×

Millionaires & Billionaires Billionaires

  • WASHINGTON, March 21- Republicans considering whether or not to back U.S. As Trump and leaders in the House round up support for the bill ahead of a planned Thursday vote, some groups are threatening to retaliate against those who do support it, including the Club for Growth, the Heritage Foundation's political arm, and Americans for Prosperity, which is part of the...

  • "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28. The company lost $2.22 billion in the year to Jan. 28. Since 2013 it has accumulated $7.4 billion in losses and seen revenue fall 44 percent to $22.1 billion.

  • WASHINGTON, March 21- Republicans considering whether or not to back U.S. As Trump and leaders in the House round up support for the bill ahead of a planned Thursday vote, some groups are threatening to retaliate against those who do support it, including the Club for Growth, the Heritage Foundation's political arm, and Americans for Prosperity, which is part of the...

  • LAPA, Brazil, March 21- Brazil's federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation's meatpacking industry were isolated incidents, an attempt to tamp down a scandal that has led the Latin American nation's biggest export markets to ban its meats. But Hong Kong, Japan, Canada, Mexico and...

  • March 21- Retailer Sears Holdings Corp, which has struggled with years of losses and declining sales, warned on Tuesday about its ability to continue as a going concern. Sears said on Tuesday actions taken during the year to boost liquidity, including the sale of the Craftsman tool brand to power tool maker Stanley Black& Decker Inc in a $900 million deal, could...

  • LONDON, March 21- British retail tycoon Philip Green's deal with the regulator to plug a hole in the pension schemes of collapsed department store BHS will see a small number of the highest-paid former managers benefit the most, a parliamentary committee said on Tuesday. A report by the lower House of Commons' Work and Pensions Committee also found billionaire...

  • District Judge Juan Sanchez in Philadelphia said the SEC "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading illegally in Atlas Pipeline Partners LP, based on tips from an Atlas executive. The case has already hurt New York- based Omega, which has seen assets under management tumble to $3.5 billion as of Jan....

  • District Judge Juan Sanchez in Philadelphia said the SEC had "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of illegal profit in 2010 through insider trading in Atlas Pipeline Partners LP. The judge separately dismissed SEC claims that Cooperman failed to file required reports about his stakes in eight public companies,...

  • March 20- A federal judge on Monday rejected billionaire investor Leon Cooperman's bid to dismiss the U.S. Securities and Exchange Commission's insider trading case against him and his firm, Omega Advisors Inc.. District Judge Juan Sanchez in Philadelphia said the SEC had "pleaded a plausible claim for insider trading." The judge also dismissed SEC claims that...

  • March 17- Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world's second-richest person safe. Berkshire said Buffett's salary in 2016 was $100,000, the same amount he has received for more than a quarter century, while the cost of providing him with home and...

  • *Piech's 14.7 pct Porsche SE stake worth around 1 bln euros. BERLIN, March 17- Former Volkswagen chairman Ferdinand Piech is in talks to sell his stake in Porsche SE in a deal that would shake up the ownership structure of the company that controls VW. The families are in negotiations to buy a substantial part of Ferdinand Piech's 14.7 percent stake in Porsche SE,...

  • BERLIN, March 17- Former Volkswagen Chairman Ferdinand Piech is in talks to sell his stake in Porsche SE in a deal that would shake up the ownership structure of the company that controls Volkswagen, the world's largest carmaker. The families are in negotiations for a 14.7 percent stake in Porsche SE, worth around 1 billion euros, to be transferred from Piech to...

  • *Plans to sell land to China's Genzon for $260 mln- source. LeEco, one of China's most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars within 13 years, is struggling to support its goals that include beating Elon Musk's Tesla Motors in premium electric vehicle making.

  • March 16- Six U.S. Senate Democrats on Thursday stepped up efforts to get more clarity from the White House and chief of the Environmental Protection Agency on Carl Icahn's role as special adviser on regulations to President Donald Trump. The lawmakers, including Sheldon Whitehouse of Rhode Island and Elizabeth Warren of Massachusetts, in letters to the White...

  • LONDON, March 16- Indian billionaire Anil Agarwal said he wants to buy a 2 billion pound stake in Anglo American, a major vote of confidence in the global miner's recovery. Last year, Anglo American's shares gained nearly 300 percent, making it the best performer on the London FTSE as the mining industry recovered from a slump in commodity prices in 2015 and early...

  • NEW YORK, March 16- More than 20 U.S. senators pressed President Donald Trump on Thursday to reject requests from oil refiners to overhaul the U.S. biofuels program, weighing in on a debate that has roiled markets from soybeans to gasoline in recent weeks. The change would be "unwarranted and indefensible," said the bipartisan group of senators that included...

  • *FTSE 100 up 0.6 pct. LONDON, March 16- UK shares rose to new record highs on Thursday, helped by a surge in commodities-related stocks, but pared some gains after a Bank of England policymaker voted for a rate hike. "The fact that some members of the MPC may be inclined to agree with Forbes suggests a hawkish tilt that few were expecting," said Neil Wilson, market analyst at...

  • LONDON, March 16- European shares hit their highest level in 15 months on Thursday after the Federal Reserve signalled no pick-up in the pace of monetary tightening and centre-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, also rising 0.6 percent, while both Germany's DAX...

  • LONDON, March 16- Indian billionaire Anil Agarwal said he was buying a 2 billion pound stake in Anglo American, sending the global miner's shares sharply higher and signaling a possible return to large-scale dealmaking in the sector. Anglo American, which has a market value of around 16.75 billion pounds, refused to comment. Wednesday's announcement of...

  • *Anglo American tops STOXX after billionaire buys stake. Fed raised rates and center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015.