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Millionaires & Billionaires Billionaires

  • The Senate confirms billionaire Betsy DeVos as education secretary, with Vice President Mike Pence casting an unprecedented tie-breaking vote, and another controversial nominee, Jeff Sessions for attorney general, wins committee approval. Senate Minority Leader Chuck Schumer says he had "serious, serious concerns" about Trump's Supreme Court nominee,...

  • SAO PAULO, Feb 7- Shares in JBS SA, the world's biggest beef exporter, slid on Tuesday after prosecutors demanded Joesley Batista step aside as head of JBS' controlling shareholder, J&F Investimentos SA. Billionaire Batista and José Carlos Grubisich Filho, chief executive officer of J&F-controlled pulp producer Eldorado Brasil Celulose SA, are targets of an...

  • The Senate confirms billionaire Betsy DeVos as education secretary, with Vice President Mike Pence casting an unprecedented tie-breaking vote, and another controversial nominee, Jeff Sessions for attorney general, wins committee approval. A watchdog group is suing to force Trump's pick to head the Environmental Protection Agency to release records...

  • Feb 7- A U.S. judge in Philadelphia on Tuesday delayed ruling on whether to throw out an insider trading case against billionaire Leon Cooperman and his firm, Omega Advisors in an ongoing crackdown on illegal trading at hedge funds. The oral arguments followed a civil complaint by the SEC last September, charging the 73- year-old stock picker and his...

  • Trump's choice of billionaire Betsy DeVos to be education secretary is confirmed by the Senate but only after Vice President Mike Pence was called in to break a tie that threatened to defeat her. A media watchdog group is suing to force Trump's pick to head the Environmental Protection Agency to release records detailing communications with energy...

  • Andrew Puzder, chief executive officer of CKE Restaurants Inc, is one of several Trump nominees who face strong opposition from Senate Democrats and progressive groups. He said he paid back taxes for employing the maid to the U.S. Internal Revenue Service and to California. Senator Lamar Alexander, chairman of the Senate Committee on Health, Education, Labor and...

  • Feb 7- A U.S. judge in Philadelphia on Tuesday declined to immediately rule on whether to throw out an insider trading case filed by U.S. securities regulators against billionaire hedge fund manager Leon Cooperman and his firm, Omega Advisors. District Judge Juan Sánchez, following oral arguments by lawyers for Cooperman and the U.S. Securities and Exchange...

  • Trump and Israeli Prime Minister Benjamin Netanyahu are nearing common ground on a tougher U.S. policy toward Tehran ahead of their talks next week at the White House. Prime Minister Theresa May wants to revitalize Britain's "special relationship" with the United States, but the promise of a state visit for Trump is turning into a headache for her.

  • Andrew Puzder, chief executive officer of CKE Restaurants Inc, is one of several Trump nominees who face strong opposition from Senate Democrats and progressive groups. He said he paid back taxes for employing the maid to the U.S. Internal Revenue Service and to California. Senator Lamar Alexander, chairman of the Senate Committee on Health, Education, Labor and...

  • *tougher financial regulation could pressure China stocks-UBS. SHANGHAI, Feb 7- China stocks pulled back on Tuesday morning on fresh signs the government was extending steps to defuse potential credit bubbles in the broader economy, reinforcing its recent tightening moves that have helped curb risk appetite. "We believe strengthening financial...

  • CAPE CANAVERAL, Fla., Feb 6- Space Exploration Technologies Corp, better known as SpaceX, plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010, once a new launch pad is put into service in Florida next week, the company's president told Reuters on Monday. The new launch pad is at NASA's Kennedy Space Center, just...

  • NEW YORK, Feb 6- Billionaire activist investor Carl Icahn said on Monday he planned to sell his shuttered Trump Taj Mahal casino in Atlantic City, New Jersey, likely bringing an end to his troubled relationship with the city. That legislation was vetoed on Monday by New Jersey Governor Chris Christie, a Republican, who called it a "transparent attempt to punish the...

  • At a White House forum on Friday with U.S. business leaders, including JPMorgan Chase's CEO Jamie Dimon, Trump said his administration expects "to be cutting a lot out of Dodd-Frank." That will involve a lot more than issuing an order, said former Democratic congressman Barney Frank, co-author of the 2010 Dodd-Frank Wall Street reform law that raised capital...

  • At a White House forum on Friday with U.S. business leaders, including JPMorgan Chase's CEO Jamie Dimon, Trump said his administration expects "to be cutting a lot out of Dodd-Frank." That will involve a lot more than issuing an order, said former Democratic congressman Barney Frank, co-author of the 2010 Dodd-Frank Wall Street reform law that raised capital...

  • WASHINGTON, Feb 3- The U.S. Senate could vote as early as Monday on confirming President Donald Trump's pick for education secretary, Betsy DeVos, with the political parties potentially entering a standoff requiring Vice President Mike Pence to act as tie-breaker. On Friday morning, the Senate voted 52 to 48 on a procedural measure paving the way to the final...

  • GLP, which is backed by sovereign wealth fund GIC and whose customers include Amazon and JD.Com, operates about $40 billion of industrial properties worldwide and earns two-thirds of its revenue from China. The interest in GLP comes as it has built up a dominant market share in China, where a boom in e-commerce business is fueling demand for modern warehouses...

  • SHANGHAI, Feb 3- China stocks snapped a five-day winning streak on Friday after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday, in a further sign it has moved to a tightening policy bias. The People's Bank of China raised the interest rates on open market operations by 10 basis points on Friday...

  • *China raises short-term rates in fresh tightening signal. SHANGHAI, Feb 3- China stocks eased on Friday morning, with investors unnerved after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday. The People's Bank of China raised the interest rates on open market operations by 10 basis points on...

  • MEXICO CITY, Feb 2- Mexico's America Movil suffered its largest loss in 15 years in the fourth quarter, as higher financial costs dragged on the giant telecoms company amid shrinking margins at home. Latin America's biggest telecoms firm, which is controlled by the family of billionaire Carlos Slim, said the 5.972 billion peso net loss compared with a net profit...

  • MEXICO CITY, Feb 2- Mexico's America Movil on Thursday swung to an almost 6 billion peso net loss in the fourth quarter, as higher financial and sales costs dragged the giant telecoms company to post its second loss in 15 years. Latin America's biggest telecoms firm, which is controlled by the family of Mexican billionaire Carlos Slim, said the 5.972 billion peso...