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Millionaires & Billionaires Billionaires

  • SYDNEY, April 27- Ten Network Holdings' survival depends on three billionaire debt guarantors, including News Corp Co-Chairman Lachlan Murdoch, after Australia's third-largest TV network reported a A $232 million half-year loss in a weak advertising market. All three of Australia's free-to-air television networks are under pressure as consumers...

  • MEXICO CITY, April 26- Mexican telecoms company America Movil has submitted its proposal for separating a part of its fixed-line unit Telmex from the rest of the company, and expects approval in coming months, a company executive said Wednesday. The Federal Telecommunications Institute on March 8 gave America Movil 65 working days to propose a plan for the...

  • NEW YORK, April 26- Commission-free trading startup Robinhood has raised $110 million in a round led by Russian billionaire Yuri Milner's investment group DST Global, valuing the company at $1.3 billion. Greenoaks Capital and Thrive Capital, the venture capital firm founded by Josh Kushner, also invested, the company said on Wednesday. Existing investors...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday, beating analyst expectations as the peso appreciated against the dollar and euro. America Movil said revenue was 264.16 billion pesos for the quarter, up from 222.99 billion pesos in the same...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday on the back of foreign exchange gains as the peso appreciated against the dollar and euro. Quarterly net profit at Latin America's biggest telecom company jumped to 35.85 billion pesos, up from 4.798...

  • BOSTON/ DETROIT, April 25- Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders will vote in their best financial interests and support the hedge fund's two-class stock proposal and nominees for the board. Greenlight is run by billionaire investor David...

  • BOSTON/ DETROIT, April 25- Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders will vote in their best financial interests and support the hedge fund's two-class stock proposal and nominees for the board. Greenlight is run by billionaire investor David...

  • BOSTON/ DETROIT, April 25- Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders "will vote with their wallets" on the hedge fund's two-class stock proposal and slate of board nominees. In a broad-ranging letter to investors about the first quarter of 2017 seen by...

  • NEW YORK, April 25- Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees. But despite some image problems the industry is actually healthy, according to Simon Lorne, vice chairman and chief legal officer of Millennium Management...

  • PARIS/ LONDON, April 25- Investment banks seeking to persuade Vivendi to float Universal Music Group says the recovering division is worth about 20 billion euros, top executives at the Paris- based media company said on Tuesday. "Today, estimates given by banks proposing an initial public offering can go up to 20 billion euros," Vivendi General Counsel Frederic...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70- year-old fashion label worn by...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favor, but the problem is of course that we have had some political...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro move to simplify his business interests, a restructuring long demanded by other investors. That will unite the 70 year old fashion label worn by film...

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...