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  • May 31- Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc and that he was very supportive of CEO Brent Saunders. Shares of Allergan rose 2.6 percent to $242 in early trading. Icahn, who launched a $150 million political action committee advocating tax reform to eliminate inversions, was firmly against...

  • NEW YORK— U.S. stock indexes are mostly lower Tuesday and consumer goods makers are taking the biggest losses. KEEPING SCORE: The Dow Jones industrial average lost 76 points, or 0.4 percent, to 17,796 as of 1:27 p.m. Eastern time. EYE ON CONSUMERS: The Commerce Department said that U.S. consumer spending rose 1 percent in April, led by a big jump in purchases of autos...

  • That's what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are home to some of the world's most expensive apartments. One penthouse on the 89th and 90th floors of a skyscraper near Carnegie Hall that went for more than $100 million seems almost a bargain compared to what will appear...

  • SAN FRANCISCO, May 27- Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. "The possibility that Gawker may have to post a bond for $50 million or more just to be able to pursue its right to appeal the...

  • NEW YORK— The courtroom fight between former pro wrestler Hulk Hogan and news-and-gossip site Gawker is becoming a battleground of sorts for Silicon Valley tycoons as well. First Look Media, a news organization financed by Pierre Omidyar, philanthropist and the co-founder of eBay, says it is reaching out to other media outlets to file supportive briefs about...

  • Mark Cuban's new hints about wanting the Vice Presidential spot?

    NBA owner and billionaire investor Mark Cuban is sending out messages about leadership. Does this mean he's interested at being Vice President in 2016 with either Donald Trump or Hillary Clinton?

  • May 27- Williams Cos Inc has informed Energy Transfer Equity LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort to end a stalemate between the companies, according to people familiar with the matter. Energy Transfer's proposed acquisition of Williams has been in doubt for months,...

  • WASHINGTON— Donald Trump is "a small man" for accepting $150,000 from a federal fund for small businesses hurt by the Sept. 11 attacks and should return the money or donate it to charity, a New York Democratic congressman said. "In grabbing that money with both fists, you took it out of the pockets of small business owners in New York who were truly hurting," Rep.

  • TORONTO, May 27- Toronto's Trump tower is close to being sold, a lawyer for its owner said on Friday, adding that the buyer could choose to drop the name, which has become more controversial since billionaire Donald Trump became the presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold and may not bear the name of presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium building in the city's financial district has found a potential buyer and the sale will conclude "hopefully shortly." Trump Hotel spokeswoman...

  • AUGSBURG, Germany, May 27- The chief executive of German industrial robot maker Kuka said on Friday he welcomed an impending 4.5 billion- euro takeover bid from Chinese home appliance maker Midea. China is the world's biggest market for industrial robots and robot sales in China rose 16 percent last year, driving global sales up 8 percent. However, Chancellor...

  • SHANGHAI— Alibaba is the world's biggest e-commerce platform. Over 420 million people scooped up $485 billion worth of stuff last fiscal year on Alibaba's sites. Alibaba's e-commerce platforms cater to both Chinese and global consumers, though the majority of its transactions are generated domestically.

  • Dannel P. Malloy said he wished Connecticut didn't have to compete with other states like Massachusetts, New York, New Jersey and Rhode Island by offering money to keep or attract companies, but that was today's reality. Under Connecticut's agreement with Bridgewater, which manages approximately $150 billion in investments for institutional clients, the...

  • Among the proposals, Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and protect waterways from industrial pollution. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national...

  • Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and expand protections for U.S. waterways. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national interest will be scrapped and...

  • Software competitor Oracle claimed Google had stolen its intellectual property and reaped huge profits by copying pieces of an Oracle programming language called Java. Oracle, which had sought $9 billion in damages, immediately said it would appeal. Google's supporters— a group that included other tech firms, trade associations and the Electronic Frontier...

  • BISMARCK, ND, May 26- Donald Trump, the presumptive Republican presidential nominee, said on Thursday that he would pull the United States out of the U.N. global climate accord and slash environmental regulations on the energy industry if elected. The comments deepen the contrast between the New York billionaire and his Democratic rivals for the White House,...

  • May 26- Gawker Media, the New York- based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, according to two sources familiar with the matter. The New York Post first reported the sale effort. Investment company Columbus Nova Technology...

  • May 26- Gawker Media, the New York- based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, according to two sources familiar with the matter. The New York Post first reported the sale effort. A six-person jury in March awarded $60 million...

  • It emerged this week that Silicon Valley billionaire Peter Thiel was behind the suit. The company would not say when the banker, Mark Patricof of Houlihan Lokey, was hired, other than to say "recently." The Wall Street Journal and the New York Post earlier reported that Gawker was interested in a sale.