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Millionaires & Billionaires Billionaires

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  • SYDNEY, July 27- Billionaire Gina Rinehart has bought a West Australian cattle station, further expanding into the country's farm sector with a deal that positions the mining magnate to profit from a recent Australian live cattle-export agreement with China. Rinehart, the richest person in Australia, completed the purchase of the Fossil Downs cattle station...

  • Trump campaign bans Iowa newspaper from event Friday, 24 Jul 2015 | 10:28 PM ET

    WASHINGTON— The Des Moines Register says Republican presidential candidate Donald Trump has denied press credentials to its reporters after the newspaper published an editorial calling on the billionaire businessman to end his campaign. The Register says its reporters were denied credentials to a Trump campaign event in Oskaloosa, Iowa, on Saturday.

  • MILLSAP, Texas— Billionaire Alice Walton plans to sell all of the cutting horses from her North Texas ranch as she gets out of the breeding business. Western Bloodstock Ltd. will conduct the sale at Walton's Rocking W Ranch near Millsap, 40 miles west of Fort Worth. Walton, who's bred cutting horses since she was a teenager, is the daughter of Wal-Mart founder Sam...

  • SAN JUAN, Puerto Rico— A company of New York hedge fund billionaire John Paulson reached a $20 million deal to buy and renovate a recently closed hotel in Puerto Rico's tourist district, officials said Thursday. Paulson& Co. will develop the San Juan Beach Hotel into an ultra-luxury boutique hotel in the popular Condado neighborhood, according to Puerto Rico's...

  • MOSCOW, July 23- Severstal, one of Russia's largest steel producers, saw its second-quarter net profit increase by 39 percent quarter-on-quarter because of a stronger rouble, it said on Thursday. Severstal's net profit of $469 million was boosted by a FX translation profit of $130 million, the company, controlled by billionaire Alexei Mordashov, said in a...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Republicans eliminated the proposal from a multi-year surface transportation bill, after coming under pressure from the Obama administration and Democratic lawmakers, whose support they need for passage of the legislation, Senate aides said on Wednesday. In late June, the Republican-controlled Senate Commerce Committee voted to repeal the requirement...

  • Herbalife seeks user information from Twitter Wednesday, 22 Jul 2015 | 6:38 AM ET
    The Herbalife Los Angeles distribution center is seen in Carson, Calif.

    Herbalife filed a petition seeking information from Twitter to identify an anonymous user who posted defamatory tweets.

  • July 22- Herbalife Ltd filed a petition seeking information from micro-blogging company Twitter Inc to identify an anonymous user who posted defamatory tweets against the weight-loss and nutritional products maker. Herbalife said it wants Twitter to provide information such as IP addresses and account details of the user who vilified the company and its...

  • WASHINGTON— After declaring an economic emergency, Wisconsin Gov. The Wisconsin Economic Development Corporation awarded $1.2 million in grants and loans in 2011 and 2012 to Green Box NA Green Bay LLC, a company that said it could produce recycled products, electricity and even diesel from fast-food waste. But court records showed that Van Den Heuvel had been...

  • NEW YORK, July 21- Billionaire investor Warren Buffett said on Tuesday that media reports that he and Italian real estate agent Alessandro Proto together purchased the island of St. Thomas, southwest of Athens, are "a total fabrication." "Until the reports started coming out I had never heard of the guy who is making the claims about the Greek Island," Buffett said in a...

  • WILMINGTON, Del., July 20- The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital to the former British colony's fragile economy. A completed resort would employ more than 5,000 people in the Bahamas, where the unemployment...

  • WASHINGTON— Congress is about to decide the fate of an obscure federal agency that has become improbably tangled in presidential politics and Republican Party infighting, and the billionaire Koch Brothers may end up on the losing side. Conservative Koch-backed groups are among those pushing Republican lawmakers and candidates to oppose the...

  • *Russian billionaire Yuri Milner funding 10- year project. SAN FRANCISCO/ LONDON, July 20- Scientists are about to embark on the biggest search yet for alien life, sweeping the skies for signals of civilisations beyond our solar system with $100 million from a Russian billionaire and the backing of physicist Stephen Hawking. It's time to commit to finding the...

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • LONDON— The search for extraterrestrial life received a major boost Monday with the launch of an ambitious $100 million program, backed by famed physicist Stephen Hawking and tech billionaire Yuri Milner. "The scope of our search will be unprecedented: a million nearby stars, the galactic center, the entire plane of the Milky Way and 100 nearby galaxies," Milner...

  • Add to the list Russian billionaire Yuri Milner, who announced on Monday that he plans to spend $100 million to explore the idea. "It's the most interesting technological question of our day," Milner said in an interview, noting that he became fascinated by the notion of extra-terrestrial life after reading astrophysicist Carl Sagan's "Intelligent Life in the...

  • GOMA, Democratic Republic of Congo, July 17- A new hydrocarbons law awaiting presidential approval in Democratic Republic of Congo imposes a much-needed structure on a haphazardly regulated oil sector but critics say its vague provisions open the door to corruption and secrecy. The new code, which would replace a 1981 law widely considered obsolete, is with...

  • MEXICO CITY, July 16- Mexican telecoms giant America Movil, which is controlled by billionaire Carlos Slim, will invest $6 billion over the next three years, Chief Executive Officer Daniel Hajj said on Thursday. America Movil was still looking at how to sell some assets but was in no rush, said Hajj at an event in Mexico City. The original plan was to sell a...

  • PARIS, July 16- Coty Inc's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group. With Coty due to gobble up Procter& Gamble's beauty business for $12.5 billion, Becht has no intention of seeking anyone else to lead...