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The 10 colleges that produce the most billionaires

We've all heard about college dropouts who became billionaires. Bill Gates, Mark Zuckerberg and Michael Dell all left college without a diploma only to succeed wildly. According to research firm Wealth-X, 70 percent of billionaires have a bachelor's degree. Wealth-X also provided CNBC with the top "billionaire universities" in the world, along with the number of current billionaires who received degrees (bachelor's, master's, MBA, JD, MD or PhD) from each. Read on to see which institutions yield

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Who is Jim Hackett, CEO of Ford?

Here's what you need to know about Jim Hackett, 62, who is succeeding Mark Fields as CEO of Ford Motor after leading the company's Smart Mobility division focused on new innovations in transportation. He knows what it's like to lead a company that's more than 100 years old. Hackett served as CEO of Grand Rapids, Mich.-based furniture company Steelcase for nearly two decades before relinquishing the post in early 2014. During a 16-month stretch as interim athletics director at his alma mater, the

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Facebook leaks reportedly reveal why it allows some videos of suicide and deaths to stay online

Facebook's internal guidelines on how it deals with a swathe of posted content from violence to revenge porn, has been leaked and published by The Guardian. The documents reveal the often strenuous conditions moderators work under which includes having to make a decision on whether a post should be removed in just 10 seconds, according to the report. The Guardian said it had seen over 100 internal training manuals, spreadsheets and flowcharts, on how Facebook moderators treat issues such as viol

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Trump administration reportedly trying to block effort to make it name ex-lobbyists on the payroll

The Trump administration is reportedly trying to block an effort to make it reveal the former lobbyists it has granted waivers to work at the White House or federal agencies, according to The New York Times. Walter Shaub Jr., director of federal watchdog the Office of Government Ethics, called the move "an extraordinary thing" and said he had "never seen anything like it," the newspaper reported. In late January, Trump signed an executive order that barred former lobbyists working in the governm

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Commerce’s Wilbur Ross sees a ‘big sea change’ in Saudi Arabia regarding women in business

Commerce Secretary Wilbur Ross told CNBC on Monday that he saw signs that Saudi Arabia continues "liberalizing their society" and relaxing some of the restrictions on women under the strict interpretation of Islamic law that rules the kingdom. "One of the panelists was the woman who is the head of the Saudi Arabian stock exchange," he said. Ross was referring to Sarah Al-Suhaimi, who was appointed in February as board chair of the Saudi Stock Exchange, also called the Tadawul. She is the chief e

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

‘The big equity run is over,’ says strategist who called Trump rally before election

The major stock rally after the U.S. presidential election is over, and investors should employ a new strategy to make money, closely followed strategist Mark Grant, who predicted the postelection rally, told CNBC on Monday. The chief strategist at Hilltop Securities said he changed his investing strategy after it became apparent that President Donald Trump would continue to get pushback as he attempts to "drain the swamp." "The big equity run is over," he added. Grant said on the morning of Ele

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Lack of workers, not work, weighs on the nation’s economy

"Our companies are saying, 'We could grow faster, we could produce more product, if we had the workers,'" he said. And it is bringing workers to Utah as fast as it can. Last year, 31.7 percent of adults in Utah were neither working nor looking for work, up from 28.2 percent in 2006. Last month, he placed an ad in local papers seeking three workers at wages starting around $12 an hour. "We are either going to import workers or we are going to import milk," Mr. Gibson said.

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Jared Kushner part of Trump’s Russia problem-commentary

(In fact, Kushner appears to have been "generally supportive" of the firing, according to the New York Times.) By now, though, it's clear that Kushner (at least sometimes) is the person who wants to lash out at the investigators. Mr. Kushner — who had urged Mr. Trump to fire Mr. Comey — was one of the few dissenting voices, urging the president to counterattack, according to two senior administration officials. It would protect Manafort, who has been out of the Trump family's orbit for quite som

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Melania Trump hails ’empowerment of women’ at Saudi company visit

U.S. First Lady Melania Trump praised the "empowerment of women" at a General Electric all-female service center in the Saudi capital on Sunday, saying the women should work together and educate their children well. "It is about finding the balance," she told the women, who took pictures of her with their smartphones. Later on Twitter, she wrote:Dressed in a tan knee-length dress, Melania shared a photo of herself with seven women dressed in abayas, the loose-fitting, full-length robes local wom

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Tax reform could reduce charitable giving by up to $13 billion per year

Increasing the standard deduction under tax reform would mean that there would be a higher hurdle to claim the charitable deduction. "The magnitudes that [the researchers] are talking [about] are not particularly big," said Scott Greenberg, an analyst with the Center for Federal Tax Policy at the Tax Foundation. And Goldman Sachs is worried that Wall Street is too sanguine about the prospects of tax reform given the legislative uncertainty. This is not the first time charitable giving has been t

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments
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