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Millionaires & Billionaires Billionaires

  • PRAGUE, May 2- Czech Prime Minister Bohuslav Sobotka called an extraordinary news conference for 1.30 p.m. on Tuesday to address issues related to his rival Finance Minister Andrej Babis, Sobotka's spokesman said. Ahead of an election due in October, Sobotka has demanded the billionaire former businessman Babis must explain his past financial dealings,...

  • Chief Executive Officer Peter Hancock announced on March 9 that he would depart once the board found a replacement, citing a lack of confidence among directors and investors. Chairman Douglas Steenland has said that AIG's board remains committed to the existing turnaround effort, but analysts are doubtful over whether a new CEO would carry out Hancock's...

  • NEW YORK, May 1- Carl Icahn's big bet on falling prices for biofuels credits generated a rare profit in that area last quarter for the billionaire investor's refining company CVR Energy, according to public filings. CVR Energy's refining unit posted a net gain of $6.4 million associated with the credits, a $50 million turnaround from the year-ago period when CVR...

  • BEVERLY HILLS, May 1- Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could move to break up the country's biggest banks. "My fantasy is to break up the big banks," Griffin said on Monday at the Milken Institute Global Conference in Beverly Hills. Griffin's hedge fund and securities firm...

  • NEW YORK, May 1- A former UBS Group AG banker who as a whistleblower helped U.S. authorities prosecute the Swiss bank for tax fraud, only to spend 2-1/ 2 years in prison for helping a billionaire client evade taxes, on Monday filed a $20 million libel lawsuit against his former employer. Bradley Birkenfeld, who in 2012 got a record $104 million award from an Internal...

  • April 30- Eike Batista, the mining and oil magnate who was once Brazil's richest man, left prison Sunday for house arrest ahead of a trial on corruption charges. Brazilian Supreme Court justice Gilmar Mendes on Friday ordered Batista's release from jail, saying that the crimes the one-time tycoon faces did not involve violence or threats to others.

  • WASHINGTON, April 29- A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump's stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. As temperatures rose above 90 degrees Fahrenheit under hazy skies in the nation's capital, tens...

  • LONDON, April 30- British Prime Minister Theresa May pledged to protect workers against irresponsible practices over pensions on Sunday, promising new regulations on how schemes are handled during corporate takeovers. The pledge comes after high profile cases such as that of BHS, a retailer which was sold by billionaire Philip Green for one pound to a man who...

  • WASHINGTON, April 29- A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump's stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. As temperatures rose above 90 degrees Fahrenheit under hazy skies in the nation's capital, tens...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • BRASILIA, April 28- Brazilian Supreme Court justice Gilmar Mendes ordered the release from jail of former mining and oil magnate Eike Batista, once the country's richest man, ahead of his trial on corruption charges, the court said on Friday. He is expected to stand trial along with an ex- Rio de Janeiro governor who allegedly took millions in bribes from the former...

  • WASHINGTON/ TAIPEI, April 28- Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday. It was unclear if Gou had met personally with Trump, who had already departed the White House for a trip to...

  • Jeff Bezos, chief executive officer of Amazon

    CNBC's Robert Frank reports that Amazon CEO Jeff Bezos' net worth has crossed the $80 billion mark, and he is on-track for overtaking Bill Gates as the richest man in the world.

  • DETROIT, April 28- General Motors Co on Friday reported a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as uncertainty surrounds the overall pace of domestic auto sales for the industry. The results demonstrate that GM will "continue to strengthen the core business, generate the best...

  • Bezos is within striking distance of Microsoft's Bill Gates

    Jeff Bezos' net worth just passed $80 billion.

  • BRASILIA/ SAO PAULO, April 27- Agriculture Minister Blairo Maggi has asked Brazil's foreign trade council to impose tariffs on ethanol imports following a surge in shipments from the United States, an official said on Thursday, a move that could stir trade tensions with the Trump administration. Imposing a tariff on ethanol imports, which come almost entirely...

  • BRASILIA/ SAO PAULO, April 27- Agriculture Minister Blairo Maggi has asked Brazil's foreign trade council to impose tariffs on ethanol imports following a surge in shipments from the United States, an official said on Thursday, a move that could stir trade tensions with the Trump administration. Imposing a tariff on ethanol imports, which come almost entirely...

  • April 27- The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd to drive down its stock price. It upheld the dismissal of claims against two prominent hedge fund firms, Jim Chanos' Kynikos Associates PC and...

  • NEW YORK, April 27- Strong growth from Bristol-Myers Squibb Co's Opdivo and Yervoy cancer immunotherapies drove the company's first-quarter results past analysts' expectations and relieved some anxiety about increasing competition for the drugs. "Sales for Opdivo were strong despite a more competitive landscape," Chief Executive Officer Giovanni...

  • A three-judge panel of a New Jersey state appeals court on Thursday revived conspiracy, disparagement and other claims that had been dismissed in 2011 and 2012 against several defendants in the Toronto- based insurer's $8 billion lawsuit. Fairfax was also allowed to pursue some claims against hedge fund Exis Capital Management Inc and Morgan Keegan, a...