Millionaires & Billionaires Billionaires

More

  • Trump files his first campaign finance report with FEC Friday, 16 Oct 2015 | 10:00 AM ET
    Trump files his first campaign finance report with FEC

    Trump files his first campaign finance report with the Federal Election Commission.

  • *Top businessmen want say in policy-making. *Delicate balancing act between reforms and the generals. CAIRO, Oct 16- When Egyptian general-turned-president Abdel Fattah al-Sisi removed the unpopular Muslim Brotherhood from power in 2013, billionaire Naguib Sawiris promised to invest in his country like never before.

  • U.S. "oil trade king", BP's Porteous, to retire Friday, 16 Oct 2015 | 7:43 AM ET

    LONDON, Oct 16- One of the world's most powerful and best-paid oil traders, BP's head of crude Donald Porteous, will retire from the company in 2016 after what industry sources described as several years of bumper profits. Porteous, in his early 40 s, is dubbed in the industry as "The King of Cushing", the United States' main oil trading hub, where BP controls large storage...

  • Critics say the measures will make Sweden a less attractive place to do business and act as a disincentive to work. Sweden's comprehensive but costly welfare model demands high taxes, but reforms by center-right governments from 2006 aimed at making work pay better and trimming benefits cut the tax burden to below that in France, Finland or Belgium.

  • LONDON/ BRUSSELS, Oct 12- Anheuser-Busch InBev raised its proposed takeover offer for SABMiller on Monday, as the world's largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world's beer. The maker of Budweiser and Stella Artois said it would offer 43.50 pounds per share in cash to most SABMiller...

  • UPDATE 5-AB InBev raises takeover offer for SABMiller Monday, 12 Oct 2015 | 10:15 AM ET

    LONDON, Oct 12- Anheuser-Busch InBev raised its takeover offer for SABMiller on Monday, as the world's largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world's beer. AB InBev has until 1600 GMT on Wednesday to launch a formal bid for SABMiller, in what would be the biggest UK company takeover ever.

  • JOHANNESBURG/ LONDON, Oct 12- Anheuser-Busch InBev made a fresh approach to SABMiller on Monday with an improved offer, Sky News said, as the world's largest brewer tries to win over its smaller rival to the idea of creating a global brewing giant. The maker of Budweiser and Stella Artois "made a renewed overture" to SABMiller's board, the report said, citing people...

  • The move will require Telmex, owned by Slim's America Movil, to modify the terms and conditions under which it will let other companies use part of its vast fixed line infrastructure. Since declaring America Movil dominant last year, the IFT has been introducing stricter measures designed to boost access to a sector seen as less competitive than Mexico's peers.

  • NEW YORK, Oct 9- A deputy United Nations ambassador from the Dominican Republic facing U.S. charges over a bribery scheme had his bail set at $2 million on Friday, despite a prosecutor's warnings that he poses a flight risk. Brian Bieber, Lorenzo's lawyer, sought to assure Pitman that Lorenzo would return to court, adding the Dominican Republic had just suspended...

  • ABU DHABI, Oct 9- NMC Health, the United Arab Emirates- based healthcare provider, said on Friday it had made an informal cash and share offer to buy rival Al Noor Hospitals Group, sparking a race with South Africa's Mediclinic International Ltd.. UAE- based Al Noor said earlier this week that it is in merger talks with South Africa's privately owned group Mediclinic...

  • WASHINGTON, Oct 8- Space Exploration Technologies, or SpaceX, has slammed a bid by United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, to get a waiver from a U.S. ban on Russian rocket engines for military use. ULA's threat to skip an upcoming Air Force competition to launch a GSP satellite unless it got a waiver was "nothing less than...

  • NEW YORK, Oct 8- Famed bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying he was driven out of the bond fund giant he helped found by a greedy "cabal" of executives who wanted his huge bonus for themselves. In a complaint filed on Thursday in the California Superior Court in Orange...

  • The pledge was seen as a promising development for Phoenix, Arizona- based Freeport, which is under pressure from billionaire activist investor Carl Icahn and slumping commodity prices. Shares were up 1.7 percent to $13.24, after climbing more than 10 percent on Wednesday, when Freeport said two Icahn appointees were added to its board of directors.

  • Oct 8- U.S. energy and mining company Freeport-McMoRan Inc said on Thursday it has been assured by the government of Indonesia that the mining contract for its giant Grasberg copper and gold mine will be extended beyond 2021.. The pledge, coming after extended negotiations, is a positive development for Phoenix, Arizona- based Freeport, which is under pressure...

  • *Regeneron, Amgen lead health care sector. Brands hit by China woes. Investors' focus is turning to earnings, and Yum!

  • US STOCKS-Wall St rises as health care rebounds Wednesday, 7 Oct 2015 | 3:37 PM ET

    *Regeneron, Amgen lead health care sector. *Yum Brands hit by China woes, drags McDonald's. slumped 19 percent, while McDonald's, which also has a large exposure to China, fell 0.5 percent to $101.12.

  • Oct 7- U.S. miner Freeport-McMoRan Inc said on Wednesday it will add two new directors to its board under an agreement with billionaire Carl Icahn, bowing to pressure from the activist investor, who is the company's largest shareholder. Freeport shares jumped as much as 13.6 percent after it said it added Icahn lieutenants Andrew Langham and Courtney Mather to...

  • *Yum Brands hit by China woes, drags McDonald's. Oct 7- U.S. stocks were marginally higher in volatile trading on Wednesday as investor worries about corporate earnings grew and a rally in crude oil prices ended. "There is no real conviction in either direction in the market," said Joseph Benanti, managing director, sales and trading of Rosenblatt Securities in New...

  • *Yum Brands slumps on China worries. Oct 7- Wall Street turned negative in late morning trading on Wednesday as tech stocks, led by Apple, fell and a rally in crude oil prices was checked. Expectations that the Federal Reserve will lift interest rates this year are fading, with concerns mounting about slowing global growth, especially in China, and its effect on...

  • *Brent crude set for best 4- day run in a month. *Yum Brands slumps 16 pct on China worries. Oct 7- Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude on track to post its best 4- day run in more than a month.