Billionaire investor, philanthropist George Soros hands reins to son, Alex, 37
CBSN
Billionaire investor and philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
Soros' business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries around the world and funnels about $1.5 billion annually to groups that back human rights and promote the growth of democracies around the world, according to its website.
The 37-year-old, who goes by Alex, told the Wall Street Journal that he is "more political" than his 92-year-old father, who has been a right-wing target for his backing of liberal causes such as reducing racial bias in the justice system. But he noted that the two "think alike."
Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract.
A hiker was rescued Sunday from an Oregon state park where she had been missing almost two full days, the U.S. Coast Guard said. The 64-year-old woman's calls for help caught the attention of search and rescue crews that had been looking for her.
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI.
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A federal judge on Tuesday night rejected the sale of the conspiracy platform Infowars to The Onion satirical news outlet after Alex Jones claimed that a recent bankruptcy auction was fraught with illegal collusion.
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A federal judge on Tuesday blocked Kroger's $24.6 billion acquisition of Albertsons, ruling that the proposed union would lessen competition for grocery shoppers.