Elena Rybolovleva has filed a divorce complaint against her billionaire husband Dmitry, accusing him of using a “multitude of third-parties” to create a network of offshore holding companies and trusts worth over $600 million. She has brought legal action against with the hopes of regaining $6 billion. According to Bloomberg, the suits provide a window into the offshore structures…
In what will no doubt go down as battles for the books, Amazon.com and Overstock.com have officially lost their separate cases against New York State, in which they argued that New York’s Internet sales tax law was unconstitutional. The companies, based in Seattle and Salt Lake City respectively, took New York State’s Depart of Taxation…
Chesapeake Energy and its CEO, Aubrey McClendon, have been the public face of the U.S. shale gas revolution, which is as celebrated for its role in transforming energy geopolitics as it is feared for the potential environmental impacts of its key technology – hydraulic fracturing, or ‘fracking.’ Now, allegations of scandal at Chesapeake, the nation’s…
After realizing how a lack of power exacerbates poverty, Audrey Zibelman founded Viridity Energy – a Philadelphia-based startup backed by $24 million in venture capital. The company creates energy-saving software used by large facilities in the U.S. and helps them to manage their energy and decrease their overall expenses. But what is so revolutionary about…
In 1965 it was predicted that Americans would be working 20 hours a week by the year 2000, as a result of anticipated increases in labor productivity due to technological advancement. However, the number of hours Americans are working daily is only increasing, and workers are now required to get much more done and more…
According to World Bank President Robert Zoellick, threats posing the global economy are only growing – with the euro currently hanging in the balance. Zoellick has emphasized that the decisions that stand to be made in the near future, specifically by European leaders, could either make or break this fragile economic zone. Experts have indicated…
