Millionaires & Billionaires Billionaires

  • WASHINGTON, June 10- Donald Trump's promise to gut U.S. environmental regulations and revive the controversial Keystone XL oil pipeline if elected president is a nightmare for green groups, but it may be a dream come true for their fund-raisers. "We couldn't have asked for a more powerful motivator than Donald Trump," Sierra Club Executive Director Michael Brune...

  • Tom Perkins dies at 84

    Perkins helped grow Silicon Valley's venture capital industry, playing a major role in the early years of the computer and biotech sectors.

  • LUANDA, June 10- Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filomeno dos Santos, the 38- year-old London- educated son of President Jose Eduardo dos Santos,...

  • *New venture could produce more than 10 pct of Norway's oil. OSLO/ LONDON, June 10- Oil companies BP and Det norske have agreed to merge their Norwegian businesses in a $1.3 billion all-share deal to cut costs, challenge Statoil's dominance of the local industry and look for more acquisitions. Norway's seas, unlike Britain's, are offering more opportunities for...

  • HONG KONG, June 10- Hong Kong stocks suffered their biggest one-day drop in more than three weeks on Friday as traders were rattled by a report that billionaire investor George Soros, a noted China sceptic, was making big, bearish bets again. The Wall Street Journal reported on Thursday that Soros Fund Management has expressed concern about the global economic...

  • HONG KONG, June 10- Hong Kong stocks fell on Friday as traders took profits on recent gains after reports that billionaire investor George Soros, a noted pessimist on China, was making big, bearish bets again. The Wall Street Journal reported on Thursday that Soros Fund Management has expressed concern about global economic outlook, China capital flight, reserve...

  • SAN FRANCISCO, June 9- Thomas Perkins, one of the founding fathers of Silicon Valley, died on Tuesday at age 84 at his home in Belvedere, California, according to the Marin County coroner's office. Perkins helped start Kleiner Perkins in 1972 with Eugene Kleiner after working as the first general manager of Hewlett Packard Co's computer division and later...

  • ROME, June 9- Italy's economy minister warned on Thursday of shocks to financial markets if Republican candidate Donald Trump wins the U.S. presidential election this year, and said that a Trump presidency would hurt New York's appeal as a financial centre. In some of the strongest criticisms of Trump by one of Washington's G7 partners, Pier Carlo Padoan told...

  • Bearish billionaires

    CNBC's Robert Frank reports on the gloom and doom sentiment among billionaires.

  • NEW YORK, June 9- In the financial world, most leaders are not instantly recognizable by their first names. Then there is "Chuck," as in Charles Schwab. Now a billionaire many times over- Forbes put his net worth at $6.4 billion as of June 8- Schwab has stepped away from his chief executive duties but remains chairman and the largest shareholder at Schwab.

  • *Arab tourists' love luxury', respect Turkey's president. ANTALYA, Turkey, June 8- He's not a trained actor, but Turkish businessman Serdar Ali Abet hopes his television debut- and a mix of cliff-hangers, melodrama and lavish sets- can win fans across the Arab world and help revive Turkey's moribund tourist industry. With a budget of $3 million, "Big House" began airing...

  • *Says Philip Green and BHS management need to share blame. LONDON, June 8- The chief executive of BHS told British lawmakers that Dominic Chappell, the former bankrupt who bought the company in 2015, threatened to kill him after being confronted about cash transferred out of the retailer that is now being wound down. Appearing at a parliamentary hearing on...

  • SAO JOAO DA BARRA, Brazil, June 8- The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. The Manhattan- sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday,...

  • LONDON, June 8- The management of British retailer BHS accused Dominic Chappell, the former bankrupt who bought the chain in 2015, of being a liar and fantasist who did not have the financial backing and retail experience he claimed would revive the group now in administration. Appearing before lawmakers in parliament on Wednesday, BHS Chief Executive Darren...

  • VANCOUVER/ TORONTO June 8- For the first time in five years, Barrick Gold and other bullion miners are getting ready to expand, breaking from their monologue on cutting costs and debt because of tumbling gold prices. Backed by healthier balance sheets, a 17 percent rise in the price of gold since January to $1,244 an ounce and new investors, miners from Canada to...

  • VANCOUVER/ TORONTO June 8- For the first time in five years, Barrick Gold and other bullion miners are getting ready to expand, breaking from their monolog on cutting costs and debt because of tumbling gold prices. Backed by healthier balance sheets, a 17 percent rise in the price of gold since January to $1,244 an ounce and new investors, miners from Canada to...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. PulteGroup's founder and Chairman Emeritus Bill Pulte, who is also the company's largest shareholder, and the board is locked in a bitter standoff over the direction of the company.

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder were up 4.5 percent at $19.44 on Tuesday after CNBC reported that Elliott's stake was more than 4 percent but less than 5 percent. PulteGroup's founder and...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder were up 4.5 percent at $19.44 on Tuesday after CNBC reported that Elliott's stake was more than 4 percent but less than 5 percent. PulteGroup's founder and...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder rose 5.8 percent to $19.69, after the report. "Elliott recently informed us that they have taken a position in the company.