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Millionaires & Billionaires Billionaires

  • July 21- Canadian oil and gas producer Husky Energy Inc sees an increased opportunity for asset purchases, but will have a "high bar" for determining whether to buy, company Chief Executive Officer Rob Peabody said on Friday. Husky on Friday reported a net loss of C $93 million, or 10 Canadian cents per share, in the second quarter ended June 30, compared with a loss of C...

  • *Q2 EPS $1.80 vs est $1.78. *Q2 revenue $10.08 bln vs est $9.89 bln. Third Point, run by billionaire Dan Loeb, in April said the spin off of the aerospace business could create more than $20 billion in shareholder value.

  • MEXICO CITY, July 20- Mexican retail and banking company Grupo Elektra on Thursday reported a net profit of 7.1 billion pesos in the second quarter, boosted by higher sales, an improved loan portfolio and a big payoff from derivative bets. Elektra saw net financial income of 6.87 billion pesos in the second quarter, compared to last year when its costs totaled 3.13...

  • Chinese companies and investors eyeing U.S. assets could face more roadblocks as a result, at a time when the Chinese government is also restricting the flow of capital out of China following a bonanza of Chinese overseas deals. CFIUS's more conservative stance towards deals coincides with growing political and economic tensions between the United States...

  • DETROIT— Billionaire entrepreneur Elon Musk says he has "verbal government approval" to build a tunnel for high-speed transportation from New York to Washington that could break ground by the end of this year. But the White House confirmed it had "positive discussions" about the tunnel with Musk and executives from his underground drilling enterprise, The...

  • LAWRENCE, Mass.— House Speaker Paul Ryan on Thursday pitched Republican plans for overhauling the nation's tax code at a shoe factory, as demonstrators outside protested the GOP agenda of scrapping former President Barack Obama's health care law and tax cuts. "Right now, we've got a tax code that no one really understands enforced by an agency that no one really...

  • Bill Ackman tweets picture of himself ordering Chipotle in middle of latest food safety scare

    Billionaire hedge fund manager Bill Ackman sent his first tweet from a Chipotle Mexican Grill restaurant in the midst of the chain's latest food safety scare.

  • MEXICO CITY, July 19- Mexican billionaire Carlos Slim's America Movil expects regulatory approval to separate part of its Telmex unit by the end of 2017 or early next year, its chief executive said on Wednesday. Mexico's Federal Telecommunications Institute said in March that America Movil, controlled by the Slim family, must separate part of its network...

  • MEXICO CITY, July 19- America Movil, Latin America's largest telecommunications company by number of subscribers, expects approval from Mexico's telecoms regulator to separate part of its Telmex unit in the fourth quarter of this year or the first three months of 2018, its chief executive said on Wednesday. Mexico's Federal Telecommunications Institute...

  • *Russia rushing to finish two Crimea power plants. *Such a task has never been done in Russia before. MOSCOW, July 19- Russia outfoxed European Union sanctions by delivering gas turbines made by Germany's Siemens to the annexed Ukrainian region of Crimea.

  • Netanyahu also made a rare public admission that Israel has struck Iranian arms convoys in Syria bound for Hezbollah "dozens and dozens of times." The Israeli premier was overheard blasting the EU's approach to Israel, saying "it's crazy. Europe is undermining its security by undermining Israel.

  • MEXICO CITY, July 18- America Movil, Latin America's largest telecommunications company by number of subscribers, posted an 86 percent increase in net profit in its second quarter, helped by the peso's gains. America Movil pointed to a 21.8 percent increase in mobile data revenues as a key driver of its success. Analysts had expected America Movil to get a boost...

  • MEXICO CITY, July 18- America Movil, Latin America's largest telecommunications company by number of subscribers, posted an 86 percent increase in net profit in its second quarter, helped by the peso's gains. America Movil pointed to a 21.8 percent increase in mobile data revenues as a key driver of its success. In March, the Federal Telecommunications Institute...

  • MEXICO CITY, July 18- Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the 4.5 G network in Mexico and other Latin American countries and to open up...

  • July 17- At least five directors have left the board of U.S. food startup Hampton Creek Inc, leaving co-founder and Chief Executive Josh Tetrick the only remaining board member, Bloomberg reported on Monday. Health and Human Services Secretary Kathleen Sebelius, Google DeepMind co-founder Mustafa Suleyman, Khosla Ventures partner Samir Kaul and Bart Swanson,...

  • David Einhorn is getting killed by his 'bubble basket' short bets against Tesla, Amazon

    Greenlight Capital's Einhorn is "frustrated" with the performance of his bets against high-flying technology names such as Tesla and Amazon, according to a letter to the firm's clients.

  • July 17- Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive on Procter& Gamble Co's board, as it looks to push the company to take more drastic steps to revive sales and profits. Trian, which owns about $3.3 billion of P&G's stock, or 1.5 percent of the company, urged shareholders to vote for the fund's CEO and co-founder...

  • July 17- Nelson Peltz's Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive at Procter& Gamble Co's board as it looks to push the company to take more drastic steps to revive sales. The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his...

  • July 17- Activist investor Trian Fund Management LP is seeking a board seat at Procter& Gamble Co for Nelson Peltz, the fund's billionaire chief executive, according to a regulatory filing on Monday. The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his track record of working...

  • BEIJING/ HONG KONG, July 17- China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said on Monday. This is in line with Beijing's measures to control potential systemic risk, including problems...