Millionaires & Billionaires Billionaires

  • May 31- Switzerland's AC Immune, which already has money in hand from Roche for its most advanced drug, is planning a share sale in the United States to raise up to $50 million for separate drug candidates targeting Alzheimer's disease. The company, run by former Nestle global research head Andrea Pfeifer, joins other European biotech firms that have opted to list...

  • June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, said it expected to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks. The company said it could generate about C $800 million in free cash flow if oil rises to $50 from $40 per barrel on an annualized basis. Husky, controlled by Hong Kong billionaire...

  • The court in São Paulo is due to decide on the appeal by Nordic Trustee ASA to overturn a February ruling that the $500 million mortgage registered in Liberia is invalid for the OSX3 floating production, storage and offloading vessel, or FPSO, owned by a subsidiary of OSX Brasil SA. The OSX3 FPSO is owned by OSX3 Leasing BV, the OSX Brasil unit that is also under...

  • *Macau unit says parent reached confidential settlement. HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said its parent Las Vegas Sands Corp has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau...

  • HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said it has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau operations from 2009 to 2010, sued Sands' parent Las Vegas Sands Corp in 2010 for breach of...

  • May 31- Swiss biotech firm AC Immune SA filed with U.S. regulators on Tuesday to raise up to $50 million in an initial public offering of common stock. AC Immune, backed by German billionaire Dietmar Hopp, said it plans to use proceeds from the IPO to develop products, including Alzheimer's drug crenezumab. The company told the U. S Securities and Exchange Commission...

  • May 31- Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc and that he was very supportive of Chief Executive Officer Brent Saunders. Saunders had moved into the top spot at Actavis from the CEO job at Forest Labs, which Actavis acquired. Icahn had a Forest Labs stake and was agitating for change when the...

  • WASHINGTON, May 31- The U.S. Supreme Court on Tuesday rejected a union's appeal of a lower court's ruling that allowed Atlantic City's Trump Taj Mahal casino, founded by Donald Trump but now owned by billionaire investor Carl Icahn, to break its contract with union workers to secure a bankruptcy rescue deal. The high court's decision not to hear the appeal by Unite...

  • May 31- Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc and that he was very supportive of CEO Brent Saunders. Shares of Allergan rose 2.6 percent to $242 in early trading. Icahn, who launched a $150 million political action committee advocating tax reform to eliminate inversions, was firmly against...

  • SAN FRANCISCO, May 27- Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. "The possibility that Gawker may have to post a bond for $50 million or more just to be able to pursue its right to appeal the...

  • Mark Cuban's new hints about wanting the Vice Presidential spot?

    NBA owner and billionaire investor Mark Cuban is sending out messages about leadership. Does this mean he's interested at being Vice President in 2016 with either Donald Trump or Hillary Clinton?

  • May 27- Williams Cos Inc has informed Energy Transfer Equity LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort to end a stalemate between the companies, according to people familiar with the matter. Energy Transfer's proposed acquisition of Williams has been in doubt for months,...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold, a lawyer for its owner said on Friday, adding that the buyer could choose to drop the name, which has become more controversial since billionaire Donald Trump became the presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold and may not bear the name of presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium building in the city's financial district has found a potential buyer and the sale will conclude "hopefully shortly." Trump Hotel spokeswoman...

  • AUGSBURG, Germany, May 27- The chief executive of German industrial robot maker Kuka said on Friday he welcomed an impending 4.5 billion- euro takeover bid from Chinese home appliance maker Midea. China is the world's biggest market for industrial robots and robot sales in China rose 16 percent last year, driving global sales up 8 percent. However, Chancellor...

  • Among the proposals, Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and protect waterways from industrial pollution. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national...

  • Trump said he would pull the United States out of the U.N. global climate accord, approve the Keystone XL oil pipeline from Canada and rescind measures by President Barack Obama to cut U.S. emissions and expand protections for U.S. waterways. "Any regulation that's outdated, unnecessary, bad for workers or contrary to the national interest will be scrapped and...

  • BISMARCK, ND, May 26- Donald Trump, the presumptive Republican presidential nominee, said on Thursday that he would pull the United States out of the U.N. global climate accord and slash environmental regulations on the energy industry if elected. The comments deepen the contrast between the New York billionaire and his Democratic rivals for the White House,...

  • May 26- Gawker Media, the New York- based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, according to two sources familiar with the matter. The New York Post first reported the sale effort. Investment company Columbus Nova Technology...

  • May 26- Gawker Media, the New York- based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, according to two sources familiar with the matter. The New York Post first reported the sale effort. A six-person jury in March awarded $60 million...