Business

Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84

Angelo Mozilo, a founder of Countrywide Financial who presided over that lending giant’s rapid ascent and then its collapse during the financial crisis of 2008, died on Sunday. He was 84. His death, in the Santa Barbara, Calif., area, was announced in a statement by the Mozilo Family Foundation, the family’s philanthropic organization. It did

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Business

Edward C. Johnson III, 91, Dies; Made Constancy an Funding Big

Mr. Tsai wound up promoting his stake in Constancy and moved to New York, the place he created the Manhattan Fund and have become a billionaire company financier. He died in 2008. For many years, Constancy was the topic of intense hypothesis about whom Mr. Johnson would designate as his successor. After holding varied senior

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Business

Gaming Large Behind Fortnite Buys Bandcamp, an Indie Music Haven

However as streaming has change into the dominant format for music, artists have begun complaining, loudly, that they don’t seem to be receiving their fair proportion of the bounty. In keeping with business estimates, Spotify pays file labels, music publishers and different rights holders about one-third of a cent for each click on of a

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Business

BP to 'Exit' Stake in Russian Oil Large Rosneft

The British oil large BP mentioned on Sunday that it might “exit” its almost 20 % stake in Rosneft, the Russian state-controlled oil firm, making it one of many first massive firms to desert Russia after its invasion of Ukraine. BP, which is based in London, has labored in Russia for over 30 years, however

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World

BP to 'Exit' Stake in Russian Oil Big Rosneft

The British oil large BP mentioned on Sunday that it will “exit” its almost 20 % stake in Rosneft, the Russian state-controlled oil firm. BP additionally mentioned that each its chief govt, Bernard Looney, and his predecessor, Bob Dudley, would resign their seats on the Rosneft board. BP, which is based in London, has labored

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Sports

How Eileen Gu Received Gold in Huge Air With Two Big Jumps

BEIJING — Eileen Gu gained the ladies’s freeski massive air competitors on Tuesday after touchdown her largest and highest scoring trick in her last run: a left double 1620 with a security seize. The transfer, which entails 4 and a half revolutions within the air, was one she had by no means tried earlier than

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