empire
China’s massive shipbuilding industry is key to its military’s naval modernization.Dual commercial and military shipyards and China’s national ambitions are major strengths.But military corruption and future maintenance issues raise questions about long-term sustainability. China’s shipbuilding industry is at the core of its efforts to modernize its navy, producing new warships…
Alex Jones’ conspiracy theory empire Infowars will be sold off for parts to pay off a fraction of his massive court judgments — but it likely won’t be the end of the far-right commentator.In a court hearing on Tuesday, a Texas bankruptcy judge announced that he will approve the auctioning…
The fight in a nutshell: Rupert Murdoch’s wealth is tied up in controlling stakes of his two companies — News Corp, which owns properties like the New York Post and The Wall Street Journal, and Fox Corp., which owns Fox News and the Fox broadcasting network. Control of those stakes…
By Klaus Lauer BERLIN (Reuters) -German media empire Axel Springer will be split between CEO Mathias Doepfner and private equity firm KKR, the company said on Thursday, in a deal that secures the billionaire chief executive’s control over news titles Bild and Politico. Axel Springer’s profitable classifieds businesses are to…
This as-told-to essay is based on a conversation with Krissy Cela, a 29-year-old fitness entrepreneur based between London and LA. The following has been edited for length and clarity.I was an immigrant child, and growing up in the UK in an Albanian family wasn’t easy.I was different, and kids bullied…
In 2008, Starbucks investors were pressing CEO Howard Shultz to cut costs at the coffee chain.One had a novel idea for saving money, Schultz said in a 2010 interview: Why not end healthcare benefits for part-time Starbucks employees? Schultz turned the suggestion down, he told Fortune, and suggested that the…
