Mark Zuckerberg Has Baby Girl And Makes Astounding Promise

4 Dec 2015 | Author: | No comments yet »

Euro-Area Bonds Extend Drop as Draghi QE Extension Disappoints.

Fiat Chrysler Automobiles NV will focus expansion efforts on the fast-growing Jeep brand as the automaker’s prospects for a combination with General Motors Co. fade.Euro-area government bonds extended a drop after European Central Bank President Mario Draghi unveiled an extension of asset purchases that fell short of some investors forecasts. “Draghi underdelivering is a surprise,” said Marius Daheim, a senior rates strategist at SEB AB in Frankfurt. Mark Zuckerberg’s announcement this week that he and his wife will give away 99 percent of their $45 billion in Facebook stock highlights a new and growing philanthropic movement among the ultra-wealthy.

Jeep will play a “central” role in changes to a plan to invest 48 billion euros ($52 billion) over five years, Chief Executive Officer Sergio Marchionne said at a shareholder meeting in Amsterdam on Thursday. Since then, the number of billionaires who have signed on to the Giving Pledge has more than tripled, from an initial crop of 40 billionaires in 2010 who were worth at least a combined $125 billion at the time, to more than 135 billionaires, now worth more than $700 billion. That may mean scaling back a goal of rolling out eight new Alfa Romeo models by 2018 as part of a strategy geared to expanding the Italian-U.S. automaker’s sales by 50 percent to 7 million vehicles a year. The effort, which includes three billionaire couples from Massachusetts, has been closely studied by Glasspockets, a national initiative created by the Foundation Center to encourage openness in philanthropy.

The initiative has compiled and analyzed a host of publicly available data about the 138 Giving Pledge members, churning out some interesting findings: • The billionaires on the list hail from at least 16 different countries, but the overwhelming majority are from the United States. Only about two dozen are from other countries. • Warren Buffett and Bill and Melinda Gates, the founders of the effort, head a list of famous names that includes Zuckerberg, Michael Bloomberg, Elon Musk, Ted Turner, T.

The group when it first started was even older — with a median age of 76 — but new, younger signatories have changed that. • About half the billionaires work currently, or in some cases did before retiring, in either the banking and investment field or the technology and software services sector. The company is strained by 7.8 billion euros in net industrial debt and is losing the steady profit generated by Ferrari NV, after shareholders on Thursday approved the spinoff of the supercar maker.

Fiat is delaying the introduction of several new models, including a Maserati sports car and a full-sized Alfa Romeo sedan, to adjust to flagging growth in China, people familiar with the matter have said. While Marchionne continues his pursuit of carmaking consolidation, Fiat is also looking to cooperate with technology companies, as Apple Inc. and Google explore entering the auto industry.

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