5:00 pm, August 19th | by Amy Tennery
You know those days when you’re at the mall and you really want an Auntie Anne’s pretzel but the kiosk is closed and you get so angry that you take off your shoe and throw it at a $1.8 million chandelier in the middle of the promenade, causing it to come crashing to the ground? No?
Well, apparently that’s just happened in Kuwait! Minus the Auntie Anne’s part.
A teenager was apparently apprehended at the 360 Mall in Kuwait (“a complete experience for the shopper with taste”) after taking off one of this shoes and throwing it at a prized chandelier, according to the Kuwait Times. Compounding problems for the young hooligan? This was apparently a $1.8 million chandelier, reportedly the most expensive in the country. Wow.
2:23 pm, August 11th | by Amy Tennery
So we already knew about the (allegedly) exploding tables from the Martha Stewart collection, which have, no doubt, terrorized numerous bbq grillers and/or family pets. And while the mystery of the spontaneously shattering glass tabletops may not be resolved just yet, three lawsuits related to another potentially hazardous piece of outdoor furniture from the Martha collection seems to have wrapped up, miraculously.
And hold on to your hats, folks — this one involves severed finger parts. [Shudder].
1:55 pm, August 2nd | by Amy Tennery
No, Elon Musk isn’t buying into any doomsday nonsense (that we know of). But it would appear that this commercial space mogul is getting increasingly, umm, urgent in his goal of bringing intergalactic travel to the masses.
As you may recall, Musk has been making good progress in his mission lately. A couple weeks ago he broke ground on a launch pad equipped to handle the largest rocket in the world. And now he’s pledged to make it to Mars by 2018.
3:05 pm, July 29th | by Amy Tennery
I think the interns at JPMorgan are starting to get a little stir-crazy.
So, I was just starting to feel all bad (kind of) for summer Wall Street interns. You know, with their allegedly horrendous 85-hour work weeks, their crazy, stay-until-three-in-the-morning work schedules, and so on. All this without the promise (necessarily) of getting a job at the end! Yea, I felt sort of bad.
Then I heard how the interns at JPMorgan spend their summer Fridays. And I felt less bad.
6:20 pm, July 28th | by Hillary Reinsberg
Billionaires routinely spend hundreds of thousands of dollars of odd pursuits. We usually don’t question it too much. But when Mogulite heard that British billionaire Alki David had bought the rights to do a live broadcast of a Swiss cancer patient’s assisted suicide, we raised our eyebrows a wee bit. We were questioning if this whole thing might just be a hoax, so we sent an email to the listed press contact, only to receive a response from David himself just a few minutes later. David, a digital media entrepreneur and the 45th richest person in England, confirmed to Mogulite that this seemingly crazy situation is very real indeed.
So, here’s the story: tomorrow night at 9 p.m. EST, David’s website Battlecam.com, is set to do a livestream of 62-year-old Nikolai Ivanisovic’s assisted suicide. This is no illegal business, apparently. Ivanisovic is living with terminal brain cancer in a clinic in Switzerland, where physician-assisted euthanasia is legal. Why and how is David involved in this? He explained the situation to Mogulite….
12:51 pm, July 5th | by Hillary Reinsberg
“Big Tobacco” CEOs have a notorious stigma – they’re often portrayed and perceived as government cronies in the business of killing innocent smokers with dangerous cigarettes. Whether that reputation is deserved is up for debate and is not our concern for the moment (and, let’s face it, there are plenty weighing in on the issue already). From a business perspective, however, as cigarettes become less popular, tobacco execs are moving into new terrain – including snuff. Daniel Delen, the CEO of the company that produces Camels and Pall Malls, is all over it. Literally.
Snuff? You know, that smokeless tobacco stuff beloved by wealthy boarding school kids? Delen, and his company Reynolds, are now working on getting customers hooked on it, Delen told the Wall Street Journal. Delen, a smoker for 17 years, says he’s mostly moved over to using his company’s brand of the smokeless stuff, Camel Snus, recently.
5:41 pm, June 21st | by Amy Tennery
This is definitely not “a good thing.”
A local Colorado news station ran a story about a Martha Stewart Living glass patio table that apparently spontaneously exploded one day (this is according to the table’s owner — they didn’t actually get the explosion on camera, which would have been kind of awesome). What’s particularly troubling (and what Martha Stewart execs failed to acknowledge in a statement to the Fox affiliate who reported this thing) is that the exploding table problem isn’t an isolated incident.
11:29 am, June 1st | by Amy Tennery
Unless you’re living under a rock (or still using a beeper), you’ve heard that a World Health Organization report now links cell phone usage to increased cancer risk. Great. While we doubt this will change anyone’s cell phone habits anytime soon — aside from compelling more people to use Bluetooth devices, maybe — it’s not a great time to get this kind of news (mostly because every mogul in the world is entirely dependent on his or her phone). Of course, the medical expert in this CNBC video isn’t particularly helpful at allaying anyone’s fears. “They said possibly carcinogenic. Many thing are possibly.” Sure. Like asbestos.
9:57 am, June 1st | by Sylvie Krekow
Elevators are so banal these days. The new way to get up to your corner office (or penthouse) is a personal jetpack, reports CNET. The enterprising folks over at the Martin Aircraft Company — whose only product seems to be the Martin Jetpack, actually — are busy putting the finishing touches on a device that could safely boost someone up to the top of a skyscraper or much higher. Never thought we could one day predict Darwin Award winners ahead of time.
The company recently tested the jetpack at 5,000 feet above Canterbury, New Zealand, and it actually went pretty well (see video after the jump).
12:17 am, April 21st | by Amy Tennery
AIG subsidiary Chartis is breathing deep after unloading a pile of asbestos-related claims on Warren Buffet’s Berkshire Hathaway.
Chartis, the property and casualty arm of AIG, was facing a series of asbestos-based liabilities that could have cost the company as much as $3.5 billion to resolve, according to the Financial Times. Berkshire took on protection against the claims, while pocketing $1.65 billion.
“We believe that this transaction is beneficial for Chartis, as it will reduce the risk of future adverse development of U.S. asbestos exposures,” said Peter Hancock, chief executive of Chartis.
Sounds like a smooth move for Chartis. So what’s in it for Berkshire?