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Millionaires & Billionaires Billionaires

  • March 23- Billionaire investor William Ackman's Pershing Square Holdings Ltd said on Thursday it planned to list its shares in London as it seeks to improve liquidity and valuation. The company, which has a listing on the Euronext Amsterdam stock exchange, said it plans to apply for a premium listing on the London Stock Exchange and that it would be eligible for...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite commercial law firm Sullivan& Cromwell, is expected to...

  • March 22- A lawyer defending Las Vegas sports gambler William "Billy" Walters against insider trading charges on Wednesday sought to discredit former Dean Foods Chairman Tom Davis, who told jurors he used a special "bat phone" to give Walters confidential tips. Lawyer Barry Berke's cross-examination, which began on the fourth day of trial in Manhattan federal...

  • Maggi, a former state governor and a billionaire soy farmer, told a Senate Committee that his main concern was that China and Hong Kong have not yet taken a definitive stance on their bans of meat from Brazil, the world's biggest producer of beef and poultry. China and Hong Kong are the top two importers of Brazilian meats, last year buying nearly one-third of the $14...

  • March 22- Sears Holdings Corp's shares tumbled as much as 16 percent on Wednesday as bondholders and investors questioned how long the storied retailer could remain in business after it flagged doubts that it could continue as a going concern. The warning on Tuesday added a new element of uncertainty for a company that has $13.19 billion in liabilities and...

  • The company, which has $13.19 billion in liabilities, said it could have difficulty procuring merchandise from vendors, and bondholders are watching to see whether Sears will have the cash and credit needed to stock its shelves for the crucial 2017 holiday season. Sears Chief Financial officer Jason Hollar wrote in a blog post on Wednesday that the company had...

  • MILAN, March 22- Vivendi supervisory board member Tarak Ben Ammar said on Wednesday he was ready to act as a mediator between the French media group and Italian broadcaster Mediaset in a dispute over a collapsed pay-TV deal. "If they want me I'm always ready to help friends, if they want to stick with lawyers then they don't need me," Ben Ammar told journalists in Milan.

  • The drop in the stock, down at $7.64 in midday trade, is the largest one-day percentage decline since a 18.79 percent tumble on Nov. 16, 2012. "While I don't think the new disclosure means they will definitely file BK in 2017, it does seem to signal that the next 12 months are even more crucial than has been the case in recent years, as their margin of error is getting slim,"...

  • March 22- Bondholders and investors on Wednesday turned their attention to questions about just how long Sears Holdings Corp can remain in business, a day after the company's surprise disclosure it may not survive as a going concern. "While I don't think the new disclosure means they will definitely file BK in 2017, it does seem to signal that the next 12 months...

  • *Lost more than $2 bln last year. "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in its annual report for the fiscal year ended Jan. 28. The warning comes less than six weeks after the company announced what it called the "next phase of its strategic transformation," in...

  • "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28. The warning comes less than six weeks after the company announced what it called the "next phase of its strategic transformation," in which it hoped this year to...

  • WASHINGTON, March 21- Republicans considering whether or not to back U.S. As Trump and leaders in the House round up support for the bill ahead of a planned Thursday vote, some groups are threatening to retaliate against those who do support it, including the Club for Growth, the Heritage Foundation's political arm, and Americans for Prosperity, which is part of the...

  • "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28. The company lost $2.22 billion in the year to Jan. 28. Since 2013 it has accumulated $7.4 billion in losses and seen revenue fall 44 percent to $22.1 billion.

  • WASHINGTON, March 21- Republicans considering whether or not to back U.S. As Trump and leaders in the House round up support for the bill ahead of a planned Thursday vote, some groups are threatening to retaliate against those who do support it, including the Club for Growth, the Heritage Foundation's political arm, and Americans for Prosperity, which is part of the...

  • LAPA, Brazil, March 21- Brazil's federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation's meatpacking industry were isolated incidents, an attempt to tamp down a scandal that has led the Latin American nation's biggest export markets to ban its meats. But Hong Kong, Japan, Canada, Mexico and...

  • March 21- Retailer Sears Holdings Corp, which has struggled with years of losses and declining sales, warned on Tuesday about its ability to continue as a going concern. Sears said on Tuesday actions taken during the year to boost liquidity, including the sale of the Craftsman tool brand to power tool maker Stanley Black& Decker Inc in a $900 million deal, could...

  • LONDON, March 21- British retail tycoon Philip Green's deal with the regulator to plug a hole in the pension schemes of collapsed department store BHS will see a small number of the highest-paid former managers benefit the most, a parliamentary committee said on Tuesday. A report by the lower House of Commons' Work and Pensions Committee also found billionaire...

  • District Judge Juan Sanchez in Philadelphia said the SEC "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading illegally in Atlas Pipeline Partners LP, based on tips from an Atlas executive. The case has already hurt New York- based Omega, which has seen assets under management tumble to $3.5 billion as of Jan....

  • District Judge Juan Sanchez in Philadelphia said the SEC had "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of illegal profit in 2010 through insider trading in Atlas Pipeline Partners LP. The judge separately dismissed SEC claims that Cooperman failed to file required reports about his stakes in eight public companies,...

  • March 20- A federal judge on Monday rejected billionaire investor Leon Cooperman's bid to dismiss the U.S. Securities and Exchange Commission's insider trading case against him and his firm, Omega Advisors Inc.. District Judge Juan Sanchez in Philadelphia said the SEC had "pleaded a plausible claim for insider trading." The judge also dismissed SEC claims that...