Cascade sells network hardware to telephone companies. BACKGROUND: Ascend shares tumbled last week after the company warned its third-quarter profits would be 18 to 20 cents per share instead of the 31 cents most analysts expected. The company issued only a brief explanation for the shortfall, blaming it on weaker sales in Europe and Japan.
THE worldâs richest person got even richer this year. And a pair of tech gurus in their 20s made the list of the richest people in the world for the first time. Forbes said that Bill Gatesâs net worth rose to $79.2 billion in 2015 from $76 billion last year. That put him at the top of the magazineâs list of the worldâs billionaires for the second consecutive year. The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years.
The 50 richest people on earth. The wealthiest 50 people in the world control a staggering portion of the world economy: $1.46 trillion â more than the annual GDP of Australia, Spain, or Mexico. That's according to new data provided to Business Insider by Wealth-X, which conducts research on the super-wealthy.