Millionaires & Billionaires Billionaires

  • 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.

  • *Depressed oil prices have hit Angola hard. LUANDA, June 6- Isabel dos Santos, the billionaire daughter of Angolan President Jose Eduardo dos Santos, pledged a root and branch overhaul of state oil firm Sonangol on Monday to improve its efficiency and margins to offset the "huge" impact of depressed oil prices. A presidential decree issued last week said Isabel,...

  • LUANDA, June 6- Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos, pledged a root and branch overhaul of state energy firm Sonangol on Monday to improve its efficiency and margins to offset the "huge" impact of depressed oil prices. A presidential decree carried on Angolan state media last week said Isabel dos Santos, ranked as...

  • PARIS, June 6- Europe's largest hotel group AccorHotels, which wants to limit a push by Chinese shareholder Jin Jiang to increase its stake, should maintain a diverse group of shareholders, French President Francois Hollande said on Monday. France's AccorHotels has started talks with other shareholders because it is concerned that state-owned Jin Jiang,...

  • TORONTO, June 6- The Four Seasons Toronto, a luxury hotel in the city's downtown, is up for sale and could fetch as much as C $250 million, in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said. The sale price will likely be in the range of C $200 million to C $250 million, said the sources, who declined to be...

  • June 6- The annual charity auction for a private lunch with billionaire investor Warren Buffett is underway. Cecil Williams, 86, Glide's co-founder and a pastor at Glide Memorial United Methodist Church, told Reuters. Buffett, 85, is the world's third richest person, worth $66.8 billion, Forbes magazine said on Monday.

  • Americans don't hold Trump's wealth against him: Expert

    Ruchir Sharma of Morgan Stanley and author of the new book, "The Rise and Fall of Nations," talks about perceptions of billionaires in the U.S. compared to around the world.

  • LONDON, June 6- A generation after "Cable Cowboy" John Malone transformed the pay-TV sector in the United States, he is back in the spotlight-- this time in Europe, where he is plotting a role in the consolidation of the British telecoms market. Combining their operations in Europe would create the continent's biggest communications company with broadband and...

  • Forte Capital Advisors LLC and Manhattan Strategic Ventures LLC, the investment firms that own Constellis, are seeking to sell it at a profit, and have hired BDT& Co, the advisory firm headed by former Goldman Sachs Group Inc investment banker Byron Trott, to run an auction for the company, the people said. Constellis, Forte Capital Advisors, Manhattan Strategic...

  • *Africa's richest woman heads Angola state oil firm. Angola, currently Africa's top oil producer because of supply outages caused by militant attacks in Nigeria's Niger Delta, said in April it would restructure Sonangol to increase efficiency and profitability. The president's son, Jose Filomeno, is chief executive of Angola's sovereign wealth fund.

  • *In his first OPEC meeting, Falih pledges "no shocks". *Saudi energy minister says OPEC has role in balancing markets. Intense diplomacy by the soft-spoken Falih at his first OPEC meeting- with his speech peppered by words such as "gentle approach," "no shocks" and "consensus"- has persuaded Alekperov that OPEC is more alive than dead.

  • BERLIN, June 2- As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. When Putzmeister, a 58- year-old maker of pumps for concrete, was bought by its Chinese competitor Sany for 360 million euros in 2012, its workers...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening over 10,000 jobs and creating huge vacant sites in town centres struggling to cope with changing shopping habits. The failure to find a buyer will likely increase the focus on previous owner, billionaire...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening more than 10,000 jobs, advisers Duff& Phelps said on Thursday. "Despite the considerable efforts of the administrators and BHS senior management it has not been possible to agree a sale of the business," said...

  • The billionaire businessman says the Republican presidential nominee's real estate success doesn't necessarily mean he has yielded the wealth.

  • June 1- Bank of America Corp Chairman and Chief Executive Officer Brian Moynihan on Wednesday played down the impact on the bank if Donald Trump is elected as the next president of the United States. Moynihan was put on the spot by billionaire investor Wilbur Ross at an annual fundraising dinner for the Japan Society in New York when he was asked about a possible...

  • The court in São Paulo upheld a February ruling voiding the use of a $500 million mortgage registered in Liberia for the OSX3 floating production, storage and offloading vessel, or FPSO, owned by a unit of OSX Brasil SA, said the sources, who requested anonymity since the decision has not been made public. OSX Brasil, the shipbuilding arm of former billionaire Eike...

  • President Barack Obama slammed Donald Trump's proposal to weaken Wall Street reforms and touted his own economic record on Wednesday during a trip to a city he visited three weeks into his presidency that has recovered from its recession lows. "How it is that somebody would propose that we weaken regulations on Wall Street? By going to Elkhart, the president...