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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
FeaturesFive Things

American Apparel and Disney vs. Amazon — five things to know today

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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August 11, 2014, 8:23 AM ET
American Apparel Hipster Turns Preppy As Stock May Be Delisted
Dov Charney, chairman and chief executive officer of American Apparel Inc., stands for a portrait in a company retail store in New York, U.S., on Thursday, July 29, 2010. Starting the company in a dorm at Tufts University in Medford, Massachusetts, Charney built a worldwide empire of 280 clothing stores by leaping out ahead of mainstream fashion. He personified the racy, risk-taking aesthetics of his business and is now facing the consequences - skittish lenders and investors who doubt his ability to oversee his own creation. Photographer: Keith Bedford/Bloomberg via Getty ImagesPhotograph by Keith Bedford — Bloomberg via Getty Images
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Hello, friends and Fortune readers.

So, in case you missed it, Andreessen Horowitz invested $50 million in Buzzfeed this weekend. That will fund a lot of cat GIFs. Here’s what else you need to know in business today:

1. Kinder Morgan consolidates

The oil-and-gas empire plans to consolidate into a single company, according to a report in The Wall Street Journal. The company said the previous arrangement of partnerships had become too difficult to maintain.

2. Disney and Amazon are fighting

If you want your copy of “Captain America: The Winter Soldier” at your house on its release date, you’ll need to look somewhere other than Amazon. The e-retailer is in a dispute with Disney that’s similar to its fight with book publisher Hachette, and has stopped taking pre-orders of Disney titles.

3. American Apparel

The Los Angeles-based clothing company is still courting controversy. It’s now under fire again for reportedly posting a racy back-to-school campaign on a social media account that targeted young girls. Earlier this year American Apparel’s founder Dov Charney was fired by the retailer’s board amid allegations of lewd behavior.

4. Some 2.2 million people have already seen The Expendables 3

Pirating movies is a serious issue for studios, and the upcoming action flick is a textbook example. Lions Gate has filed a lawsuit, and Sly Stallone is sure to be very, very angry.

5. Last night’s supermoon was awesome

Seriously, just check out these pictures.

About the Author
By Ben Geier
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