Got a spare billion? Bankers keen to help

Jan 26, 2015

Got a spare billion? Bankers keen to help

The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganizing teams to cater to wealthy clans, from Chinese multimillionaires to old ...

Obama to target rich in State of the Union

Jan 18, 2015

Obama to target rich in State of the Union

U.S. President Barack Obama will speak to the nation Tuesday in a State of the Union address that comes as he readies to lock horns with ascendant Republicans. The annual speech, the most important in the U.S. political calendar, will come exactly two years ...

Wealth gap dividing relationships

Jan 5, 2015

Wealth gap dividing relationships

by Bernard Condon

When Jayson Seaver thinks about why he makes so much money while some Americans can’t catch a break, he thinks of the sacrifices he has made, the jobs he worked to pay for college, the 12-hour days he spends at the office now. And ...

'Nut rage' Korean Air vice president arrested

Dec 31, 2014

'Nut rage' Korean Air vice president arrested

South Korean prosecutors have arrested a former Korean Air Lines executive for allegedly endangering flight safety by delaying a plane because her macadamia nuts were not served the way she wanted, officials said Wednesday. Cho Hyun-ah, the daughter of the airline’s chairman, has faced ...

Dec 13, 2014

U.S. racial wealth gap widens

America’s economic recovery has not been equal among the races, according to a Pew Research Center study released Friday. The study found that the wealth gap between white households and minorities has widened in recent years. The wealth of white households was 13 times ...

Russia jails U.S. businessman over broken window

Dec 2, 2014

Russia jails U.S. businessman over broken window

Last year, he tried to bring former NFL quarterback Tim Tebow to Moscow to play for his American football team. Now American businessman Mike Zaltsman sits in a crowded jail cell, accused of breaking a window. The Boston entrepreneur is involved in a dispute ...