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Millionaires & Billionaires Billionaires

  • MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his wireless business, three people familiar with the matter said. On Monday evening, the IFT's seven-person board voted on whether to toughen, maintain or loosen rules for America Movil and broadcaster Grupo...

  • *UK pensions regulator secures record settlement. LONDON, Feb 28- Billionaire British retailer Philip Green has paid 363 million pounds to pension schemes of the now-collapsed department store chain BHS which he sold for one pound to a serial bankrupt with no retail experience. It was secured three months after it launched legal action against Green, who...

  • It also drew sharp criticism from some ethanol groups who said Trumps regulation adviser, billionaire investor and refinery owner Carl Icahn, had engaged in self-dealing by pushing for the deal. The head of the Renewable Fuels Association said the White House had informed him that Trump intends to sign an executive order shifting the obligation of blending...

  • WASHINGTON, Feb 28- Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump's opposition to multilateral trade deals. Vice President Mike Pence administered the oath of office to Ross, 79, a day after the U.S. Senate voted to confirm the corporate turnaround expert's...

  • Feb 28- The head of the Renewable Fuels Association said on Tuesday that U.S. The news sent prices of compliance credits used to meet annual standards tumbling to as low as 30 cents apiece on Tuesday from 47 cents to 48 cents previously. Renewable Fuels Association Chief Executive Officer Bob Dinneen said a Trump administration official told the trade group...

  • WASHINGTON, Feb 28- Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump's opposition to multilateral trade deals. Vice President Mike Pence administered the oath of office to Ross, 79, a day after the U.S. Senate voted to confirm the corporate turnaround expert's...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on the boards of more than a...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • Feb 27- Samuel Merksamer, who represents billionaire investor Carl Icahn on several corporate boards, has left the hedge fund firm Icahn Enterprises, according to an internal memo. The memo, sent internally at Icahn Enterprises in late December, did not give a reason for Merksamer's departure. According to his biographies on corporate websites, he sat on the...

  • Feb 27- Samuel Merksamer has left Icahn's hedge fund firm, according to an internal memo. He represents billionaire investor Carl Icahn on several corporate boards. According to his biography on corporate websites, he sat on the boards of American International Group Inc, Transocean Ltd, Navistar International Corp, Ferrous Resources Ltd, Hertz Global...

  • Feb 27- American International Group Inc's directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm's turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. AIG's net loss widened to $3.04 billion, or $2.96 per share, in the fourth quarter ended Dec. 31, from...

  • NEW YORK, Feb 27- Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory." At the end of Dec. 31, Berkshire had held 61.2 million shares for a total...

  • LONDON, Feb 27- U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. My guess is yes, but who knows when... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an...

  • NEW YORK, Feb 27- Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, told CNBC on Monday that his conglomerate had purchased about 120 million shares of Apple Inc. in 2017 and that U.S. stocks were not in "bubble territory." Berkshire revealed in its annual report on Saturday that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2...

  • *Microsoft top drag on S&P and Nasdaq. *Tesla falls on Goldman downgrade. Feb 27- U.S. stocks opened lower on Monday, with the Dow on track to snap an 11- day winning streak, as technology stocks declined and investors paused ahead of President Donald Trump's address to a joint session of Congress on Tuesday.

  • CALGARY, Alberta, Feb 24- Canada's energy sector has fallen out of favor with international oil majors, who are scaling back ambitions and walking away from reserves in the ground there to focus on lower-cost and higher-margin opportunities elsewhere. Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips.

  • *Warren Buffett warns of market unpredictability. LONDON, Feb 27- World stocks fell on Monday, after two huge European merger and acquisition deals fell through and billionaire U.S. investor Warren Buffett warned that while stocks are cheap, they are currently unpredictable and prone to a sudden, steep correction. Meanwhile, the proposed 29 billion euro merger...

  • *Plans second share listing in Amsterdam as Telenor sells out. BARCELONA, Feb 27- Russian and emerging markets communications network operator VimpelCom Ltd on Monday reported a return to growth in the final quarter of last year and posted solid progress in its 18- month-old turnaround strategy, including a six-fold dividend increase. VEON is a new-model...

  • NEW YORK, Feb 25- Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. Some critics, including BlackRock Inc Chief Executive Officer Larry Fink, think the practice of companies buying back their own shares to boost...

  • NEW YORK, Feb 25- Highlights from billionaire Warren Buffett's annual letter to Berkshire Hathaway Inc shareholders on Saturday:. Starting from scratch, America has amassed wealth totaling $90 trillion. " MARKET SYSTEM TO CONTINUE FAR INTO FUTURE "It's our market system- an economic traffic cop ably directing capital, brains and labor- that has created Americas...