Tuesday, 9th February 2010

 

2 July 2009 - Press Briefing

US billionaire philanthropist donates $100m for genomic research

Eli Broad has donated $100m (€70.8m) to a genomic medicine research institute in Cambridge, Massachusetts, the Los Angeles billionaire philanthropist’s foundation declared on Wednesday, according to a report in Xinhua.

The contribution to the Broad Institute of MIT and Harvard, a newly created permanent nonprofit entity, was the first installment of a $400m endowment committed by the Eli and Edyth Broad Foundation to the institute.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Australian billionaire gambles on China

Australia's wealthiest man last weekend took a big step toward creating the biggest coal mine this resource-rich nation has ever seen.

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