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One exception is Occidental Petroleum. In 1983 the energy and chemicals giant, then No. 14 on the Fortune 500, became the first large company to toss its pension and switch to a defined-contribution 401(k)-type system. That was at least a decade before most other large companies made...
How do young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists...
Ted Murphy, founder and CEO of Izea, says more than 10,000 Twitter users have signed up for Sponsored Tweets since early August. About 700 advertisers, mostly small to medium-size businesses, plus a handful of FORTUNE 500 companies, are using the platform. Marketers have access to the entire database...
Kadyrov's racehorses have already found fortune at prominent equestrian events. Bronze Cannon, a four-year-old thoroughbred, won the prestigious Hardwicke Stakes race at Ascot in July. His Indian Jameson stallion won the honor prize at the Moscow Hippodrome's 175th anniversary. Russian tabloid Komsomolskaya Pravda reported on July...
As a result of its economic boom, China has amassed a staggering $2 trillion in foreign exchange - the largest reserves in the world - and is beginning to invest significant amounts abroad. Today, 37 Chinese multinational corporations rank among FORTUNE's top 500 global companies, up from just six a decade...