Behind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions
The purchase created a multi-brand luxury powerhouse made up of Michael Kors jet-set lifestyle apparel and designer bags, the iconic Jimmy Choo footwear brand, plus the red-carpet glamour of Versace.…
President Trump stands ready to send U.S. Big Oil into Venezuela en masse, but the messy reality of rebuilding a ruined industry takes many years
More than doubling Venezuela’s current oil production likely would take until 2030 and cost about $110 billion, said research firm Rystad Energy, arguing that bringing Venezuela—home to the world’s largest…
92-year-old judge cuts Maduro’s protestations of innocence short: ‘There will be time and place to go through all of this’
“I was captured,” Maduro said in Spanish as translated by a courtroom reporter before being cut off by the judge. Asked later for his plea to the charges, he stated:…
Trump tells NBC U.S. may reimburse firms for Venezuela oil efforts
President Donald Trump suggested the US may subsidize efforts by energy companies to rebuild Venezuela’s oil industry as his administration seeks to convince firms to invest in the country days…
Trump’s strike on Venezuela gives the U.S. 30% of the world’s oil reserves on paper and a $100 billion rebuilding job in reality
President Donald Trump’s plans to restore Venezuela’s beleaguered oil industry faces a series of challenges that will cost U.S. oil companies many billions of dollars to overcome.The move follows a…
Denmark threatens to end postwar peace under NATO if Trump seizes Greenland
Frederiksen and her Greenlandic counterpart, Jens Frederik Nielsen, blasted the president’s comments and warned of catastrophic consequences. Numerous European leaders expressed solidarity with them.“If the United States chooses to attack…
Meet Greg Abel, the new boss of Berkshire Hathaway—Warren Buffett’s successor started out by selling empty soda bottles for 5 cents and now he’s a billionaire CEO
Abel got his first taste of business at a young age, collecting, cleaning, and redeeming empty soda bottles for just 5 cents a piece.Berkshire Hathaway’s new baby boomer CEO is…
Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades
In practical terms, it was a way to pay bills without fully admitting the cost. The long-run risk wasn’t just hyperinflation; it was that once people stopped trusting the coin,…
Machado once backed Trump’s Venezuela plan. Now the jilted Nobel laureate is frozen out
In October, María Corina Machado portrayed President Donald Trump as the leader who would help deliver a peaceful, orderly democratic transition centered on Venezuelan opposition figures.Instead, he is signaling a…
Forget an MBA: Hasbro forces workers to sit through a Monopoly-style board game to see if they’re fit for the C-suite—and it’s a tactic approved by Reid Hoffman
Then comes the final test.Players are grouped into teams and named co-CEOs of companies armed with existing Hasbro brands. Each round represents a year in business. As the game progresses,…
