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Ted Forstmann is Honored by Oprah Winfrey in New York

Ted Forstmann: Sportsman, Philanthropist and Ladies' Man, Dies at 71

Theodore J. Forstmann, better known as Ted Forstmann, the co-founder of private equity firm Forstmann Little & Company and Chief Executive Officer (CEO) of the International Management Group (IMG) died on Sunday, of brain cancer. The 71-year-old private equity investor and philanthropist had been battling the illness for six months.
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People walk past a sign of Olympus Corp outside the company's showroom in Tokyo

More deals in focus as Olympus scandal widens

As attention in the Olympus accounting scandal turns to whether funds used to cover up losses were funneled to criminal groups, scrutiny is set to increase on deals not yet in the spotlight, including an ill-fated $780 million investment in technology firm ITX.
The HSBC building is seen on Canary Wharf in London

UK to test banks with simulated cyber attack

Banks in London, already on high alert for how to deal with a break-up of the euro zone, will on Tuesday be tested to see how they would cope with a cyber attack on their operations.
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Canada Life Ireland lead bidder for Irish Life: source

Canada Life Ireland, a unit of Canada's second-largest life insurer Great-West Lifeco (GWO.TO: Quote), is the lead candidate buy Irish Life & Permanent's (IPM.I: Quote) insurance arm, a source close to the matter said on Friday.
25 Worst Passwords of 2011

Cyber Security: 25 Worst Passwords of 2011 [Study]

If the word password stands as the password between your online information and cyber criminals, you are the most vulnerable person to be hacked. Yes, it is the worst password one can possible choose, according to a study.
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UBS Shares Rise on Pledge to Restart Dividends

Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.
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Angie's List soars on debut, but concerns linger

Shares of consumer review website Angie's List surged as much as 44 percent on their market debut Thursday as investors continued to lap up internet offerings, but concerns about the company's profitability could loom on the stock.
RCMP to probe sexual harassment claims

RCMP to probe sexual harassment claims

Canada will probe allegations of widespread sexual harassment at the storied Royal Canadian Mounted Police, looking into the latest in a string of problems that have tarnished the reputation of the national force.
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TSX falls as euro zone fears hit miners, banks

Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.

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