Billionaire George Soros’s Soros Fund Management LLC has more than doubled its holding in the biggest gold exchange-traded fund in the fourth quarter after bullion advanced 8.9% to a record. The $25 billion New York-based firm became the fourth- largest holder in the SPDR Gold Trust, adding 3.728 million shares valued at $421 million.
Microsoft is hosting one of its biggest summits. It has told its fans attending the meet that they should not tweet any information about the gathering. A few enthusiasts, however, are not listening.
In 2007 News Corp. believed it could do a deal with Yahoo that would have valued MySpace at $25 billion. Now, thanks to Facebook, few people believe MySpace is worth more than the $580 million News Corp. paid for it. What will Rupert Murdoch do with this dud?