Iji Lazarus

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Here's why one of the world's richest men wears hand-me-down clothes

With a net worth of more than $40 billion, Ingvar Kamprad, founder of the furniture chain Ikea, is among the richest people in the world.<p>He is also, it appears, among its most frugal.<p>This week, the eccentric billionaire — No. 9 in last year's Bloomberg Billionaire's List — revealed in a documentary …

Shake Shack Inc. Plunges, But It Still Might Be Overvalued

Shake Shack served up some meaty sales and profits in 2015, but the coming year is looking to be a little less beefy. Image source: angela n.<p>In a case of "What have you done for me lately?", the market sent <b>Shake Shack</b>'s stock careening lower after it posted sales and profits that beat analyst …

Here's Why Bojangles' Stock Is Sizzling Today

Shares of chicken ‘n biscuits chain Bojangles were sizzling Friday, rising nearly 24% after the Southern fast-food company reported its annual …

Meet Kyle Vogt, the 'Robot Guru' Who Just Sold His Second Billion-Dollar Startup in Two Years

The Cruise CEO is Silicon Valley's latest entrepreneur with the Midas touch.<p>Ten years ago, Justin Kan and Emmett Shear had just sold their app company, Kiko, and were itching for another venture. They had a concept — livestream video — but no idea how to build it. So they sent an email to the MIT …

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Twitter Says Handing Out More Stock Bonuses Won't Hurt Its Business

Twitter is giving away stock to employees to keep them around -- and tells Wall Street that's a good thing.<p>Twitter CEO Jack Dorsey said on the company’s last earnings call that his No. 1 priority is recruiting. That includes retaining employees already in the building. To do that, Twitter is …

AT&T, Starwood, Marriott Poised to Ink Cuba Deals

Three major U.S. corporations are preparing to complete deals to do business in Cuba as an approving President Barack Obama gets ready for a historic presidential trip to the island later this month. With just over a week until Mr. Obama's March 20 visit, at least three companies—AT&T Inc., …

Why African art is so hot right now - CNN Style

Written by Eoghan Macguire, for CNN<p>The champagne flows, the bidders haggle and the unmistakable crack of the gavel sounds.<p>The scene could easily be set at the dapper auction houses of London or New York.<p>But this is the Circle Art auction in Nairobi, Kenya -- East Africa's only contemporary art …

10 New Ideas And Products That Will Change Business As Usual In 2014

I’ve seen a lot of changes in the past couple months that have convinced me that we’re headed in several new directions. Some of these tracks will sputter to an end, and some will merge with the others, but it’s clear that there are a lot of exciting developments worth analyzing.<p>Not all of these …

Craig Venter: 'This isn't a fantasy look at the future. We are doing the future'

Craig Venter reclines in his chair, puts his feet up on his desk and – gently stroking his milk chocolate-coloured miniature poodle, Darwin, asleep in his arms – shares his vision of the household appliance of the future. It is a box attached to a computer that would receive DNA sequences over the …

Eating popcorn in the cinema makes people immune to advertising

Eating popcorn in the cinema may be irritating not just for fellow movie goers, but for advertisers: a group of researchers from Cologne University has concluded that chewing makes us immune to film advertising.<p>The reason why adverts manage to imprint brand names on our brains is that our lips and …