One of the best-kept secrets of America’s billionaires is the size of their tax bills. Tesla has provided a rare glimpse into this world, disclosing on Thursday that its billionaire CEO, Elon Musk, paid at least $593m
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CEO Kazuo Hirai is showing the turnaround at Sony was no fluke. The Tokyo-based company reported preliminary operating profit of ¥285bn (US$2,6bn; R34,3bn) for the fiscal year to March 2017, 19% higher than its previous
Only six remaining milestones stand between Tesla’s Elon Musk and an estimated $1,4bn windfall for the car maker’s billionaire CEO. Musk, who was awarded 5,27m stock options in 2012 tied to Tesla operational
Facebook’s research unit, Building 8, is working to make it possible for people to type using signals from their brains, part of the lab’s broader effort to free people from their phones. Regina Dugan, hired from Google parent
Korean prosecutors pursuing bribery charges against Samsung heir Jay Y Lee have zeroed in on a five-minute chat with the country’s president as the start of a relationship that put both behind bars. The landmark trial of South Korea’s
Facebook CEO Mark Zuckerberg laid out his strategy for augmented reality on Tuesday, saying the social network will use smartphone cameras to overlay virtual items on the real world rather than waiting for AR glasses to be technically possible. People will
For now, Netflix investors can have rapid subscriber growth or a big jump in profit – not both. The streaming video giant reported first-quarter user gains that fell short of estimates because there wasn’t a House of Cards-style hit to draw new viewers and
Richard Peng didn’t get to become one of China’s most accomplished dealmakers by pussyfooting around. In 2013, the Tencent acquisitions chief took a shine to a scrappy little ride-hailing app called Didi. He tracked down reluctant founder
Semiconductor maker Advanced Micro Devices is betting that a purchase of a Texas-based chip maker will help drive the adoption of more portable virtual reality headsets. AMD announced its
The South Korean trial of Samsung heir Jay Y Lee for alleged bribery took an unusual twist on Thursday as prosecutors said the company tried to conceal its gift of a billion won (R12m) horse by exchanging