Saks Global announces new CEO Richard Baker amid bankruptcy reports

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A pedestrian passes in front of the Saks Fifth Avenue at Brookfield Place in New York. Allison Joyce | Bloomberg | Getty Images Saks Global named a new CEO on Friday as the retailer is reportedly on the cusp of filing for bankruptcy protection. The parent of high-end department store chain Saks Fifth Avenue, which is privately held, […]


Legal battle to run the National Lottery begins between Richard Desmond and UKGC

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The court battle between billionaire Richard Desmond and the UKGC will begin this week to decide the license to run the National Lottery. Northern & Shell and The New Lottery Company (TNLC), owned by Desmond, is suing the UK Gambling Commission for up to £1.3 billion in a battle over the license to run the […]


C. Richard Kramlich, Early Investor in Silicon Valley, Dies at 89

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C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89. His death was announced by New Enterprise Associates. Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades, […]