.   Working Remotely Entire Staff When InVision was founded in 2011, its CEO and founder, Clark Valberg, knew he’d have to get creative to maintain a competitive edge. Google had recently increased its presence in Manhattan, making it all the more …