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Business

Billionaire Warren Buffett charity lunch sells for US$2.68mil

NEW YORK: An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc.

Business

Nike drops partnership with Lance Armstrong-founded charity

NEW YORK: Nike Inc is dropping its partnership with the Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, the latest repercussion from the doping scandal that last year stripped him of his titles.

Business

What it takes to keep charity alive

What happens when one donates money to charity?

Business

Billionaires Gates, Buffett dine with China's rich for charity

BEIJING: Billionaire investor Warren Buffett said a meeting about charity he attended Wednesday with Microsoft Corp. co-founder Bill Gates and dozens of China's super rich was a tremendous success, despite earlier concerns that the country's newly minted millionaires would be pressured to give up their fortunes.

Business

Founder of China's Tencent to give US$2b in shares to charity

SHANGHAI: The founder of China's Tencent Holdings Ltd, Pony Ma, said he plans to donate 100 million company shares, worth more than US$2 billion, to the firm's charity foundation in one of China's biggest philanthropic pledges ever.

Business

Charity with a difference

P. Gunasegaram dwells on how charity can really make a difference.

Business

Livestrong cancer charity drops Lance Armstrong name from title

AUSTIN, Texas: The Lance Armstrong Foundation has formally dropped the name of the disgraced cyclist from its title, the organization said on Wednesday, marking the latest move by the cancer charity to distance itself following the biggest doping scandal in the sport's history.

Business

IAG proposes donation to charity by shareholders

Shareholders in IAG Insurance would have to donate 2% of the company's annual profits to charity under a new proposal put forward by former director Richard Talbot.

Business

HK tycoon gives US$128mil to charity when share index above 30,000

HONG KONG: The billionaire chairman of Hong Kong developer Henderson Land said he would donate HK$1bil (US$128mil) to charity after the city’s benchmark index surpassed the 30,000-point level, keeping a pledge he made seven years ago.

Business

Madoff associate, who made billions, wills bulk of fortune to charity

NEW YORK: A man who made billions of dollars off Bernard Madoff's pyramid scheme signed a will leaving the bulk of his fortune to charity, but the gift's ultimate size may depend on legal wrangling over how much of the money rightfully belongs to cheated victims.