Zoheb Khan

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Stallone puts 'Rocky,' 'Rambo' memorabilia up for auction

LOS ANGELES (AP) — Sylvester Stallone is parting with memorabilia from the "Rocky" and "Rambo" movies, but he's keeping the two characters alive …

Samsung to cut price of Galaxy S6 lineup to boost sales

In a sign of what some will undoubtedly consider desperation, Samsung (SSNLF) will soon lower the price of its flagship smartphones. The South Korean …

Barrick sells half of South American copper mine to Antofagasta

Barrick Gold Corp. said it sold half of its South American copper mine to Antofagasta PLC for $1-billion, in a deal that will see the Chilean company operate the mine.<p>The sale of Zaldivar will help Barrick slash its $13-billion debt. The company, the world's biggest gold producer, has vowed to cut …

Valeant’s $3-billion man: CEO's big bet pays off

Michael Pearson is living every management consultant's dream: In 2008, he left McKinsey & Co. after 23 years to take the helm of the emerging Valeant Pharmaceuticals International Inc. Less than a decade later, he has nearly $3-billion (U.S.) in stock and options in the company, with the potential …

The 27 highest-paying jobs that don't require a bachelor's degree

According to the latest data from the US Bureau of Labor Statistics, these are the 27 highest-paying jobs that you don't need a four-year degree to pursue. Each has a median annual salary of at least $60,000.<p><i>This is an update of a story originally written by Vivian Giang.</i>

Online gambling firm 888 clinches deal to buy Bwin.party for $1.4B

<i>(Reuters)</i> – Online gambling firm 888 said it would buy peer Bwin.party Digital Entertainment in a cash and stock deal valued at about 898 million pounds ($1.40 billion).<p>The offer of 104.09 pence per share is at a 1.2 percent premium to Bwin.party’s close on Thursday and consists of 39.45 pence in …

Valeant to buy Egyptian drug maker for $800-million

Serial acquirer Valeant Pharmaceuticals International Inc. says it plans to use its $800-million (U.S.) acquisition of Egyptian drug-maker Amoun Pharmaceutical Co. as a springboard for further growth in the Middle East and North Africa.<p>Valeant, which is based in Laval, Que., said on Friday it has …

How Apple could make a $53 billion profit this year

Apple appears to be gearing up for a record breaking year.<p>In the last three months of 2014, Apple posted the biggest quarterly profit -- $18 billion -- in corporate history. For Apple's fiscal year, which ends in September, the company is set to rake in $52.5 billion in earnings, according to …

Chinese company bids 10,000 euros for Spanish airport that cost 1 billion to build

Sometimes if you build it, they won't come with very much money.<p>An ambitious construction project has become an embarrassing reminder to Spaniards of …

Costly Spanish 'ghost airport' gets 1 meager bid at auction

MADRID (AP) — One of Spain's "ghost airports" — expensive projects that were virtually unused — received just one bid in a bankruptcy auction after …

A retail CEO worth $840 million lives in a Las Vegas trailer park

The Zappos CEO has a reported net worth of $840 million.<p>But Hsieh chooses to live in a Las Vegas trailer park he owns, according to a recent profile in The New York Times.<p>The trailer park is "crammed with shiny silver Airstreams that are rented out to visiting computer coders," according to David …