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  • Krispy Kreme shares rose nearly 24 percent to $20.88 in premarket trading on Monday, just shy of the offer price of $21 per share in cash. JAB Holding will acquire Krispy Kreme through its unit JAB Beech Inc, in which BDT Capital Partners is a minority investor. JAB Holding, the investment vehicle of the billionaire Reimann family, led a buyout of K-cup coffee pod...

  • WASHINGTON, May 9- Republican presidential candidate Donald Trump sought to clarify his remarks on raising taxes on Monday, saying he would not raise taxes on wealthy Americans but in any negotiations with Democrats in Congress, this group would most likely pay a higher rate than the one he has proposed. Trump told Sunday morning news shows that he was willing to...

  • JAB Holding will acquire Krispy Kreme through its unit JAB Beech Inc, in which BDT Capital Partners is a minority investor. JAB Holding, the investment vehicle of Germany's billionaire Reimann family, led a buyout of K-cup coffee pod maker Keurig Green Mountain Inc in March for $13.9 billion. Simpson Thacher& Bartlett LLP and Womble Carlyle Sandridge& Rice LLP...

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • Republican presidential candidate Donald Trump said on Sunday he was open to raising taxes on the rich, backing off his prior proposal to reduce taxes on all Americans and breaking with one of his party's core policies dating back to the 1990 s. "I am willing to pay more, and you know what, the wealthy are willing to pay more," Trump told ABC's "This Week."

  • Republican presidential candidate Donald Trump said on Sunday he was open to raising taxes on the rich, backing off his prior proposal to reduce taxes on all Americans and breaking with one of his party's core policies dating back to the 1990 s. "I am willing to pay more, and you know what, the wealthy are willing to pay more," Trump told ABC's "This Week."

  • Republican presidential candidate Donald Trump said on Sunday he was open to raising taxes on the rich, backing off his prior proposal to reduce taxes on all Americans and breaking with one of his party's core policies dating back to the 1990 s. "I am willing to pay more, and you know what, the wealthy are willing to pay more," Trump told ABC's "This Week."

  • Republican presidential candidate Donald Trump said on Sunday he is open to raising taxes on the rich, backing off his prior proposal to reduce taxes on all Americans and breaking with one of his party's core policies dating back to the 1990 s. "I am willing to pay more, and you know what, the wealthy are willing to pay more," Trump told ABC's "This Week."

  • LOS ANGELES, May 6- A judge called Sumner Redstone's deposition "strong evidence" that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life, suggesting Redstone has the upper hand in a trial over his mental competence that began on Friday. Although the 92- year-old billionaire, who has majority control of media companies Viacom and...

  • NEW YORK, May 6- New Mexico's public employees are taking their final chunk of money out of billionaire investor William Ackman's hedge fund Pershing Square Capital Management, the pension fund's chief investment officer said on Friday. The $14 billion pension is asking the $12 billion hedge fund to return $13 million, the last remaining bit of a once larger...

  • The FCC- imposed conditions "are largely extensions of the longstanding consumer friendly values and practices of our company," Rutledge said. A majority of the five-member FCC voted to approve the deals earlier this week. The FCC said in a statement Friday that an "order detailing the commission's reasoning and the conditions will be issued in the coming days."

  • WASHINGTON, May 6- The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc's acquisitions of Time Warner Cable Inc and Bright House Networks. A majority of the five-member FCC voted to approve the deals earlier this week. The FCC said in a statement Friday that an "order detailing the commission's...

  • LOS ANGELES, May 6- Sumner Redstone appeared to take the upper hand in defending a lawsuit challenging his mental competency on Friday, as a judge called Redstone's deposition "strong evidence" that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life. Redstone's deposition was presented to a packed Los Angeles courtroom on...

  • LOS ANGELES, May 6- Sumner Redstone said he kicked ex-girlfriend Manuela Herzer out of his house and wants his daughter to take over his health care in a deposition made public on the first day of a high-stakes trial on Friday to settle questions about the media mogul's mental competence. After seeing Redstone's videotaped deposition, Los Angeles Superior...

  • LOS ANGELES, May 6- Sumner Redstone uttered a string of expletives to describe his ex-girlfriend Manuela Herzer for a deposition, parts of which were presented in opening statements to a packed Los Angeles courtroom at the start of a high-stakes trial on Friday to settle questions about the media mogul's mental competence. "There was a circle of deceit, a palace...

  • Oprah Winfrey 1978

    Oprah didn't become the first African-American woman billionaire without making tough decisions. Think you can match the icon's business IQ?

  • Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period. During his China visit, Cook plans to meet senior government and Communist Party leaders- including officials in charge of propaganda, said the source, who declined to be named as the plan is not public yet. Apple's online book and...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd, which has been accused by billionaire investor William Ackman of being a fraud, said it was in advanced talks with the U.S. Federal Trade Commission to settle a probe into whether it runs a pyramid scheme. The company estimated that a fine could be $200 million, which helped the company's shares rise...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd said it was in advanced talks with the U.S. Federal Trade Commission to resolve a probe into its business practices and the health supplements maker reported its first sales rise in six quarters. Herbalife has been under heavy scrutiny for its business practices, with billionaire activist...

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...