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  • VANCOUVER, March 18- Canada's Environment Minister on Friday approved a liquefied natural gas export project proposed by Woodfibre LNG in British Columbia, after an environmental review found the project was "not likely to cause significant adverse environmental effects." Environment Minister Catherine McKenna imposed numerous conditions on the...

  • LOS ANGELES, March 18- A Los Angeles judge tentatively ruled on Friday that some currently confidential documents can be made public in a lawsuit that challenges the mental competence of 92- year-old media mogul Sumner Redstone. Dauman will be deposed by Herzer's attorneys on April 5, Herzer's attorney Pierce O'Donnell said on Friday. The deposition of Shari...

  • LOS ANGELES, March 18- A Los Angeles judge tentatively ruled on Friday that certain documents can be made public in a lawsuit that challenges the mental competency of 92- year-old media mogul Sumner Redstone. The Los Angeles Times, Variety and the Hollywood Reporter argued the information should be released in the public interest, given Redstone's role as...

  • NEW YORK, March 17- Billionaire investor William Ackman's already very bad week got worse on Thursday. "The fund's performance since we initiated the rating on PSH in May 2015 has been weaker than peers, in contrast to its stellar track record in previous years," S&P analysts wrote, noting that the fund lost money on 11 of 12 positions since October 2015.

  • NEW YORK, March 17- The market for luxury homes in the Hamptons, the summer playground for Wall Street's wealthiest, is losing some of its luster as financial markets limp along for a second year. The average price of the 10 most expensive homes sold in this cluster of towns, villages and hamlets on Long Island's east end was $35.5 million in 2015, 20 percent lower...

  • Fed sees 2 rate hikes in 2016. March 17- Wall Street was lower on Thursday, a day after the Federal Reserve's lowered projection of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. "There's this little bit of rethinking and so, we're looking at a softer opening as some questions arise to the prospects of future growth impacting...

  • March 17- Wall Street was set for a lower open on Thursday, a day after the Federal Reserve's lowered expectations of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. "There's this little bit of rethinking and so, we're looking at a softer opening as some questions arise to the prospects of future growth impacting earnings," said Peter...

  • HONG KONG, March 17- Hong Kong's economy is at its worst in 20 years, billionaire Li Ka- shing said on Thursday, warning that the city's stock market could fall by more than half if the financial hub does not get backing from mainland China. "Today's Hong Kong is getting worse... the worst I've seen in 20 years," said Li, 88, referring to the Asia financial crisis in the late...

  • March 17- U.S. stock index futures were lower on Thursday, a day after the Federal Reserve's lowered expectations of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. *The confidence from the Fed's decision adds to the recent rally in oil prices and improving economic conditions in the United States that have helped stocks recover...

  • Bill Ackman at Delivering Alpha 2015 in New York on July 15, 2015.

    The billionaire investor adjusted his battered hedge fund portfolio when he sold 20 million shares of snack maker Mondelez International.

  • NEW YORK, March 17- The market for luxury homes in the Hamptons, the summer playground for Wall Street's wealthiest, is losing some of its luster as financial markets limp along for a second year. The average price of the 10 most expensive homes sold in this cluster of towns, villages and hamlets on Long Island's east end was $35.5 million in 2015, 20 percent lower...

  • Reuters reported last week that ETE, a pipeline company run by Dallas billionaire Kelcy Warren, had held talks about selling its controlling interest in Sunoco as well as a 36.4 percent stake in the group. Three people familiar with the matter had said the controlling interest could be worth as much as $2 billion. Robert Owens, the chief executive of Sunoco, said in...

  • BOSTON, March 16- Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of snack maker Mondelez International, one day after another key holding, Valeant Pharmaceuticals, lost half of its value. The letter came one day after Pershing Square lost about $800 million when Valeant was pummeled...

  • BOSTON, March 16- Billionaire investor William Ackman told clients on Wednesday that his Pershing Square Capital Management has sold 20 million shares of Mondelez, a key holding, but has no plans to sell any other investments at this time, an investor in the fund said. Mondelez had been the firm's second largest position with 43 million shares.

  • Republican presidential debate scheduled for next week in Utah has been canceled, host Fox News said on Wednesday, after party front-runner Donald Trump told the network he would not participate. Fox News, part of the Twenty-First Century Fox Inc broadcast media and entertainment company controlled by Rupert Murdoch, had announced the debate, to be held in...

  • BOSTON, March 15- Hedge funds on Tuesday lost an estimated $5.3 billion on drugmaker Valeant Pharmaceuticals' stock meltdown, with billionaire investors William Ackman and Jeffrey Ubben taking the brunt of the hit- losing more than $700 million each, according to data from research firm Symmetric.IO. Ackman's $12 billion Pershing Square Capital Management...

  • March 14- Las Vegas Sands Corp persuaded Nevada's highest court to throw out a more than $100 million verdict in favor of a Hong Kong businessman for helping Sheldon Adelson's gaming company enter the fledgling Macau casino market more than a decade ago. In a decision on Friday, the Nevada Supreme Court found "insufficient evidence" to support a May 2013 jury...

  • NEW YORK, March 14- A suspended deputy United Nations ambassador from the Dominican Republic accused of participating in a scheme to bribe a former U.N. Lorenzo is one of six individuals charged in October in connection with a scheme to pay more than $1.3 million in bribes to John Ashe, a former U.N. ambassador from Antigua and Barbuda and who served as General...

  • March 11- Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe. Buffett is worth $66.2 billion, Forbes magazine said on Friday. Vice Chairman Charlie Munger, who is also a billionaire, drew a $100,000 salary last year, Friday's filing showed.

  • *Coming Up: China industrial production data Jan-Feb on Sat. MELBOURNE, March 11- London copper rose on Friday, lifted by surprise stimulus from Europe's central bank, but was still facing its first weekly loss in four, amid jitters over consumption growth in top-metals user China. Patchy readings out of China have painted a mixed picture for its economic health...