Continue reading U.S. Taxpayers Helping Goldman Sachs Move in to Gleaming Tower, Too

U.S. Taxpayers Helping Goldman Sachs Move in to Gleaming Tower, Too originally appeared on BloggingStocks on Mon, 21 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

This post is written as part of AOL Money & Finance's Best & Worst 2006. You can vote for Prince Al-Waleed bin Talal to lose all his money, or see the other nominees in this category.

Called by Time magazine the "Warren Buffett of Saudi Arabia," Prince Al-Waleed bin Talal is a member of the Saudi royal family, as well as a Lebanese citizen through his mother. Though he is the nephew of Saudi King Abdullah, he is not in line to rule Saudi Arabia and has largely stayed out of politics. He is an entrepreneur and international investor with a net worth estimated in 2006 at $20 billion, and he is ranked as the eighth richest person in the world by Forbes.

He has made large investments, through his Kingdom Holding Company, in Citicorp (NYSE:C), AOL (NYSE:TWX), Apple (NASDAQ: AAPL), Motorola (NYSE:MOT), Rupert Murdoch's Fox News Corp. (NYSE: NWS), and other technology and media companies. His real estate holdings have included stakes in the Four Seasons hotel chain, the Plaza Hotel in New York, the Monte Carlo Grand Hotel in Monaco, and Euro Disney. In 2005 he purchased the Savoy Hotel in London for £250 million.

In 2001 Prince Al-Waleed's donation of $10 million dollars to New York City in the wake of the September 11 World Trade Center attack was rebuffed by Mayor Giuliani. In 2005 he donated $20 million to the Louvre for the construction of a wing to house the museum's vast collection of Islamic art, and another $20 million to Harvard and Georgetown Universities for Islamic studies programs. He has also donated to centers for American studies at universities in the Middle East, such as the American University in Cairo. He is believed to donate more than $100 million annually to charities throughout Asia, Africa, and the Middle East.

Best & Worst: Prince Al-Waleed bin Talal, Buffett of Mideast -- but not as lovable originally appeared on BloggingStocks on Fri, 08 Dec 2006 18:00:00 EST. Please see our terms for use of feeds.

Time Warner closed at $16.42, down .01 at end of regular trading, but up .08 in after hours trading. The stock ended the week exactly where it began: $16.50.

This flat result came despite the fact that Time Warner announced several important strategies for the immediate future of AOL Video as a premier video search and view destination. Viewers will be able to access a virtually limitless array of amateur videos and video clips, as well as hundreds of hours of TV programming on demand. Additionally, AOL will offer downloadable movies on demand from 20th Century Fox, Sony, NBC Universal, and Time Warner's own Warner Brothers. Time Warner beat both Apple Computer Inc. and Amazon.com to the punch for video accessibility. Yet investors continue to flame Time Warne's efforts while Apple's lithium-ion battery powered notebooks are the fire hazard.

Time Warner unit CNN announced that on the five-year anniversary of the terrorist attacks on the World Trade Center and the Pentagon, it will make available free of charge replays of its coverage of events on September 11, 2001. CNN Pipeline will provide live coverage of memorial services at Ground Zero in NYC and DC. Viewers can also access the replay feed of 9/11/2001 from 8:30 A.M. until midnight. For those still unable to watch events of 9/11/2001, CNN will also have a number of interactive but less graphic elements on its site.

Time Warner Weekly Wrap Up originally appeared on BloggingStocks on Sat, 26 Aug 2006 21:32:00 EST. Please see our terms for use of feeds.