Millionaires & Billionaires Billionaires

  • MENLO PARK, Calif., June 14- A few miles from Tesla Motors Inc's Palo Alto headquarters, a Silicon Valley startup plans to challenge the electric car maker with a rival family of vehicles designed and built in the United States with major backing from Chinese investors. The company is racing not just against Tesla, but also against three China- based startups that...

  • BERLIN, June 14- China's Midea Group Co Ltd wants a stake of no more than 49 percent in German industrial robot maker Kuka and will resell any shares it acquires beyond that threshold, German coalition sources said on Tuesday. Shares in Kuka fell 3.4 percent to 102.45 euros on Tuesday, one of the leading decliners in the German mid-cap index, which was down 1.3...

  • NEW YORK, June 14- Andrew Caspersen, the Wall Street executive accused of scheming to defraud investors out of as much as $95 million, is expected to appear in federal court on Tuesday as prosecutors file papers that often indicate a plea may follow later. The defendant is a son of late Wall Street financier Finn M.W. Caspersen, the former chairman of consumer...

  • SAO PAULO, June 14- Latin American stocks and currencies fell for a fourth day on Tuesday investors scampered toward safer assets amid mounting concerns that Britain could leave the European Union. Should Britain remain in the European Union, chances would grow that a U.S. rate hike could happen earlier, the survey showed. Brazil's Bovespa benchmark stock index...

  • LAVAL, Quebec, June 14- Valeant Pharmaceuticals International Inc's new chief executive officer left the door open to selling major assets on Tuesday as the company tries to reduce its massive debt load. Joe Papa, who replaced former CEO Mike Pearson in May, said last week that Valeant would take offers for assets other than its key dermatology, consumer products,...

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...

  • NEW YORK, June 14- All children may be a reflection of their parents, but Jordan Roth really took that idea to heart. The son of real-estate king Steven Roth, the billionaire head of Vornado Realty, and Daryl Roth, famed producer of seven Pulitzer Prize-winning plays, has "completely merged" his parental lineages, by becoming a Broadway titan himself.

  • LAVAL, Quebec, June 14- The new chief executive of Valeant Pharmaceuticals International Inc, Joe Papa, will appear before investors at the company's annual meeting for the first time on Tuesday, likely facing hard questions after months of bad news torpedoed its stock. Valeant's meeting in Laval, Quebec, comes as its share price trades 90 percent lower than in...

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...

  • NEW YORK, June 13- Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court filing. Media company Ziff Davis LLC has entered into an agreement to buy Gawker for $90 million, setting the floor for an...

  • The hold of rival Asian characters such as China's homegrown Boonie Bears or Big Big Wolf means seven-year-olds like Li Yixuan have less time for Mickey Mouse and Friends. And as the number of competing theme parks in China soars, it will become even harder to win the hearts of Chinese children- and open the wallets of their parents- to fuel long-term traffic after...

  • LONDON, June 11- Betting odds on a British vote to exit the European Union shortened on Saturday after an opinion poll put the "Leave" camp 10 points ahead of "Remain", hitting the value of the pound. The pound fell from $1.4343 to $1.4177, but later recovered about half of the loss. Britons will vote on June 23 referendum on whether to leave the world's largest free...

  • Warren Buffett

    An anonymous bidder has agreed to pay more than $3.4 million for a private lunch with billionaire Warren Buffett.

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others...

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, the online publisher ordered by a U.S. court to pay former professional wrestler Hulk Hogan $140 million over the publication of a sex tape, filed for Chapter 11 bankruptcy on Friday and plans to sell itself at auction. The move will intensify public debate in the United States over the role of big money in media...

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, the online publisher ordered by a U.S. court to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for Chapter 11 bankruptcy protection on Friday and is planning to put itself up for sale. The move will intensify public debate in the United States over the role of big money in...

  • June 10- Gawker Media LLC, the online publisher ordered by a U.S. judge to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for Chapter 11 bankruptcy protection on Friday and is planning to put itself up for sale. Media company Ziff Davis LLC has entered into an agreement to buy Gawker in a bankruptcy auction for a little less...

  • WASHINGTON, June 10- Donald Trump's promise to gut U.S. environmental regulations and revive the controversial Keystone XL oil pipeline if elected president is a nightmare for green groups, but it may be a dream come true for their fund-raisers. "We couldn't have asked for a more powerful motivator than Donald Trump," Sierra Club Executive Director Michael Brune...

  • Tom Perkins dies at 84

    Perkins helped grow Silicon Valley's venture capital industry, playing a major role in the early years of the computer and biotech sectors.

  • LUANDA, June 10- Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filomeno dos Santos, the 38- year-old London- educated son of President Jose Eduardo dos Santos,...