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Millionaires & Billionaires Billionaires

  • The company said it planned to invest between $2 billion and $2.5 billion in capital expenditures ahead of the start of Model 3 production. The company has been investing heavily on production of its latest models and in its $5 billion gigafactory, which makes lithium-ion battery cells in Nevada. The company, led by billionaire entrepreneur Elon Musk, is...

  • Toll Brothers Inc., up $1.94 to $33.93. Garmin Ltd., up $3.70 to $54.15. Bristol-Myers Squibb Co., up 57 cents to $55.35.

  • Feb 22- Tesla Inc posted a smaller quarterly loss and said its mass-market Model 3 sedan was on track for volume production by September. The company's net loss attributable to common shareholders narrowed to $121.3 million, or 78 cents per share, for the fourth quarter ended Dec. 31 from $320.4 million, or $2.44 per share, a year earlier. http://bit.ly/2l9C0tI.

  • SAN FRANCISCO, Feb 22- Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity. Wall Street estimates for Tesla's fourth-quarter loss per share vary widely, potentially due in part to the deal. More recently, the Silicon Valley...

  • *Fed to release minutes at 2:00 p.m. ET. The company is set to win antitrust approval from European Union regulators for its $130 billion merger with Dow Chemical, sources told Reuters. Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility of a rate hike at an upcoming meeting.

  • *Fed to release minutes at 2:00 p.m. ET. The minutes, due at 2:00 p.m. ET, will likely give more clarity on the next hike. "It is no more a question of whether they will raise rates, but when they are going to do it," said Jim Davis, regional investment manager at U.S. Bank Private Client Group in Springfield, Illinois.

  • It's not as well-known as Rodeo Drive, but North Hillcrest Road is quietly becoming the hottest street in Beverly Hills.

  • NEW YORK— U.S. stocks slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals will win approval from regulators. DuPont and Dow Chemical rose after Reuters reported that European officials could approve their merger soon.

  • *Fed to release minutes at 2:00 p.m. ET. *Bristol-Myers top stock on S&P after Carl Icahn takes stake. Investors were focused on the minutes of the Fed's Jan. 31- Feb. 1 meeting, expected at 2:00 p.m. ET.

  • BAODING, China— Wei Jianjun is the chief matchmaker in China's love affair with the SUV. A decade ago, the chairman of Great Wall Motors Ltd. saw opportunity as the bulky vehicles began shedding their image in China as a farm tool. By 2013, with demand surging, Great Wall had become China's most profitable automaker and Wei was a billionaire.

  • By a 2-1 vote, the U.S. Circuit Court of Appeals for the District of Columbia said a lower court had correctly barred claims that the government overstepped its authority in 2012 by eliminating dividend payouts to various shareholders and requiring the companies to pay the U.S. "For me, it looks like the end of the road," Ellis Phifer, senior market strategist at...

  • Feb 21- Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company's shares from a loss to more than 2 percent higher. Earlier on Tuesday, Bristol-Myers said it added three directors to its board, a move supported by JANA...

  • SAN FRANCISCO, Feb 21- Short sellers have been at the losing end of a tug-of-war with Tesla Inc investors in 2017, with some surrendering in recent weeks following nearly $2 billion in losses as shares of the electric car maker approach record highs. In 2017, traders have suffered paper losses of $1.95 billion betting against Tesla by shorting its shares,...

  • Tuesday's decision was a setback for hedge fund Perry Capital and other investors that sought to challenge the lower court's dismissal of lawsuits arguing the government's confiscation of profits was illegal. Major owners of the companies' preferred stock include Bruce Berkowitz's Fairholme Funds Inc, while William Ackman's Pershing Square Capital...

  • Feb 21- Insurance giant American International Group Inc has reached a deal to sell one of its lesser-known assets: a northern Vermont ski slope. Vail Resorts Inc, a Brookfield, Colorado- based company that runs mountain resorts, has signed a $50 million agreement to buy the ski operations of Stowe Mountain Resort from AIG's real-estate business, the resort...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure centre to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure centre to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure center to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure center to oversee sensitive assets. Australia last year...

  • The deal, which will likely value Popeyes at more than $1.7 billion, is a bet by Oakville, Ontario- based Restaurant Brands that it can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Restaurant Brands did not respond immediately to a request for comment, while Popeyes decline to...