5 Stories

Eat This 30-Pound Burrito, Own 10% of NYC Eatery

Brooklyn's Don Chingon will put its money where your mouth is—if you succeed

(Newser) - Entrepreneurs, listen up. There's a business opportunity in Brooklyn, and all you have to do is chow down 30 pounds of meat, rice, cheese, and various salsas to take part. Don Chingon, a recently opened Mexican restaurant in Park Slope, is offering a 10% ownership stake in the eatery... More »

For Owners, Horse Racing a Sure Bet (to Lose)

The ponies are a labor of love with small stakes, high costs

(Newser) - Thoroughbred racehorses aren’t cheap to buy—and then you have to house them, feed them, pay the vet, the trainer, the jockey, etc. And if you actually intend to make money, they have to win. And even then, since most horses never make the elite high-stakes races, owners have... More »

How Much Is Donald Worth? Here's How He Figures It

'Mental projections' and ballpark estimates rule Trump's valuation of his empire

(Newser) - As a defamation action brought by Donald Trump against a writer for allegedly understating the Donald’s net worth gets under way today, the question on everyone’s mind is: How much is Trump really worth? The 2005 book put the figure at $250 million, Deutsche Bank pegs it at... More »

Taxpayers May Get 40% Stake in New Citi Deal

Bank proposes converting public bucks into common stock

(Newser) - Fearing further losses, Citigroup is negotiating with the government to convert part of the public's $45 billion investment in Citi from preferred to common stock, which could give the US up to 40% of the bank at no additional cost. Such a move would boost the bank's capital portfolio while... More »

George Steinbrenner Passes Yankees Mantle to Son Hal

(Newser) - The George Steinbrenner era is officially over for the Yankees after 35 years. Other clubs today approved his son Hal as the “control person” for the team, the Daily News reports. The announcement makes official what many already knew—that the elder Steinbrenner has passed off responsibility for day-to-day... More »

5 Stories