investments

  • Bill Gates invests in Mexican brewery

      Bill Gates now owns 3-percent of the world’s second-largest Coke bottler and Mexico’s second-largest brewery. I say good for you, Mr. Gates. Cascade Investment LLC, the asset management firm that Gates owns, recently purchased almost 11 million shares of Monterrey, Mexico’s Femsa. Femsa has a soft drink unit (Coca-Cola Femsa), a beer subsidiary, and a retail unit… Read More

  • Sprint reportedly turns down $5 billion from investors

    The New York Times is reporting that Sprint has said thanks but no thanks to an offer from Providence Equity Partners and South Korea’s SK Telecom which would, in effect, replace Sprint’s management team and infuse $5 billion into the company. The deal would have also allowed SK Telecom and Sprint to "significantly cut costs by jointly purchasing handsets and examining… Read More