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  • April 5- Representatives of Viacom Inc Chairman Emeritus Sumner Redstone are in settlement talks related to a lawsuit challenging the 92- year-old media mogul's mental competency, the Wall Street Journal reported, citing people familiar with the matter. The litigation has been suspended pending the settlement talks, the Journal reported.

  • Bill Gross

    Pimco said Bill Gross' abusive conduct and effort to sabotage colleagues he deemed disloyal gave it "good cause" to oust him, reported Reuters

  • April 4- Pacific Investment Management Co said former bond manager Bill Gross' abusive conduct and effort to sabotage colleagues he deemed disloyal gave it "good cause" to oust him, and not pay any of the more than $200 million of damages he now seeks in a lawsuit. In a Monday filing with the California Superior Court in Santa Ana, Pimco also said Gross acted...

  • *India's banks hold record bad loans in absolute numbers. MUMBAI, April 5- Global distressed asset buyers such as J.C. Flowers& Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Foreign firms have been similarly attracted to China, which has also seen an explosion in bank bad loans,...

  • Big names implicated in leak

    CNBC's Robert Frank looks at some of the billionaire names implicated in the Panama Papers leak.

  • Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...

  • Offshoring post-Panama Papers

    CNBC's Robert Frank looks at the state of off-shore accounts by the world's billionaires in the wake of the the Panama Papers leak.

  • PARIS/ LONDON, April 4- When French Prime Minister Manuel Valls phoned billionaire Martin Bouygues on Thursday evening in an attempt to save a merger between Bouygues Telecom and state-controlled Orange, it was already too late. For the deal to go through, Iliad and SFR would have had to agree to buy some Bouygues Telecom assets to ease competition concerns.

  • HONG KONG, April 3- A Macau court has ruled that a former business partner of Las Vegas Sands Corp, the world's biggest casino company, can proceed with a lawsuit seeking billions in damages for breaking the terms of their former partnership agreement. In a filing made on March 16, a court in the Chinese southern territory denied Las Vegas Sands a motion to dismiss...

  • BOSTON, April 1- Billionaire investor William Ackman's Pershing Square Holdings, Ltd fund lost 7.1 percent last month, hurt largely by Valeant Pharmaceuticals' roughly 60 percent tumble in March. March's poor performance leaves Ackman's fund with a 25.6 percent loss for the year, a person familiar with its returns said on Friday. This marks a dramatic...

  • PARIS, April 1- A proposed deal between state-controlled telecoms group Orange and Bouygues to create France's biggest telecoms operator collapsed on Friday, ending an attempt to ease a price war that has ravaged their margins. A stand-off between billionaire Martin Bouygues and French Economy Minister Emmanuel Macron about the clout the businessman...

  • PARIS, April 1- Merger talks between state-controlled telecoms group Orange and Bouygues Telecom to create France's biggest telecoms operator have failed, a source close to Bouygues said on Friday, confirming a report by Le Figaro. The 10 billion euro cash-and-share deal was hung up on a stand-off between billionaire Martin Bouygues and French Economy...

  • April 1- Hedge fund Appaloosa LP revealed a higher stake in TerraForm Power Inc, one of the two publicly listed units of SunEdison Inc, as it pursues an overhaul of a committee that oversees TerraForm shareholder rights. Billionaire David Tepper- led hedge fund said on Friday it owned 10.88 percent in TerraForm as of March 29, higher than the 9.50 percent it held as...

  • April 1- Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.. Billionaire David Tepper- led hedge fund's new position in TerraForm Power as of March 29 is higher than the 9.50 percent it owned as of Jan. 1. Appaloosa is seeking an overhaul of...

  • JAKARTA, April 1- Standard Chartered, struggling to recoup a $1 billion loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal. The $1 billion loan was made to mining tycoon Samin Tan's coal firm, Borneo Lumbung Energi& Metal Tbk and...

  • Republican presidential front-runner Donald Trump took a detour from the campaign trail on Thursday and held an unexpected meeting in Washington with Reince Priebus, the head of the Republican National Committee. Barry Bennett, an adviser to the Trump campaign, said on MSNBC that the meeting was about Trump helping the RNC raise money. " In recent interviews,...

  • BRASILIA/ SAO PAULO, March 31- Brazilian prosecutors on Thursday charged Joseph Safra, the world's richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving tax debts. Safra, who alongside his family owns Banco Safra SA and a number of private-banking institutions including Switzerland's J Safra Sarasin,...

  • LONDON/ MOSCOW, March 31- A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. All of the properties are in upmarket gated complexes in and around Moscow. Baevsky has worked as an aide to another close friend of Putin, his judo partner, Arkady Rotenberg.

  • LONDON/ MOSCOW, March 31- A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. All of the properties are in upmarket gated complexes in and around Moscow. Baevsky has worked as an aide to another close friend of Putin, his judo partner, Arkady Rotenberg.

  • TOKYO, March 31- Japan's utilities are holding capacity for nuclear power on their grids even though all but two of their reactors are operating with little prospect of many restarting, according to a Reuters survey. The practice risks complicating the biggest overhaul in the history of Japan's power industry that starts on Friday and is based on outdated...