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Millionaires & Billionaires Billionaires

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  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • July 29- A federal judge has dismissed a lawsuit accusing Herbalife Ltd and its chief executive officer of misrepresenting the weight-loss and nutritional products maker's sales practices as legitimate when the company was "at its core" a pyramid scheme. The judge also said that CEO Michael Johnson's reducing his Herbalife stake by a net 12 percent over...

  • The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed electronic monitoring," meaning she can return to China. Investigators allege that Mo helped her brother and five other Chinese nationals working for subsidiaries of Beijing- based DBN Group steal patented corn seed to reproduce its...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • NEW YORK, July 28- Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. In his first public appearance since his transition, the outspoken former regulator...

  • Private jet upgrade? Some Delta fliers score big Tuesday, 28 Jul 2015 | 5:06 PM ET
    Delta private jet

    Delta Air Lines will soon begin offering a new upgrade option to select fliers that will land them a seat on a private jet.

  • CAPE CANAVERAL, Fla., July 28- Federal investigators cited inadequate training of test pilots by a Northrup Grumman Corp subsidiary on Tuesday as a leading factor behind last year's fatal crash of an experimental Virgin Galactic passenger spaceship over the Mojave Desert. The premature unlocking of the hinged tail section on Virgin Galactic's SpaceShipTwo...

  • WASHINGTON— The federal Export-Import Bank expired June 30 when Congress failed to renew its charter. Five things to know about the Export-Import Bank and its future:. The House announced plans Tuesday to pass a three-month highway extension that does not include an Export-Import Bank provision— and then adjourn for the summer.

  • NEW YORK, July 27- Allergan plc CEO Brent Saunders is ready to put the $36 billion his company will net from the sale of its generics business to Teva Pharmaceutical Industries Ltd to work, possibly with another large, "transformational" merger. As head of Actavis, he then sealed a $66 billion purchase of Botox-maker Allergan, beating out rival suitor Valeant...

  • PARIS, July 27- French telecoms tycoon Patrick Drahi, who already has stakes in newspaper Liberation and magazine L'Express, has reached a deal with the owners of BFM TV which will give him control over the leading French news-only TV channel. Weill and Altice will set up a new holding company in which Weill will hold a 51 percent stake and which he will chair, but...

  • BILLINGS, Mont.— The Northern Cheyenne tribe is planning additional investigations of cultural sites along the path of a proposed railroad that would open new areas of southeastern Montana to large-scale coal mining. Tribal Councilmember Conrad Fisher said elders will revisit areas previously surveyed by contractors for the Surface Transportation...

  • JOHANNESBURG, July 27- From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets. Private equity deals in Africa totalled $8.1 billion last year, the second highest on record after the $8.3 billion posted in 2007,...

  • SYDNEY, July 27- Billionaire Gina Rinehart has bought a West Australian cattle station, further expanding into the country's farm sector with a deal that positions the mining magnate to profit from a recent Australian live cattle-export agreement with China. Rinehart, the richest person in Australia, completed the purchase of the Fossil Downs cattle station...

  • Trump campaign bans Iowa newspaper from event Friday, 24 Jul 2015 | 10:28 PM ET

    WASHINGTON— The Des Moines Register says Republican presidential candidate Donald Trump has denied press credentials to its reporters after the newspaper published an editorial calling on the billionaire businessman to end his campaign. The Register says its reporters were denied credentials to a Trump campaign event in Oskaloosa, Iowa, on Saturday.

  • MILLSAP, Texas— Billionaire Alice Walton plans to sell all of the cutting horses from her North Texas ranch as she gets out of the breeding business. Western Bloodstock Ltd. will conduct the sale at Walton's Rocking W Ranch near Millsap, 40 miles west of Fort Worth. Walton, who's bred cutting horses since she was a teenager, is the daughter of Wal-Mart founder Sam...

  • SAN JUAN, Puerto Rico— A company of New York hedge fund billionaire John Paulson reached a $20 million deal to buy and renovate a recently closed hotel in Puerto Rico's tourist district, officials said Thursday. Paulson& Co. will develop the San Juan Beach Hotel into an ultra-luxury boutique hotel in the popular Condado neighborhood, according to Puerto Rico's...

  • MOSCOW, July 23- Severstal, one of Russia's largest steel producers, saw its second-quarter net profit increase by 39 percent quarter-on-quarter because of a stronger rouble, it said on Thursday. Severstal's net profit of $469 million was boosted by a FX translation profit of $130 million, the company, controlled by billionaire Alexei Mordashov, said in a...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...