Tencent Looks to Leverage Its Partnership With Nintendo in the U.S.

China’s Tencent Holdings Ltd., the world’s largest videogame company by revenue, is looking to make more console games for U.S. consumers by leveraging its partnership with Japan’s Nintendo Co. NTDOY -0.39% , Tencent officials said.Tencent, which dominates its home market with smartphone and personal-computer games, has acquired stakes in prominent U.S. game makers including Epic…

CPPIB sells off holdings in two U.S. prisons on reputational risk

The Canada Pension Plan Investment Board decided to unload its small stakes in two U.S. prison companies because they presented a reputational risk to Canada’s biggest pension fund.The Toronto-based fund, which manages about $400 billion (US$304 billion), held shares in CoreCivic Inc. and Geo Group Inc., which had facilities that held people suspected of illegally…

Investors are shrugging off fear of Medicare for All – for now

US Senator Elizabeth Warren (C), Democrat from Massachusetts, speaks with US Senator Bernie Sanders (2nd R), Independent from Vermont, as they discusses Medicare for All legislation on Capitol Hill in Washington, DC, on September 13, 2017.Jim Watson | AFP | Getty ImagesEnding private health insurance has been one of the rallying cries of Elizabeth Warren’s…

Ashton Kutcher says he’s not setting up a trust fund for his kids, and his parenting approach echoes what billionaires like Warren Buffett and Bill Gates have said

caption Actor Ashton Kutcher doesn’t plan to leave a trust fund for his kids. source Steve Jennings/Getty Images for TechCrunch Actor Ashton Kutcher said in a recent podcast he’s not leaving a trust fund for his kids, reported Mitch Tuchman for MarketWatch. Kutcher isn’t the only high-profile person to take this approach – billionaires Bill…

How the Lego billionaires lost $150 million in a single day

The billionaires behind toymaker Lego A/S suffered a stinging loss in a single day after one of their key investments backfired.Kirkbi, which oversees about US$16 billion on behalf of the Kirk Kristiansen family that owns Lego, saw the value of its holdings fall about US$150 million on Wednesday. The trigger was a profit warning from…

Second Cup is changing its name to Aegis as it branches out into cannabis

The Second Cup Ltd. coffee house chain is changing its name as it prepares to boost its recovery and expand into other food services and cannabis.It’s aiming to be called Aegis Brands Inc. after shareholder and Toronto Stock Exchange approval next year, the Mississauga, Ont.-based company said in a statement Friday.“We created Aegis with the…