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Millionaires & Billionaires Billionaires

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  • *U.S. billionaire Warren Buffett "jumpstarted" the project. *Kazakhstan suffered from Soviet-era nuclear tests. ASTANA, Aug 27- The International Atomic Energy Agency and Kazakhstan signed an agreement on Thursday to locate the first internationally-controlled bank of low-enriched uranium in the ex-Soviet nation to ensure fuel supplies for power stations...

  • BEIJING, Aug 27- China's richest man said on Thursday the government needs to give up any "fantasy" of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World...

  • *U.S. billionaire Warren Buffett "jumpstarted" the project. *Kazakhstan suffered from Soviet-era nuclear tests. ASTANA, Aug 27- The International Atomic Energy Agency and Kazakhstan signed an agreement on Thursday to locate the world's first bank of low-enriched uranium in the ex-Soviet nation to ensure fuel supplies for power stations and prevent nuclear...

  • BOSTON, Aug 26- William Ackman's hedge fund Pershing Square Capital Management is down for the year so far after the recent market decline, the billionaire investor told investors on Wednesday. Lower commodity prices or economic weakness in China are unlikely to have a "material impact on the intrinsic value of the portfolio," Ackman continued.

  • DUBUQUE, Iowa— Republican presidential candidate Donald Trump has opened up a new media feud, taking on another popular TV news personality even as his appearances continue to draw big ratings. Trump engaged in a prolonged confrontation Tuesday with Jorge Ramos, the Miami- based anchor for Univision, during a news conference in Dubuque, Iowa.

  • MEXICO CITY, Aug 25- Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest. Mexican billionaire Carlos Slim's Carso Oil and Gas is also among the firms that have pre-qualified...

  • MEXICO CITY, Aug 25- America Movil said on Tuesday it is facing a Mexico regulatory probe into whether its fixed-line unit Telmex violated the terms of its concession, and whether it broke the law, dealing a blow to its television ambitions at home. The probe will come as a major blow to America Movil, which is owned by the family of billionaire Carlos Slim and was...

  • ATLANTIC CITY, N.J.— Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a...

  • NEW YORK, Aug 25- Buddhism, which holds that wealth is temporary and no path to happiness, might not sound like the best source for money wisdom. Not so, says Ethan Nichtern, the prominent Buddhist teacher, who has written a new book, "The Road Home," on self-awareness and spiritual seeking. Q: You were raised in money-centric New York City.

  • WASHINGTON, Aug 24- Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama's spending policies for the market contagion from China's stock-market plunge. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with...

  • LAS VEGAS— President Barack Obama on Monday accused fossil fuel interests and other critics of his energy policies of trying to restrict consumers from accessing solar, wind and other renewable sources in order to protect the status quo. "That's not the American way," Obama said in a speech at a green energy conference in Las Vegas. He singled out billionaire...

  • OKLAHOMA CITY— The former wife of billionaire Oklahoma energy tycoon Harold Hamm, who was awarded nearly $1 billion in a divorce settlement, is now suing Hamm over the sale of a company the two co-owned. The lawsuit by Sue Ann Arnall alleges the $4.5 million sale in 2005 of the parent company and sole shareholder of Jolette Oil LLC to Continental Resources was...

  • NEW YORK, Aug 20- Billionaire investor Ira Rennert failed to persuade a federal judge to throw out a jury verdict finding him liable for looting his now-defunct magnesium company to build one of the country's most expensive homes, on the east end of Long Island, New York. District Judge Alison Nathan in Manhattan on Thursday upheld all but $1 million of a $214...

  • Flamboyant Trump evolved into cautious businessman Thursday, 20 Aug 2015 | 11:42 AM ET

    NEW YORK— Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. But that's not his money, "says Don Peebles, a real estate developer who oversees a $5 billion real estate portfolio. In the past decade, Trump has struck deals to put his name on at least a dozen properties built and...

  • Sears sales soften in 2nd quarter Thursday, 20 Aug 2015 | 6:09 AM ET

    HOFFMAN ESTATES, Ill.— Sears' sales declined in the second quarter as it shifted away from low-margin goods like electronics and it focused on increasing the number of loyal customers through reward programs. Chairman and CEO Edward Lampert, a billionaire hedge fund investor, combined Sears and Kmart in 2005, about two years after he helped bring the latter out...

  • Board moves up meeting to review green jobs measure Wednesday, 19 Aug 2015 | 5:59 PM ET

    SACRAMENTO, Calif.— A citizens board tasked with overseeing projects funded by a California ballot measure intended to generate clean-energy jobs will move up its first meeting to early September, Senate President Pro Tem Kevin de Leon said Wednesday. The Los Angeles Democrat's announcement came after The Associated Press reported Monday that the board has...

  • Aug 19- A federal appeals court on Wednesday refused to undo a central component of Tribune Co's bankruptcy plan in a defeat for prominent hedge fund Aurelius Capital Management LP, which claimed it was short-changed by the reorganization. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said letting Aurelius, a specialist in distressed debt,...

  • Gazprom Neft, Russia's third-largest oil producer owned by state-run gas producer Gazprom, said that due to abundant supply and technological developments oil prices may have returned for a prolonged period to the $30- $40 per barrel range seen before the commodities boom of the 2000 s. Some oil projects won't be viable at such low prices but most of those won't...

  • *Bharti Airtel, Vodafone, Idea given provisional nod for payments bank. MUMBAI, Aug 19- India's leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the country's central bank to help set up "payments banks," aimed at granting millions of citizens access to basic banking. Energy-to-telecoms...

  • MUMBAI, Aug 19- Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber has said it will invest $1 billion in...