×

Millionaires & Billionaires Billionaires

  • MEXICO CITY, July 18- Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers. The aim of the partnership is to deliver the 4.5 G network in Mexico and other Latin American countries and to open up...

  • July 17- At least five directors have left the board of U.S. food startup Hampton Creek Inc, leaving co-founder and Chief Executive Josh Tetrick the only remaining board member, Bloomberg reported on Monday. Health and Human Services Secretary Kathleen Sebelius, Google DeepMind co-founder Mustafa Suleyman, Khosla Ventures partner Samir Kaul and Bart Swanson,...

  • David Einhorn is getting killed by his 'bubble basket' short bets against Tesla, Amazon

    Greenlight Capital's Einhorn is "frustrated" with the performance of his bets against high-flying technology names such as Tesla and Amazon, according to a letter to the firm's clients.

  • July 17- Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive on Procter& Gamble Co's board, as it looks to push the company to take more drastic steps to revive sales and profits. Trian, which owns about $3.3 billion of P&G's stock, or 1.5 percent of the company, urged shareholders to vote for the fund's CEO and co-founder...

  • July 17- Nelson Peltz's Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive at Procter& Gamble Co's board as it looks to push the company to take more drastic steps to revive sales. The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his...

  • July 17- Activist investor Trian Fund Management LP is seeking a board seat at Procter& Gamble Co for Nelson Peltz, the fund's billionaire chief executive, according to a regulatory filing on Monday. The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his track record of working...

  • BEIJING/ HONG KONG, July 17- China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said on Monday. This is in line with Beijing's measures to control potential systemic risk, including problems...

  • JAKARTA, Indonesia— Indonesia's intellectual property agency has given preliminary approval to two Donald Trump trademarks a bit more than two years after the applications were filed. In Indonesia, the Trump Organization will operate two luxury resorts being built by billionaire Hary Tanoesoedibjo, who is banned from leaving the country while being...

  • Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc, which owns the Chicago Tribune as well as other U.S. newspapers. Terms of the deal between ST Acquisition Holdings and Sun-Times parent Wrapports LLC were not disclosed. The group is comprised of corporate restructuring expert William Brandt, the Chicago Federation of...

  • July 13- A group of investors led by a former Chicago alderman has purchased the Sun-Times newspaper, outbidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale. Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc, the owner of the Chicago Tribune as well as the Los...

  • CHICAGO— An investment group led by a former Chicago alderman and a coalition of labor unions are the new owners of the Chicago Sun-Times, officials announced Thursday in an unusual deal that revived questions about media ownership and influence over coverage. "We believe in protecting the institution of journalism itself as well amplifying the diversity of...

  • GRANITE CITY, Ill., July 13- The blast furnaces and slab casters at United States Steel Corp's Granite City Works have been idle for 18 months, and laid-off workers here are pinning their hopes on President Donald Trump imposing broad new restrictions on imported steel. The Cold War-era law that allows the president to restrict imports of goods deemed critical to...

  • In a statement on Thursday, JBS said it had learned that Brazil's Regional Federal Court of the 1st Region overturned a ruling blocking the $300 million sale of a South American unit to rival Minerva SA. On June 21, federal Judge Ricardo Leite blocked JBS's sale of plants in Argentina, Paraguay and Uruguay, saying it could harm a probe against the billionaire...

  • *Altice's key European operations in France and Portugal. Altice, a holding company based in the Netherlands, has expanded rapidly through a series of debt-financed buyouts in the United States and Europe. It owns France's second-biggest telecoms firm SFR Group and Portugal's biggest.

  • PARIS, July 13- French billionaire Patrick Drahi plans to launch an online bank by spring 2019 across the euro zone countries where his telecoms group Altice operates, a source close to the matter said on Thursday. Altice is aiming to go beyond just France and has requested a banking license from the European Central Bank, said the source, confirming an earlier...

  • SINGAPORE, July 13- The asking price for a new three-storey Singapore penthouse, complete with a private pool on the 64th floor, has reached a dizzying $72 million. Due to be formally unveiled later this year, Wallich Residence's penthouse is in the tallest building in Singapore, the island of well-heeled stability that attracts the super-rich from its...

  • Here's a look at how the cap-and-trade policy works, what it means for California residents and others, and why it's fired up critics on all sides. Cap and trade is one of several policies that California uses to drive down carbon emissions. California places an upper limit on the state's carbon emissions and ratchets it down each year.

  • WILMINGTON, Del., July 12- An attorney for Elliott Management on Wednesday complained to a bankruptcy court judge that the owner of Texas's largest power distribution business did not provide the investment fund with information needed to line up financing for its offer of more than $18 billion to buy the company. Instead, Energy Future Holdings Corp, the...

  • BUDAPEST, Hungary— The Hungarian government says it will end its disputed ad campaign against Hungarian-American billionaire George Soros. The Government Information Center said Wednesday that its campaign would end Saturday. The ads also reflect the conflict between the Soros ideal of an "open society" and Prime Minister Viktor Orban's desire to turn...

  • Morgan Stanley, a lead underwriter on the company's initial public offering, slapped a price target of $16 on the stock- a buck below its March IPO price. Analyst Brian Nowak wrote in the note that "we have been wrong about Snap's ability to innovate and improve its ad product this year." The bank cut its rating to "equal-weight" from "outperform" and slashed its price...