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Millionaires & Billionaires Billionaires

  • MOSCOW, April 20- Severstal, one of Russia's biggest steelmakers, said on Thursday its core earnings more than doubled in the first quarter as it benefited from rebounding metals prices, although its results lagged market expectations. Earnings before interest, taxation, depreciation and amortisation totalled $578 million, up from $273 million in the first...

  • NEW YORK, April 19- Wells Fargo& Co's largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors. Wells Fargo, the fourth-largest U.S. bank, has for months...

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • *Buffett's popularity in China may aid marketing pact. April 17- A real estate brokerage controlled by Warren Buffett's Berkshire Hathaway Inc on Monday announced a marketing agreement with Juwai.com, China's largest international property website, to attract wealthy Chinese citizens hoping to buy homes in the United States. Including buyers from Hong...

  • SANTIAGO, April 17- Chile's stock market had its best quarter of growth since the 1990 s in the first three months of 2017, with traders and analysts citing expectations of a return to a conservative, business-friendly government as the key factor. But Chile also benefited from significant tail winds related to expectations of political change, analysts and...

  • April 17- Berkshire Hathaway HomeServices on Monday said it entered a marketing agreement with Juwai.com, China's largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States. Berkshire Hathaway HomeServices may also be hoping to benefit from Buffett's popularity in China.

  • April 17- In 10 days, the U.S. Federal Communications Commission will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc, Sprint Corp and Dish Network Corp to be the first ones out of the gate. You have to ask yourself whether T-Mobile is going to be as eager to do a deal as Sprint, "said Craig Moffett, an analyst at...

  • WASHINGTON/ BOSTON, April 16- In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies. More than half a dozen sources on Wall Street and in the White House said Cohn has gained the...

  • WASHINGTON/ BOSTON, April 16- In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies. More than half a dozen sources on Wall Street and in the White House said Cohn has gained the...

  • April 13- American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. The figure includes his $1.6 million base salary, longer-term incentive pay in stock worth...

  • April 13- Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. The news comes two weeks after hedge fund Sarissa Capital called for a sharp cut in the compensation of Innoviva's chief executive and the board.

  • April 13- Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. The news comes two weeks after hedge fund Sarissa Capital called for a sharp cut in the compensation of Innoviva's chief executive and the board.

  • April 13- American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. Hancock did, however, receive his $1.6 million base salary and longer-term incentive pay in...

  • board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. The insurance company's board has also re-nominated Samuel Merksamer, who represents billionaire Carl Icahn, to serve on the board for...

  • NEW YORK, April 13- Billionaire real estate developer Rick Caruso learned about entrepreneurship and money at an early age. Caruso, 58, has also been an active civic leader and philanthropist in Los Angeles, where he grew up and is based. He is a former president of the Los Angeles Board of Police Commissioners and was a commissioner on the Department of Water and...

  • *To get $300 mln from Biogen, $170 mln from Roche upfront. April 13- Bristol-Myers Squibb Co said on Thursday it would license two of its drugs to Biogen Inc and Roche Holding AG for an upfront fee of $470 million. The Wall Street Journal reported in February that billionaire investor Carl Icahn had taken a stake in Bristol and saw the company as a possible takeover...

  • VP Pence visits Indonesia next week on Asian tour. *Indonesia questions Trump policies on immigration, trade. JAKARTA, April 13- Washington has billed Vice President Mike Pence's visit to Indonesia next week as a booster for the Strategic Partnership between the world's second- and third-largest democracies, but a raft of bilateral tensions could sap the...

  • DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motor Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Billionaire investor David Einhorn, who runs Greenlight, went public with a proposal in...

  • DETROIT, April 12- Hedge fund Greenlight Capital, which is run by billionaire investor David Einhorn, nominated three directors to General Motor Co's board and reiterated its proposal to split the company's common stock into two classes to help boost the share price. In a regulatory filing, Greenlight nominated former AT&T Broadband Chief Executive Officer...

  • April 12- Hedge fund Greenlight Capital said on Wednesday that it had nominated three independent candidates to the board of General Motors Co.. Greenlight, run by billionaire investor David Einhorn, wants GM's management to split its common stock into two classes: one that would receive the current dividends and one that would participate in all earnings and...