Business Timeline

Coalgate: India’s Supreme Court Confronts Dodgy Mining Licenses

Canceling illegal coal licenses could have serious impact on Indian economy

Dubbed “Coalgate” by the Indian media, the investigation into allegations of corruption and cronyism in the coal licensing process is making progress. The Indian Supreme Court has decided that 218 coal field licenses allocated by the government to dozens of private groups between 1993 and 2009 were illegal. It’s reported in The New York Times… Read more »

How Much Of The UK Could US Billionaires Afford To Buy?


Boasting a Gross Domestic Product calculated by the International Monetary Fund (IMF) of more than $16 trillion, the United States is by far the single biggest-spending country in the world. A number of factors figure into the sum, including population size and average salary. According to the billionaires list published annually by Forbes, 492 citizens… Read more »

Stephen King, John Grisham, Other Writers Fire Off Angry Letter To Amazon

Amazon Letter Signed By Grisham and King

In the ongoing battle over e-book prices between mega online retailer, Amazon, and multi-billion dollar conglomerate publisher, Hachette, over 900 authors signed a letter admonishing Amazon posted in the New York Times on Sunday. As previously reported by The Inquisitr overnight last weekend, Amazon sent a letter to authors participating in its Kindle Direct Publishing… Read more »

Dr. Dre, Apple Complete Deal, Opens New Business Doors


Dr. Dre, hip-hop billionaire. This is the beginning of a new style. According to, Dr. Dre and Jimmy Iovine’s Beats Electronics and Beats Music have been acquired by Apple, Inc. for a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time. Jay-Z and Beyonces’ “On The Run Tour”… Read more »

Bill Gates: Philanthropist, Genius,….Banker?

Gates invests in banking for the poor

Bill Gates has philanthropically donated over $28 billion to improve life in on our long-suffering planet. Now, after all that hard work giving away his wealth, his next project could be….a bank? Gates is developing a plan to provide one-third of the world’s unbanked access to banking features across the globe, according to Forbes. However,… Read more »

PayPal Drops Bill Me Later, Adds Credit


PayPal is dropping the Bill Me Later service and rebranding it as PayPal Credit, which is meant to better complement the company’s new PayPal Working Capital service. Looking at a more global audience, PayPal is moving into financial sectors never before explored by the company. PayPal Credit will soon be seen in the United Kingdom… Read more »