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Butcher-Turned-Gambling Billionaire Fights for His Casino Empire

(Bloomberg) — Billionaire Johann Graf has never had to fight on so many fronts at the same time.The ordinary-man’s gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His company is also battling allegations of corruption, its chief executive has left and it needs to refinance about 1 billion euros ($1.2 billion) in debt.“Not only is it in a delicate sector, but it’s also facing several challenges at once,” said Alois Woegerbauer, the head of 3 Banken-Generali …read more […]

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Stock market news live updates: Stock futures jump, Dow futures add 200+ points as Covid-19 vaccine, treatment hopes rise

Stock futures rose Monday morning, setting stocks up to add to last week’s record levels as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term. …read more […]

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Liz Weston: The 2 costs that can make or break your nest egg

If you earn a decent income but have trouble saving, the culprits could be the roof over your head and the car in your driveway. Retirement savers who contribute more to their 401(k)s often spend less on housing and transportation than their peers, according to a study by the Employee Benefit Research Institute and J.P. Morgan Asset Management. “It may be decisions that you’re making as you are building your life that will ultimately crowd out saving for retirement, ” says Katherine Roy, chief retirement strategist for J.P. Morgan Asset Management. …read more […]

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A Universal Law That Even Applies to Business

I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which I had secured a profit share… and there’s a good reason for that.
There’s something about aligning one’s interests with those of the business that makes such insights invaluable. It is immensely helpful in analyzing problems, understanding challenges and making important decisions.
Since then, I’ve written about the 80/20 rule many times. And now that I think about it, I can say that the Pareto perspective was …read more […]

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University of Pittsburgh Joseph M. Katz Graduate School of Business Selects ImagineAR as Partner in New MBA Course

VANCOUVER, BC and ERIE, PA, Aug. 24, 2020 /CNW/ – ImagineAR (CSE: IP) (OTCQB: IPNFF) an Augmented Reality Company that enables sports teams, retailers and brands to create their own instant mobile phone AR campaigns, is pleased to announce the Joseph M. …read more […]

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President Trump faces economic and health crises ahead of election

As President Trump approaches the 2020 election questions still remain on how voters will respond to his handling of the economy and COVID-19 pandemic. Now, it all comes down to the final months of this race — and the nation will ultimately judge how he handles the health and economic crises at hand.
…read more […]