Born in 1965, he is the Russian entrepreneur and billionaire who owns the NBA franchise the New Jersey Nets. But more importantly, perhaps, what has thrust him into the global limelight is his decision to challenge Russian Prime Minister Vladimir V. Putin for the country's presidency. The third richest man in Russia made his money in precious metals but he wants to leave his legacy in politics.
David Magee
Dec 12, 2011
New Jersey Nets owner and Russian billionaire Mikhail Prokhorov is planning a presidential run-against Vladimir Putin in the March 2012 Russian Presidential election. For the first time the United States now faces a frightening billionaire gap.
Tom Dworetzky
Dec 12, 2011
Verizon has apologized for sending out a text message that alarmed New Jersey residents.
Laura Matthews
Dec 12, 2011
Does Prokhorov have what it takes to dethrone Vladimir Putin?
Daniel Tovrov
Dec 12, 2011
As unprecedented conditions continue to buffet the U.S. equities, and investors pull tens of billions out, investment managers are increasingly counseling their clients on what could be the most basic of stock market strategies: put your cash in mature high-dividend shares of mature companies, and stop fussing.
Eleazar David Meléndez
Dec 12, 2011
Pacific International Marketing is recalling 6,141 cartons of cilantro because of potential contamination by salmonella, the Salinas, California, company said.
IBT Staff Reporter
Dec 12, 2011
New Jersey Nets owner Mikahil Prokhorov told reporters on Monday that he plans to challenge Russian Prime Minister Vladimir Putin in the March presidential election.
John Talty
Dec 12, 2011
New Jersey police officers have filed manslaughter charges against Kasia Rivera, 34, for allegedly injected silicone into the penis of a 22-year-old man. Authorities claim the victim, Justin Street, was seeking a penis enhancement. He died of a fatal blood clot the day after receiving the injection.
Julia Greenberg
Dec 12, 2011
Soon after the case of fake doctor Oneal Ron Morris was busted, a series of cases have started coming to light of other doctors, apparently practicing illegal cosmetic plastic surgeries. The latest case is that of a woman doctor who killed a 22-year-old man after injecting his penis with silicone during pumping party, said police on Friday, according to a report in the Daily Mail.
Drishya Nair
Dec 12, 2011
After a resubmitted deal for Chris Paul fell through on Saturday night, the Los Angeles Lakers decided to trade forward Lamar Odom to the Dallas Mavericks in what amounts to be largely a salary dump.
John Talty
Dec 11, 2011
On top of euro-zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely.
IBT Staff Reporter
Dec 11, 2011
In a shocking turn of events, the New York Knicks are actually making what appears to be a very smart basketball decision.
John Talty
Dec 10, 2011
On top of Eurozone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region appears more likely than it has previously.
IBT Staff Reporter
Dec 09, 2011
Toys R Us Inc , which is looking to go public next year, reported a quarterly loss equal to a year earlier, as interest expense declined even as sales at established stores fell.
IBT Staff Reporter
Dec 09, 2011
Jerry Robinson, a comic book artist who was among the earliest Batman illustrators and was credited with creating the characters of sidekick Robin and archvillain The Joker, has died at age 89.
IBT Staff Reporter
Dec 09, 2011
Dharun Ravi, the former Rutgers University student who is facing hate-crime charges after allegedly filming his roommate's sexual encounter with another man and streaming it online, rejected a plea deal on Friday that would have spared him jail time.
IBT Staff Reporter
Dec 09, 2011
The latest NBA rumor is that star Orlando Magic center/forward Dwight Howard would like to be traded to the New Jersey Nets.
John Talty
Dec 09, 2011
The Lakers may go all out to land Dwight Howard.
Bobby Ilich
Dec 08, 2011
Real estate developer Forest City Enterprises reported a net loss of $41.9 million, or 25 cents per share, in the third quarter ending Oct. 31, down from $50.6 million, or 33 cents per share, loss in 2010.
Roland Li
Dec 08, 2011
Former MF Global chief Jon Corzine apologized to those harmed by the brokerage firm's collapse, but said he didn't directly manage customer funds and doesn't know where the missing money is.
IBT Staff Reporter
Dec 08, 2011
New York City was named the most expensive U.S. commercial real estate market in a report by the Building Owners and Managers Association (BOMA) International.
Roland Li
Dec 08, 2011
Gold prices fell Thursday as the European Central Bank head tapped down hopes of more government bond buying, hammering the euro and boosting the dollar.
Mike Obel
Dec 08, 2011
