Business Diary: What goes around always comes around

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The Independent Online

Karma or what? Sergei Polonsky made headlines last year when he described fellow Russians who hadn't become billionaire tycoons like him as "losers", adding "those who don't have a billion, can go to hell". Now AP reports that Mr Polonsky's Mirax Group, on which his fortune is based, is on the verge of going under.

Twitter too slow off the patent mark

Twitter may be the online phenomenon of the moment, but it still can't work out how to make money. Its latest disappointment is the rejection in the US of its attempt to trademark the word "tweet", the verb it uses to describe how people post messages on its site. The US Patent and Trademark Office has told Twitter it already has three prior applications for Tweet outstanding.

Did Paddy Power overclub on Woods?

Paddy Power has been loudly trumpeting in its adverts about a £1.25m loss it has taken from paying out early on Tiger Woods to win the US PGA title only for him to lose to a rank outsider. It's a fascinating claim given that its rivals put their own losses had Tiger actually won at something less than £100,000.

From Big Brother to restaurateur

Shilpa Shetty is back in the UK, this time as a small company investor. The Indian film star and erstwhile Big Brother contestant is putting £6m into V8 Gourmet, Britain's biggest group of Indian restaurants. V8, best known for The Bombay Bicycle Club and Tiffinbites, says it will use the cash, which buys Ms Shetty a 33 per cent stake, to expand their portfolio.

Business success is all in the name

Good news for Davids – and also Michaels and Johns. They're the names to have if you want to make it big in business, according to the executive search agency MBS. It has surveyed bosses from across the country and concluded that these particular monikers are the most common by far among top business people. On the other hand, Kevin, Barry and Brian apparently all lag. Sorry, chaps.