business

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Financial Action Flees to London
Financial Action Flees
to London

Financial Action Flees to London

Goldman Sachs is now doing as much business abroad as on Wall Street

(Newser) - Wall Street’s position as the center of the financial universe—unchallenged for more than a century—is under serious threat from the City of London, according to John Gapper. London is catching up with Gotham in bond trading, already ahead in derivatives and the place to be for really...

The Super-Rich Are Rewriting Hollywood Rules

So rich, that is, that they don't need the studios to distribute their films

(Newser) - A new breed of Hollywood players—so rich they don't need studio money—are   financing and releasing slates of small-budget films on their own. Producers like Sam Nazarian, a 31-year-old scion of a wealthy Persian family, and self-made billionaire Sidney Kimmel, 78, are shouldering the costs of a full...

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