David Petrus

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Mark Zuckerberg 'buys part of Hawaii' for $100 million

The Facebook chief executive will have an estate befitting a billionaire as he buys up 700 acres on the island of Kauai, Forbes reports<p>Mark Zuckerberg has reportedly paid more than $100 million for a swathe of land in Hawaii where he will create a private getaway befitting one of the world's …

One Of The World's Biggest Oil Projects Is A Total Fiasco

But the project, whose name sounds unfortunately like "cash all gone", went spectacularly awry. A year ago, when the first trickle of crude briefly flowed, it was already eight years behind schedule. Having cost $43 billion, it was $30 billion over budget. And production lasted only a few weeks …

Geberit offers $1.4 billion to take over ceramics maker Sanitec

ZURICH — Geberit AG offered Tuesday to buy a Finland-based ceramics company for roughly $1.4 billion in cash, as the Swiss plumbing equipment giant …

15 most hated S&P 1500 stocks in this terrible market

The stock-market waters are rough, with the S&P 500 Index now up only 1% this year, when investors were looking at a 9% gain last month after the …

Fortune.com

• 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, …

Olive Garden parent company names interim CEO

NEW YORK (AP) — Olive Garden's parent company Darden Restaurants promoted Chief Operating Officer Gene Lee to interim CEO after a board takeover by …

Dow Goes Negative

After gaining as much as 130 points near noon, the Dow has turned negative late afternoon trading, falling as much as 35 points.<p>The S&P 500 has also turned negative, falling as much a point after gaining more than 1% earlier in the day.<p>The Nasdaq is up 20 points.<p>Earlier, the Nasdaq was up more than …

UK inflation rate falls to 1.2%

<b>UK inflation fell to a five-year low of 1.2% in September from 1.5% the month before, official figures show.</b><p>The rate - as measured by the Consumer Prices Index - is the lowest since September 2009, when it was 1.1%.<p>Lower energy and food prices helped to cut the rate, while the Office for National …

Germany cuts growth forecasts to 1.2 percent this year, 1.3 percent next

BERLIN (Reuters) - The German Economy Ministry slashed its forecasts for economic growth on Tuesday to 1.2 percent for this year and 1.3 percent for next year, blaming crises abroad and moderate global growth.<p>Robots apply black glue on an Audi A3 car side parts at the production line of the German …

Wells Fargo hits estimates, earns $1.02 per share

Wells Fargo earned $1.02 a share in the third quarter in line with analysts' estimates, the bank said Tuesday.<p>Earnings per share and net income of $5.7 billion were both up 3% from the same quarter a year ago.<p>Revenue was $21.2 billion, up 4% and above the FactSet consensus estimate of $21.1 billion.<p>…

Here Comes Eurozone Industrial Production...

This follows more awful figures from the Eurozone: industrial production dropped 1.9% in the year to August. Economists had expected a 1.6% drop between July and August, but got a steeper 1.8% decline.<p>A lot of that is driven by Germany's abysmal industrial figures. The powerhouse economy recorded a …

JPMorgan sets aside $1bn for forex probe

JPMorgan Chase set aside $1bn in legal reserves, depressing third-quarter results on Tuesday, as the largest US bank by assets prepares to pay big …