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Millionaires & Billionaires Billionaires

  • WASHINGTON, April 29- A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump's stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. As temperatures rose above 90 degrees Fahrenheit under hazy skies in the nation's capital, tens...

  • LONDON, April 30- British Prime Minister Theresa May pledged to protect workers against irresponsible practices over pensions on Sunday, promising new regulations on how schemes are handled during corporate takeovers. The pledge comes after high profile cases such as that of BHS, a retailer which was sold by billionaire Philip Green for one pound to a man who...

  • WASHINGTON, April 29- A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump's stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. As temperatures rose above 90 degrees Fahrenheit under hazy skies in the nation's capital, tens...

  • NEWTON FALLS, Ohio— An Ohio family says they learned just 20 minutes before dinner this week that a planned mystery guest would be Facebook founder and billionaire Mark Zuckerberg. The Vindicator of Youngstown reports Zuckerberg dined Friday with the Moore family in Newton Falls, about 55 miles southeast of Cleveland. Zuckerberg's project, the Chan...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • BRASILIA, April 28- Brazilian Supreme Court justice Gilmar Mendes ordered the release from jail of former mining and oil magnate Eike Batista, once the country's richest man, ahead of his trial on corruption charges, the court said on Friday. He is expected to stand trial along with an ex- Rio de Janeiro governor who allegedly took millions in bribes from the former...

  • WASHINGTON/ TAIPEI, April 28- Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday. It was unclear if Gou had met personally with Trump, who had already departed the White House for a trip to...

  • Jeff Bezos, chief executive officer of Amazon

    CNBC's Robert Frank reports that Amazon CEO Jeff Bezos' net worth has crossed the $80 billion mark, and he is on-track for overtaking Bill Gates as the richest man in the world.

  • DETROIT, April 28- General Motors Co on Friday reported a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as uncertainty surrounds the overall pace of domestic auto sales for the industry. The results demonstrate that GM will "continue to strengthen the core business, generate the best...

  • Bezos is within striking distance of Microsoft's Bill Gates

    Jeff Bezos' net worth just passed $80 billion.

  • BRASILIA/ SAO PAULO, April 27- Agriculture Minister Blairo Maggi has asked Brazil's foreign trade council to impose tariffs on ethanol imports following a surge in shipments from the United States, an official said on Thursday, a move that could stir trade tensions with the Trump administration. Imposing a tariff on ethanol imports, which come almost entirely...

  • BRASILIA/ SAO PAULO, April 27- Agriculture Minister Blairo Maggi has asked Brazil's foreign trade council to impose tariffs on ethanol imports following a surge in shipments from the United States, an official said on Thursday, a move that could stir trade tensions with the Trump administration. Imposing a tariff on ethanol imports, which come almost entirely...

  • April 27- The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd to drive down its stock price. It upheld the dismissal of claims against two prominent hedge fund firms, Jim Chanos' Kynikos Associates PC and...

  • WASHINGTON— Among the likely winners in President Donald Trump's tax-cut plan would be a real estate developer turned reality TV star who now happens to occupy the White House. It's a sensitive subject for a White House that is telling Americans its proposed cuts to individual and corporate tax rates would aid the middle class and fuel stronger economic...

  • NEW YORK, April 27- Strong growth from Bristol-Myers Squibb Co's Opdivo and Yervoy cancer immunotherapies drove the company's first-quarter results past analysts' expectations and relieved some anxiety about increasing competition for the drugs. "Sales for Opdivo were strong despite a more competitive landscape," Chief Executive Officer Giovanni...

  • A three-judge panel of a New Jersey state appeals court on Thursday revived conspiracy, disparagement and other claims that had been dismissed in 2011 and 2012 against several defendants in the Toronto- based insurer's $8 billion lawsuit. Fairfax was also allowed to pursue some claims against hedge fund Exis Capital Management Inc and Morgan Keegan, a...

  • WASHINGTON— Donald Trump won the White House by arguing that what America needed was a president who had proved himself as a steely and successful corporate leader with no political baggage— someone, say, like himself. If Abraham Lincoln relied on a team of rivals, Trump would command a team of "killer" CEOs. He cast himself as a gifted manager who could rewrite flawed...

  • The Bloomberg Billionaire Index puts Elon Musk's net worth at more than $13 billion, but back in 2010, the Tesla Motors founder and CEO said he was totally 'out of cash.'

  • NEW YORK, April 27- Bristol-Myers Squibb Co on Thursday reported higher-than-expected quarterly earnings, helped by increased sales of cancer drugs Opdivo and Yervoy and blood thinner Eliquis. Bristol-Myers shares were up 1.9 percent at $54.80 on the New York Stock Exchange. Bristol-Myers reported a profit of $1.57 billion, or 94 cents a share, for the quarter,...

  • MUMBAI, April 27- India's Kotak Mahindra Bank Ltd forecast a decline in bad loans and provisioning costs and a pick up in credit growth this financial year after reporting a better-than-expected 40 percent rise in fourth-quarter profit on Thursday. Kotak Mahindra-- the fourth-biggest private sector lender in the country by assets but the third most-valuable...