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Funds


What could a man with millions in the bank, a private jet and high-flying friends possibly want from life? If you’re Jim Mellon, everlasting youth would be a good start. The billionaire Isle of Man investor, who made his money in property and mining, is talking animatedly about using science and technology to advance human …

NEW YORK—People issues can hinder a company’s move to the cloud just as much as technological hurdles, three finance and asset-management technologists said at an industry event Tuesday. Cultural challenges can emerge when a company makes the shift to cloud-based applications and processes. Finding and cultivating the right technology talent can lead a company to …

ST. CHARLES COUNTY — As union workers earn $250 a week in strike pay picketing the Wentzville auto plant for better wages and benefits, a St. Charles man is defending himself against claims that he and other union bigwigs used hundreds of thousands of dollars in union funds for lavish, booze-soaked resort stays and the purchase …

SACRAMENTO — California is funding two companies to develop prototypes of innovative firefighting technology over the next few months in four counties, including Butte County. Gov. Gavin Newsom announced the projects Wednesday. They are part of a new procurement process established in January that is designed to spur innovation in government contracts. Since the spring, …

Ilunga quit his position as health minister in July after he was stripped of his responsibility as head of Congo’s Ebola response team. He has denied any wrongdoing, said his lawyer, Guy Bayeka. In a statement on Monday, his attorneys said $1.9 million of the money was spent after Ilunga resigned from office and he …

The Michigan Department of Health and Human Services recently received $500,000 from the Michigan Health Endowment Fund. This money will be used to modernize and expand the Behavioral Health Home initiative. The BHH bring together physical and behavioral health services for those who are on Medicaid and have a serious mental illness and is offered …

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The US Supreme Court has cleared the way for President Donald Trump’s administration to begin using billions of dollars in military funds to build parts of a border wall with Mexico. Friday’s decision by the conservative-majority court clears the way for Trump to make progress on a major 2016 campaign promise heading into his race for …

SoftBank has announced its second Vision Fund which it said will have a record $108bn (£86bn) to invest in start-ups around the world. The company said that Microsoft, Apple, Standard Chartered Bank and iPhone manufacturer Foxconn have all agreed to invest in the fund. Saudi Arabia’s Public Investment Fund, which pumped $45bn into its original …

SHANGHAI (Reuters) – Trading on China’s new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the board’s combined market capitalization and beat veteran investors’ expectations. Sixteen of the first batch of 25 companies – ranging from chip-makers …