Millionaires & Billionaires Billionaires

  • 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...

  • CALGARY, Alberta, June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, expects to generate full-year free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. The company said it could maintain production if crude prices hovered around $30 per barrel, though it expects to generate about C $800 million in full-year free...

  • DUBAI, June 1- A billionaire Qatari investor who masterminded much of the Gulf state's investment in Britain said on Wednesday he hoped the country would vote to stay in the European Union in its June 23 referendum. As chairman of Qatar Holding, the investment arm of the gas-rich state's sovereign wealth fund, Sheikh Hamad bin Jassim al-Thani has overseen many...

  • CALGARY, Alberta, June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, expects to generate free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. Husky, controlled by Hong Kong billionaire Li Ka- shing, produces oil and natural gas in Canada and southeast Asia, and holds numerous exploration licenses off Canada's...

  • May 31- Switzerland's AC Immune, which already has money in hand from Roche for its most advanced drug, is planning a share sale in the United States to raise up to $50 million for separate drug candidates targeting Alzheimer's disease. The company, run by former Nestle global research head Andrea Pfeifer, joins other European biotech firms that have opted to list...

  • June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, said it expected to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks. The company said it could generate about C $800 million in free cash flow if oil rises to $50 from $40 per barrel on an annualized basis. Husky, controlled by Hong Kong billionaire...

  • The court in São Paulo is due to decide on the appeal by Nordic Trustee ASA to overturn a February ruling that the $500 million mortgage registered in Liberia is invalid for the OSX3 floating production, storage and offloading vessel, or FPSO, owned by a subsidiary of OSX Brasil SA. The OSX3 FPSO is owned by OSX3 Leasing BV, the OSX Brasil unit that is also under...

  • *Macau unit says parent reached confidential settlement. HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said its parent Las Vegas Sands Corp has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau...

  • HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said it has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau operations from 2009 to 2010, sued Sands' parent Las Vegas Sands Corp in 2010 for breach of...

  • May 31- Swiss biotech firm AC Immune SA filed with U.S. regulators on Tuesday to raise up to $50 million in an initial public offering of common stock. AC Immune, backed by German billionaire Dietmar Hopp, said it plans to use proceeds from the IPO to develop products, including Alzheimer's drug crenezumab. The company told the U. S Securities and Exchange Commission...

  • May 31- Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc and that he was very supportive of Chief Executive Officer Brent Saunders. Saunders had moved into the top spot at Actavis from the CEO job at Forest Labs, which Actavis acquired. Icahn had a Forest Labs stake and was agitating for change when the...

  • WASHINGTON, May 31- The U.S. Supreme Court on Tuesday rejected a union's appeal of a lower court's ruling that allowed Atlantic City's Trump Taj Mahal casino, founded by Donald Trump but now owned by billionaire investor Carl Icahn, to break its contract with union workers to secure a bankruptcy rescue deal. The high court's decision not to hear the appeal by Unite...

  • May 31- Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc and that he was very supportive of CEO Brent Saunders. Shares of Allergan rose 2.6 percent to $242 in early trading. Icahn, who launched a $150 million political action committee advocating tax reform to eliminate inversions, was firmly against...

  • SAN FRANCISCO, May 27- Billionaire media owner Pierre Omidyar is backing news and entertainment web site Gawker Media in its lawsuit against wrestler Hulk Hogan, adding a new twist to a case pitting technology money against press freedom. "The possibility that Gawker may have to post a bond for $50 million or more just to be able to pursue its right to appeal the...

  • Mark Cuban's new hints about wanting the Vice Presidential spot?

    NBA owner and billionaire investor Mark Cuban is sending out messages about leadership. Does this mean he's interested at being Vice President in 2016 with either Donald Trump or Hillary Clinton?

  • May 27- Williams Cos Inc has informed Energy Transfer Equity LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort to end a stalemate between the companies, according to people familiar with the matter. Energy Transfer's proposed acquisition of Williams has been in doubt for months,...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold, a lawyer for its owner said on Friday, adding that the buyer could choose to drop the name, which has become more controversial since billionaire Donald Trump became the presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold and may not bear the name of presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium building in the city's financial district has found a potential buyer and the sale will conclude "hopefully shortly." Trump Hotel spokeswoman...