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Millionaires & Billionaires Billionaires

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  • 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...

  • 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...

  • 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...

  • *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...

  • BRENHAM, Texas— Blue Bell's chief executive told shareholders this week that Texas billionaire Sid Bass will lend the company up to $125 million, and that the investment is essential for the popular ice-cream maker to remain in business, according to a published report. Texas- based Blue Bell on Tuesday announced that Bass would become an investor, but no terms...

  • 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...

  • July 16- The troubled $3.5 billion Baha Mar resort project in the Bahamas is preparing to wind down operations and cut more than 2,000 jobs if the developer fails to strike a deal quickly with its main lender, China's Export Import Bank, according to U.S. bankruptcy court filings. But after missing that deadline, a cash crunch forced Izmirlian's Baha Mar Ltd to file...

  • NEW YORK, July 16- For months, U.S. political pundits have declared 2016 the presidential election in which candidates will use outside spending groups, known as Super PACs, to reinvent the modern campaign playbook. Now, in thousands of pages of campaign finance reports filed with the Federal Election Commission Wednesday by Republican Jeb Bush and other...

  • NEW YORK, July 15- Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc, the world's largest asset manager, as an "extremely dangerous company" because of the prevalence of its exchange-traded fund products, which Icahn deems illiquid. "They sell liquidity," Icahn said in reference to BlackRock's ETF business. Icahn was speaking at the...

  • *Paulson expected to put pressure on Syngenta board. July 15- Hedge fund Paulson& Co has taken a stake in Syngenta AG and could push for the Swiss pesticide maker's board to accept a takeover offer from U.S. seed company Monsanto Co, people familiar with the matter said. Monsanto, the world's largest seed company, has made a $45 billion bid for Syngenta that the Swiss...

  • Paulson's hedge fund takes stake in Syngenta -sources Tuesday, 14 Jul 2015 | 6:15 PM ET

    July 14- Hedge fund Paulson& Co has taken a stake in Syngenta AG,, and could push for the board of directors of the Swiss pesticide maker to accept a takeover offer from U.S. seed company Monsanto Co, people familiar with the matter said on Tuesday. Monsanto, the world's largest seed company, made a $45 billion bid for Syngenta that the Swiss company rejected.

  • July 14- The Match Group, part of billionaire Barry Diller's IAC/InterActive Corp, said it would buy online dating website PlentyOfFish in a deal valued at $575 million, ahead of an IPO expected by the end of the year. IAC said in June it planned to take its dating business public, which includes the popular dating site Match.com and mobile app Tinder.

  • IAC's Match Group to buy dating site PlentyOfFish Tuesday, 14 Jul 2015 | 8:23 AM ET

    July 14- The Match Group, part of billionaire Barry Diller's IAC/InterActive Corp, said it would buy online dating website PlentyOfFish in a deal valued at $575 million.

  • LONDON, July 14- It's a showpiece drug that has the potential to end a disease that kills half a million African children a year. Backed by billionaire philanthropist Bill Gates and developed by GlaxoSmithKline, the vaccine-- called RTS, S or Mosquirix-- is being assessed by regulators and global health authorities. But it's a very complicated vaccine, so the...