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  • Nov 25- Billionaire investor Leonard Blavatnik disclosed a 11.4 percent passive stake in mobile payments company Square Inc, which went public earlier this month. Blavatnik is also the owner of Warner Music Group and holds a stake in popular handbag maker Tory Burch LLC. But the company faces intense competition in the payments market, with Apple Inc launching...

  • SAO PAULO, Nov 25- Brazil's Grupo BTG Pactual SA scrambled to contain fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up plunging shares. The moves highlighted investors' concerns whether Latin America's largest independent investment bank can thrive...

  • Nov 25- Ukrainian billionaire Leonard Blavatnik disclosed a 11.4 percent passive stake in mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24. Dorsey is also chief executive of Twitter Inc..

  • BTG scrambles to contain Esteves arrest fallout Wednesday, 25 Nov 2015 | 4:16 PM ET

    SAO PAULO, Nov 25- Brazil's Grupo BTG Pactual SA scrambled to contain the fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up its plunging share price. Ratings agency Moody's Investors Service warned the credit rating of Latin America's largest homegrown...

  • Nov 25- A lawyer for Sumner Redstone denied claims made by his ex-girlfriend in a lawsuit that the executive chairman of Viacom Inc and CBS Corp was mentally impaired and unable to make decisions. The Los Angeles Times earlier reported that Manuela Herzer, one of the billionaire media mogul's former girlfriends, filed a probate lawsuit in Los Angeles County...

  • SAO PAULO/ BRASILIA, Nov 25- The chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever. The arrest of André Esteves, the billionaire CEO and controlling shareholder of BTG Pactual...

  • *No showing that Herbalife intended to defraud. *William Ackman made $1 billion bet against Herbalife. The lawsuit is separate from the campaign against Herbalife by billionaire activist investor William Ackman of Pershing Square Capital Management LP, who in December 2012 announced a $1 billion bet against the Los Angeles- based company.

  • *Supreme Court orders arrests for obstructing investigation. SAO PAULO/ BRASILIA, Nov 25- Brazilian police arrested the ruling party's leader in the Senate and the chief executive of Latin America's biggest investment bank on Wednesday on suspicion of obstructing an investigation into corruption at state-run oil company Petrobras. Amaral is chairman of...

  • BUENOS AIRES, Nov 24- Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the country over unpaid government debt. That will mean finding a quick way to bolster the central bank's dwindling foreign currency reserves, which have fallen to a nine-year low below...

  • CAPE CANAVERAL, Fla., Nov 24- Amazon founder Jeff Bezos said on Tuesday his space transportation company, Blue Origin, plans about two more years of test flights before it will offer rides to passengers. "This flight retired a lot of risk and validated of lot of the elements of the design," Bezos, who founded Amazon.com Inc and owns the Washington Post newspaper.

  • CAPE CANAVERAL, Fla., Nov 24- Amazon founder Jeff Bezos' space transportation company, Blue Origin, successfully landed a suborbital rocket back at its launch site, a key step in its drive to make reusable rockets, the company said on Tuesday. The New Shepard rocket, which is designed to carry six passengers, blasted off from a launch site in West Texas at 12:21 p.m. CST...

  • BUENOS AIRES, Nov 24- Argentine President-elect Mauricio Macri plans to push through economic reforms that will buy him time for a "tough negotiation" with U.S. hedge funds suing the South American country over unpaid sovereign debt, he told the daily Clarin newspaper. The pro-business Macri, who narrowly won Sunday's presidential election, vows to get...

  • Chinese billionaire can now fly free forever Tuesday, 24 Nov 2015 | 6:00 AM ET
    Chinese billionaire can now fly free forever

    A Chinese man can now likely get free flights for the rest of his life after putting $170 million on his black Amex.

  • UPDATE 1-Ackman boosts stake in drugmaker Valeant Monday, 23 Nov 2015 | 6:43 PM ET

    Nov 23- Activist investor Bill Ackman's hedge fund has significantly increased its investment in Valeant Pharmaceuticals International, and signaled it may play a greater role in the beleaguered drugmaker's strategy, according to a regulatory filing. Ackman's Pershing Square Capital Management raised its stake in Valeant to 9.9 percent from 5.7 percent...

  • Nov 23- Activist investor Carl Icahn disclosed a stake in Xerox Corp, and called the printer and copier maker's shares "undervalued", sending its shares up 7.6 percent in extended trade. Icahn, who recently took stakes in American International Group and Freeport-McMoran Inc, said he would look at getting representation on Xerox's board, as well as pursuing...

  • Nov 23- Activist investor Carl Icahn said he may propose adding a new director to American International Group's board, saying Peter Hancock, AIG's chief executive, was unlikely to "sincerely consider" his suggestion to split the company into three. Icahn disclosed on Monday that he owned 42 million shares in AIG as of Oct. 28, which would make him the insurer's...

  • Icahn says may propose new director to AIG board Monday, 23 Nov 2015 | 9:23 AM ET

    Nov 23- Billionaire investor Carl Icahn said he may propose to add a new director to American International Group's board, saying CEO Peter Hancock was unlikely to "sincerely consider" his suggestion to split the company into three. "We intend to commence shortly a consent solicitation that will enable shareholders to express their views directly to the board,"...

  • NEW YORK, Nov 20- There are no picky eaters on Thanksgiving- as long as the menu is hormone and antibiotic free, locally grown and convenient. Tyson Foods and Post Holdings report results Monday, followed Tuesday by Campbell Soup and Hormel Foods. Gabelli's investing ideas include General Mills, Paris- based Danone and Tokyo- based Yakult Honsha for their yogurt...

  • Nov 20- U.S. central bankers may have to speed up the pace of their expected interest rate hikes late next year to prevent prices from rising too quickly, an economist at billionaire Steven A. Cohen's family office said on Friday. But Dean Maki, chief economist at Cohen's $11 billion Point72 Asset Management, sees some dangers on the horizon if unemployment, now at...

  • More Mexican immigrants leaving U.S. than entering -Pew Thursday, 19 Nov 2015 | 12:00 PM ET

    CHICAGO, Nov 19- More Mexicans are leaving the United States than entering it according to a report released on Thursday, at a time when some Republicans, including presidential candidate Donald Trump, have taken a hard line on illegal immigration. Most Mexicans leaving the United States are doing so voluntarily to reunite with their family or to start one, the...