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Millionaires & Billionaires Billionaires

  • BOSTON, March 8- Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, said on Wednesday he bought shares of Snap Inc in its initial public offering, sold some, and would buy again if the price dropped. The highly anticipated $3.4 billion offering was the biggest U.S. technology IPO since Alibaba Group...

  • Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. A potentially lengthy U.S. legislative fight over a replacement of the Obamacare health law begins on Wednesday as two House of Representatives committees begin negotiating changes to a Republican plan backed by Trump.

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it would make its request for a probe in a letter to Congress later...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed Republican legislation to replace the Obamacare healthcare law but the measure faced a rebellion by conservative groups and lawmakers, complicating its chances for passage in the U.S. Congress. Republican U.S. House of Representatives leaders on Monday unveiled legislation to do away with...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed Republican legislation to replace the Obamacare healthcare law but it faced a rebellion by conservative groups and lawmakers who denounced it, complicating its chances for passage in the U.S. Congress. Speaker Paul Ryan said he could guarantee that he had enough votes to win passage of the...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed a plan by Republican U.S. lawmakers to replace the Obamacare healthcare law but influential conservative groups came out strongly against it, complicating the proposal's prospects for passage in Congress. Republicans in the U.S. House of Representatives on Monday unveiled legislation to do...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed a plan by Republican U.S. lawmakers to replace the Obamacare healthcare law but influential conservative groups came out strongly against it, complicating the proposal's prospects for passage in Congress. Republicans in the U.S. House of Representatives on Monday unveiled legislation to do...

  • PARIS, March 7- The initial public offering of Carrefour's Brazilian unit will take place in mid-2017, billionaire Abilio Diniz said on Tuesday, voicing confidence that Brazil's economy is emerging from the worst recession its history. "Carrefour Brazil's IPO willl take place this year. Diniz, whose family is the third-largest shareholder of French retailer...

  • March 7- Blue Origin, a rocket company owned by Amazon.com Inc Chief Executive Officer Jeff Bezos, has signed France's Eutelsat Communications SA as its first customer for satellite launch services, he said on Tuesday. We couldnt hope for a better first partner, Bezos said during a keynote address at the Satellite 2017 conference in Washington.

  • March 7- Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees at the 2017 annual meeting. Sarissa Capital Management LP, a hedge fund run by billionaire investor Carl...

  • March 7- Blue Origin, a rocket company owned by Amazon.com Inc Chief Executive Officer Jeff Bezos, has signed Eutelsat Communications SA as its first customer for satellite launch services, he said on Tuesday. Blue Origin is developing a reusable orbital rocket called New Glenn that is expected to debut before the end of the decade. The target date for the first...

  • March 7- Innoviva Inc said on Tuesday activist investor Sarissa Capital Management LP had nominated a slate of directors to replace a majority of the company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees, adding Sarissa had provided no rationale for its actions nor proposed a new strategic...

  • *Telecom operator hopes to launch in Italy by early 2018. PARIS, March 7- French telecoms operator Iliad reported on Tuesday its biggest annual profit margin since the launch of its low-cost Free brand mobile service five years ago, giving it firepower for its next assault, on Italy. The Paris- based group, founded and controlled by billionaire Xavier Niel, said it...

  • *Shares rise, among top performers on Paris stock market. The Paris- based group, controlled by billionaire Xavier Niel, triggered a price war in the French mobile sector with the launch of its low-cost Free brand in 2012.. The group said its annual investments in France would rise to 1.4- 1.5 billion euros for 2017 and 2018, from 1.3 billion euros in 2016..

  • It also set out a full-year capital expenditure target for France in the range of 1.4 to 1.5 billion euros for 2017 and 2018. It also said it would generate more than 1 billion euros in EBITDA, before capital expenditure in France from 2020.. It confirmed its target to achieve a consolidated EBITDA margin in France of more than 40 percent by 2020..

  • PARIS, March 7- French telecoms operator Iliad reported on Tuesday a 12.5 percent rise in its full-year core operating profits, propelled by higher margins at its mobile business. It also set out a full-year capital expenditure target for France in the range of 1.4 to 1.5 billion euros for 2017 and 2018. It also said it would generate more than 1 billion euros in...

  • DUBLIN, March 6- Packaging conglomerate Ardagh Group launched a long-awaited initial public offering late on Monday, as it sought to raise as much as $370 million by floating around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, has announced- and...

  • NEW YORK, Feb 27- Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, told CNBC on Monday that his conglomerate had purchased "70 million plus" shares of Apple Inc in 2017 and that U.S. stocks were not in "bubble territory." Berkshire revealed in its annual report on Saturday that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million...

  • WASHINGTON, March 6- The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said on Monday. The administration has no position "either way on this issue at this time," the...

  • NEW YORK, March 3- The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week President Donald Trump was about to issue an order overhauling the U.S. biofuels program- something both Icahn and the White House have denied. Clarifying for the first time how the Washington- based lobbying group had been led to believe Trump...