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Millionaires & Billionaires Billionaires

  • 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...

  • KINSHASA, March 3- Tens of millions of dollars in royalties and signing bonuses that Glencore told an independent transparency board it had paid to Congo's state mining company actually went to a business controlled by Israeli billionaire Dan Gertler, advocacy group Global Witness said in a report on Friday. Glencore-controlled Kamoto Copper Co told the...

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late on Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • NEW YORK, March 2- Investors piled into riskier assets again in the latest week, pouring cash into U.S.-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. U.S.-based funds invested in stocks pulled in $7.3 billion during the week ended March 1, a fifth straight week of inflows, while taxable bond funds attracted...

  • WASHINGTON, March 2- The Financial Stability Oversight Council, made up of all major U.S. financial regulators, met late Thursday afternoon and reviewed its designation of a nonbank firm as "too big to fail," according to a statement from the Treasury Department. The council analyzes its designations each year to see if they are still relevant, but the Thursday...

  • NEW YORK, March 2- A coalition of trade groups representing oil, biofuels and other interests pressed the U.S. government on Thursday to deny requests to tweak the country's biofuels program, the latest in a series of political maneuvers that have roiled markets. Some 15 trade groups including the American Petroleum Institute, Biotechnology Innovation...

  • SHANGHAI, March 2- China stock fell on Thursday, buyers retreated on speculation of a possible U.S. interest rate hike later this month and concerns liquidity could tighten as Beijing's steps up its fight against leverage. CSI300, the blue-chip index, has climbed around 20 percent over the past year on signs of economic recovery, supported by Beijing's fiscal...

  • NEW YORK, March 1- The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10- year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve as co-chief executive officer of the Westport, Connecticut- based firm, according to a note...

  • LONDON, March 1- A day after paying out $449 million to plug a pension hole in a failed retailer, billionaire Philip Green was given a little financial relief as MySale, the online "flash" sales group he backs, reported a jump in first-half core earnings. The Topshop owner's family owns a 22 percent stake in the Australia- based MySale, while Mike Ashley's Sports Direct...