Millionaires & Billionaires Billionaires

  • Singapore- based private investment firm Shanda Group, which is led by Chen, reported a 15.13 percent in Lending Club as of June 16, up from 11.7 percent reported on May 11, two days after Laplanche was forced out. Shares of Lending Club, the world's largest peer-to-peer lender, were up about 3.1 percent at $5.02 in midday trading on Monday. The business lured millions...

  • Investment entities led by Chen reported a 15.13 percent in Lending Club as of June 16, up from 11.7 percent reported on May 11, two days after Laplanche was forced out. Shares of Lending Club, the world's largest peer-to-peer lender, were up about 2 percent at $4.90 in early trading on Monday, having more than halved this year. Laplanche also had not disclosed to...

  • June 20- Chinese billionaire Tianqiao Chen raised his stake in online lending platform LendingClub Corp to 15.13 percent from 11.7 percent, which was earlier reported on May 11.

  • WILMINGTON, Del., June 20- Dallas billionaire Kelcy Warren will head to court on Monday to defend against allegations his pipeline company, Energy Transfer Equity LP, has purposely tried to scuttle a proposed $20 billion deal for rival Williams Cos Inc.. Williams sued in May, accusing Warren, who maintains a tight grip on ETE as its chairman and chief executive, of...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After funding a successful campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to back similar efforts in several other U.S. cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After successfully funding a campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to fund similar efforts in several other cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • NEW YORK/ WILMINGTON, Del, June 17- A high-stakes trial will open on Monday to determine if Dallas billionaire Kelcy Warren's Energy Transfer Equity can back out of a $20 billion agreement to buy rival pipeline operator Williams Cos Inc.. ETE's share price has fallen about 45 percent since the deal was announced, raising the cost of financing the deal, which...

  • *Soda industry says Philadelphia success won't have ripple effect. NEW YORK, June 17- After successfully funding a campaign to pass a soda tax in Philadelphia, billionaire Michael Bloomberg is preparing to fund similar efforts in several other cities, giving new momentum to measures seeking to limit soft drink consumption. The former New York City mayor...

  • SAO PAULO, June 17- Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais in obligations by more than half. Notes from a Netherlands- based Oi unit due this year were excluded from the plan. The Rio de Janeiro- based company, which faces a payment of 230...

  • June 16- Workers at four casinos in Atlantic City, New Jersey's gambling hub, voted overwhelmingly on Thursday to authorize a strike if they are not offered what they consider to be a fair contract by the start of the busy July 4 holiday weekend. A strike vote could give Unite Here Local 54 bargaining committees more firepower in negotiations over new contracts...

  • June 16- Workers at four casinos in Atlantic City, New Jersey's gambling hub, voted overwhelmingly on Thursday to authorize a strike if they are not offered what they consider to be a fair contract by the start of the busy July 4 holiday weekend. A strike vote could give Unite Here Local 54 bargaining committees more firepower in negotiations over new contracts...

  • Dauman remains CEO for now and he and the other four will stay on the board until a Delaware court affirms the changes, but the move could be a prelude to the 93- year-old media mogul forcing Dauman out of the company entirely. Viacom's independent lead director Fred Salerno, one of the board members Redstone removed, shot back with his own lawsuit on Thursday in the...

  • Viacom's independent lead director Fred Salerno, one of the board members Redstone removed, shot back shortly after, saying he would file a lawsuit on Thursday in the same Delaware court to block the move, calling it "invalid" and the result of Redstone's daughter Shari manipulating her father. Redstone's privately held movie holding company, National...

  • NEW YORK/ SAN FRANCISCO, June 16- Sumner Redstone removed five of Viacom Inc's directors, including Chief Executive Philippe Dauman, from the board of the media company he controls, ramping up the stakes in the battle over the future of his $40 billion media empire. National Amusements said it removed Dauman, George Abrams, lead independent director Fred Salerno,...

  • June 16- Workers at four casinos in Atlantic City, New Jersey's gambling hub, turned out to vote on Thursday on whether to authorize a strike if they are not offered what they consider to be a fair contract by the start of the busy July 4 holiday weekend. "We've taken care of the companies over the years so we feel it's time that they give back to us now," said Chuck Baker, a...

  • June 16- Workers at four casinos in Atlantic City, New Jersey's gambling hub, turned out to vote on Thursday on whether to authorize a strike if they are not offered what they consider to be a fair contract by the start of the busy July 4 holiday weekend. "We've taken care of the companies over the years so we feel it's time that they give back to us now," said Chuck Baker, a...

  • Four Atlantic City casinos closed in 2014 and remain shuttered, in part because of gambling competition from neighboring states. Atlantic City casino revenues increased 2.7 percent to $802.6 million in the first quarter of 2016, according to state data. Thursday's strike vote pertains to the Tropicana casino and two properties, Caesars Atlantic City and...

  • *Says can help Kuka grow in China. FRANKFURT, June 16- China's Midea said it would allow German industrial robot maker Kuka to operate independently and help it expand in China as it formally launched a 4.5 billion-euro offer on Thursday. The Chinese company said it could help Kuka to broaden its product offering in China, the world's largest market for industrial...

  • *Disney officially opens doors to Shanghai park. *China offers incredible potential- CEO. SHANGHAI, June 16- Walt Disney Co has opened the gates to its first theme park in China, prompting a rush from thousands of gathered Mickey Mouse enthusiasts to be the first to storm Treasure Cove, ride the Roaring Rapids or visit Disney's tallest castle.

  • NEW YORK, June 15- A U.S. bankruptcy judge on Wednesday approved Gawker Media LLC's request to borrow $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help fund the online publisher through its court-supervised auction. Gawker filed for bankruptcy last week, with an agreement from publisher Ziff Davis LLC to buy it for $90 million...