You are here

By Martin Crutsinger The Associated Press

Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.

Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

Lessons for next US financial crisis from 3 key ex-officials

WASHINGTON — Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system’s near-collapse a decade ago may be forgotten.

“It is important that people focus on the lessons,” said former Treasury Secretary Henry Paulson. “We are not sure people remember everything they need to remember.”