Millionaires & Billionaires Billionaires

  • MUMBAI, Aug 31- At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59- year-old is India's richest man, and his Reliance Industries oil& gas group is the country's most profitable. "For Reliance... data is the new...

  • MOSCOW/ UFA, Russia, Aug 31- Russia's decision to postpone the privatisation of a mid-sized oil company has sent a message to investors: for all his power, President Vladimir Putin has failed to stop political infighting getting in the way of business. Foreigners have long been wary of buying assets in Russia because of concerns that the state has little respect...

  • MOSCOW/ UFA, Russia, Aug 31- Russia's decision to postpone the privatization of a mid-sized oil company has sent a message to investors: for all his power, President Vladimir Putin has failed to stop political infighting getting in the way of business. Foreigners have long been wary of buying assets in Russia because of concerns that the state has little respect...

  • Is Icahn 'trapped' in Herbalife?

    CNBC's Jeff Cox spoke with billionaire investor Carl Icahn about his investment in Herbalife, and whether he feels trapped.

  • STAVANGER, Norway, Aug 30- Oil companies are deepening cost cuts through efficiency and standardization to stay profitable while maintaining dividends as a supply glut pushes back a potential recovery in the price of crude, top executives and analysts said. But hopes for a steep recovery in prices have been dashed by persistent oversupply, meaning companies...

  • FRANKFURT, Aug 30- FreedomPop, a U.S. startup challenging the mobile industry by offering free voice and data plans, has received a $50 million investment to fund international expansion from LetterOne, the investment vehicle owned by Russian billionaire Mikhail Fridman. Luxembourg- based LetterOne said on Tuesday it had received national security...

  • PARIS, Aug 30- Vivendi's pay-TV unit Canal Plus is holding talks with French telecoms firm Iliad about new distribution offers as it tries to stem subscription losses in the country, newspaper Les Echos reported on Tuesday, without citing a source. Orange, France's number one telecoms operator, and Canal Plus said in July they would announce a new offer dedicated...

  • MELBOURNE, Aug 30- London copper rose on Tuesday as risk appetite grew on bets of further easing by the world's central banks after a meeting in Jackson Hole, Wyoming at the weekend, and as London markets reopened after a long holiday break. *Shanghai Futures Exchange copper traded up 0.1 percent at 36,410 yuan a tonne. *Zhongwang USA LLC, backed by Chinese aluminum...

  • NEW YORK, Aug 29- Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry's next big growth market. The $2.33 billion deal comes as Liu and Zhongwang International Group Ltd, the parent of...

  • But Herbalife's filings with the U.S. Securities and Exchange Commission painted a much less optimistic picture than its presentation to analysts and investors, according to a private investor who flagged the differences to the SEC this month. Handley, who is betting Herbalife's stock price will fall, told Reuters about his outreach to the SEC and provided a...

  • JERUSALEM, Aug 28- Israeli technology company Shellanoo is planning to raise at least 100 million shekels in an initial public offering on the Tel Aviv Stock Exchange in late September or October, it said on Sunday. Shellanoo, founded in 2014 and whose backers include Russian billionaire Roman Abramovich and popstars will.i.am and Nicki Minaj, focuses on...

  • BOSTON, Aug 26- Billionaire investor William Ackman said on Friday that Jordan Rubin, who had worked closely on Pershing Square Capital Management's controversial investment in battered drug maker Valeant Pharmaceuticals, is leaving the hedge fund. News of Rubin's departure comes roughly three months after William Doyle, another key figure in the bet, left...

  • *Approached to buy Herbalife shares- Ackman. Aug 26- Herbalife Ltd's biggest critic, hedge fund manager Bill Ackman, said he had been approached to buy shares in the nutritional supplements maker from billionaire investor Carl Icahn. Ackman, who has bet more than $1 billion against Herbalife, said on CNBC that Icahn's planned stake sale would accelerate the...

  • Aug 26- Billionaire investor Carl Icahn was lately in talks to sell his stake in nutritional supplement maker Herbalife Ltd to a group that included hedge fund manager Bill Ackman, the Wall Street Journal reported. Jefferies and Herbalife were not immediately available for comment and Carl Icahn could not be immediately reached outside regular U.S. business...

  • *Studio plan will allow Hollywood to make movies in China. "We didn't have a choice, we were forced into it," Wang, whose Dalian Wanda Group controls Hollywood studio Legendary Pictures and U.S. cinema chain AMC Entertainment Holdings, told Reuters in an exclusive interview this week. Wang first turned to Time Warner, but the U.S. media giant was forced to quit China...

  • Wilbur Ross' investment firm pays $2.3M in fines

    The SEC slaps WL Ross and Company with the fine after failing to disclose how it calculates fees for some of its funds.

  • Aug 25- Struggling retailer Sears Holdings Corp posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert's hedge fund. The company had said in April that it had obtained a $500 million loan to fund a transformation and Lampert's hedge fund, ESL Investments, had...

  • SAN FRANCISCO/ WASHINGTON, Aug 23- Tesla Motors Inc crowned itself the maker of the world's fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2-1/ 2 seconds. Tesla Chief Executive Elon Musk said the company will offer a larger upgraded battery pack for performance versions of...

  • MEXICO CITY, Aug 22- Debt-laden Mexican builder ICA is in final talks to bid with Ferrovial and two other partners to build a new $3.5 billion Mexico City airport terminal, four sources said, after the Spanish construction company mulled scrapping the joint bid plans. The two companies are in talks with Dragados, a unit of Spain's Grupo ACS, and GP Construccion, a...

  • Aug 18- U.S. internet publisher Gawker Media Group Inc said on Thursday that it would shut down its news and gossip website Gawker.com next week after Univision Holdings Inc successfully bid for the internet publisher's six other websites. The decision to end Gawker.com' s 14- year run comes two days after Univision won a bankruptcy auction to acquire Gawker...