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  • The median share price forecast of 30 analysts who raised price targets after Alphabet reported strong results on Monday was $920, suggesting that the company formerly known as Google could be valued at $625 billion in the next 12 months. A look at the most bullish price targets on the companies' shares shows that Alphabet is expected to be valued at $734 billion...

  • Oil struggled to steady, having fallen as much as 7 percent on Monday, and the glum macro mood sweeping back though markets saw European shares follow Asia deep into the red. Britain's FTSE 100, Germany's DAX and France's CAC 40 were down 1.4-1.7 percent as BP's biggest loss in 20 years and plans to cut thousands more jobs dovetailed with rating cuts by S&P for...

  • Republican presidential candidate Ted Cruz's victory on Monday in corn-rich Iowa could represent a major blow to the nation's controversial biofuels program, reflecting its waning influence over politicians even in the U.S. farm heartland. The conservative senator from Texas and outspoken opponent of the Renewable Fuel Standard, or RFS, upset Republican...

  • Del Vecchio is well regarded and credited with turning Luxottica into a global player by buying coveted brands such as Ray Ban sunglasses. The company has been dogged by concerns over management stability over the past year and a half following the departure of long-standing CEO Andrea Guerra following a rift with Del Vecchio. His successor, Enrico Cavatorta...

  • NEW YORK, Jan 29- Samantha Greenberg, a partner at $16.2 billion Paulson& Co., is leaving to launch her own hedge fund firm, according to people familiar with the situation. Greenberg and a spokesman for Paulson, led by billionaire John Paulson, declined to comment. She was named to the Hedge Fund Journal and Ernst& Young's 50 Leading Women in Hedge Funds for 2013.

  • The billionaire refused to participate in the debate out of anger that Fox News anchor Megyn Kelly was a moderator. Last-minute phone calls with Fox News Chairman Roger Ailes failed to resolve their dispute, which broke out just days before next week's Iowa caucuses, the first nominating contest for the Nov. 8 presidential election. On Friday, Trump defended his...

  • But CNN said the debate was still rated more highly than coverage of a rally at the same time that was hosted by Trump, who boycotted the Fox News event in a fight with the network. Citing early data from measurement company Nielsen, CNN said the Fox News debate in Iowa on Thursday had a household rating of 8.4, beating only an earlier debate on the less-prominent Fox...

  • Senator Ted Cruz of Texas, Senator Marco Rubio of Florida, retired neurosurgeon Ben Carson and former Florida Governor Jeb Bush also gained traction on Google. Trump boycotted the event after Fox News refused to yield to his demand that network anchor Megyn Kelly be replaced as a moderator. After Fox News issued a sarcastic news release about the contretemps,...

  • Jan 29- Xerox Corp said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit. The printer and copier maker will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company. Xerox, whose shares had...

  • LOS ANGELES, Jan 28- Viacom Inc Executive Chairman Sumner Redstone will undergo an examination on Friday by a doctor hired by an ex-girlfriend in a lawsuit that challenges his mental competency, a spokesman for the former girlfriend said. Stephen Read, a geriatric psychiatrist retained by former girlfriend Manuela Herzer, will examine Redstone at his...

  • Jan 28- Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported. Xerox will split into one company containing its hardware operations and another housing its services business, the Journal reported, citing sources. The WSJ said Icahn would get the...

  • SAO PAULO, Jan 28- Grupo BTG Pactual SA cut about 18 percent of Brazil- based staff on Thursday as the embattled investment-banking firm moved to reduce costs by 25 percent in the wake of the arrest of billionaire founder André Esteves. The bank had 1,653 staff in Brazil. On Wednesday, Reuters reported that up to 25 percent of Brazil employees could be fired to bring...

  • The meeting raised the possibility of rare joint action with OPEC, of which Russia is not a member, because of a global oil glut but Kremlin spokesman Dmitry Peskov has said there is "nothing to talk about in a tangible sense" for now. The final decision will lie with Putin but Sechin's input is likely to be crucial as Russia considers acting in tandem with OPEC for the...

  • *China's main indexes have lost $2 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • SAO PAULO, Jan 28- Debt restructuring firms are poised to pull in record amounts of business in Brazil this year as the country's worst recession in decades and a corruption probe that has cast a shadow over dozens of companies leads to a surge in defaults. Scenting an opportunity, U.S. restructuring shops including FTI Consulting Inc, Houlihan Lokey Inc, and...

  • *China's main indexes have lost $1.8 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • Many big-money clients- representatives of wealthy families, endowments and private investment firms in New York, London and Geneva- came to the Morgan Stanley Hedge Fund Forum at the $1,000- a-night Breakers Palm Beach resort in a sour mood, hurt by their hedge fund investments last year and so far in January. The Breakers gathering, in its 18th year, once again...

  • BOSTON, Jan 27- Billionaire investor Bill Ackman's Pershing Square Holdings lost 11.2 percent since the start of the year, beginning 2016 with the same kind of double-digit losses that plagued the fund in 2015.. But there is a small silver lining for Ackman and investors in his $14 billion hedge fund: Losses have eased modestly from the previous week, when the...

  • JERUSALEM, Jan 27- A new app that allows users to send anonymous text messages is causing alarm among parents, politicians and some teenagers, who say it is being used as a weapon for cyber-bullying. Blindspot, launched by Israeli company Shellanoo, has attracted 700,000 users since it was launched a month ago, mostly in Israel where it is being heavily marketed but...

  • Bill Ackman

    Billionaire investor Bill Ackman told investors that he made mistakes last year in not cutting two big positions.