Tag Archives: $450

China has a new richest man after his company stock soared 450%

China’s love of QR codes There’s a new face at the top of China’s wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande(EGRNF), is now the country’s richest man after his wealth ballooned to $ 43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%. Evergrande’s Xu has seen his net worth ...

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Delta loses $450 million bet on fuel prices

Why airline profits are good for everyone Delta Air Lines is taking a $ 450 million loss because jet fuel prices didn’t jump as much as the airline bet they would. The Atlanta-based airline had locked in fuel purchases, in a contract known as a hedge, at levels above the current market value, betting that jet fuel prices prices would climb. And they did indeed rise. But they didn’t go nearly as high as Delta had anticipated, which made that hedge a loser. So Delta pulled out of the fuel ...

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NFL makes $450 million 'Thursday Night Football' deal with NBC and CBS

NFL has sold Thursday night football rights for $ 450 million. Thursday Night Football is expanding. Both CBS and NBC will broadcast the NFL’s Thursday night match ups, with each televising five games, the league announced on Monday. The Thursday Night Football package will grow to 10 games in 2016 and 2017 from eight games in 2014 and 2015. The NFL Network will continue to simulcast the games being aired on CBS and NBC. CBS will broadcast the first half of the scheduled games and NBC will televise the second ...

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