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  • LONDON, Sept 28- Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut is debt to withstand a prolonged fall in global metals prices. Glencore has said it will suspend dividends, sell assets and raise cash, among other measures, to cut its $30 billion debt pile and protect...

  • NEW YORK, Sept 28- U.S. prosecutors will go to court on Tuesday to argue that a billionaire Macau developer's aide presents too much of a flight risk to be released on bail after he was arrested on charges of lying about why he and his boss brought $4.5 million into the United States. Jeff Yin, assistant to real estate developer Ng Lap Seng, was arrested with his boss on...

  • WASHINGTON, Sept 28- Republican presidential candidate Jeb Bush has reserved $7.8 million in air time in January and February for TV ads in the key states of New Hampshire, Iowa and South Carolina, the Bush campaign said on Monday. The Bush campaign reserved $1 million in air time in Iowa, which on Feb. 1 holds the first nominating contest on the road to the November...

  • NEW YORK, Sept 25- A billionaire Macau developer arrested for lying to U.S. customs officials about why he brought $4.5 million in cash into the United States was subpoenaed in 2014 as part of a separate foreign bribery investigation, a source familiar with the matter said on Friday. But Ng's name has repeatedly surfaced in a private lawsuit against billionaire...

  • NEW YORK, Sept 24- Sprint Corp could be stronger if merged with a cable company, the U.S wireless company's chief executive said on Thursday, adding that he was not engaged in any such merger talks. Sprint CEO Marcelo Claure made the comments to Reuters when asked about brisk acquisition activity in the cable and telecommunications sector and the recent entry of...

  • The verdict marked a victory for the SEC, which has recently suffered a series of trial losses in insider trading cases, most notably the 2013 verdict clearing billionaire Mark Cuban. Earlier this month, the SEC lost its only other insider trading trial in 2015, with an administrative law judge clearing former Wells Fargo& Co trader Joseph Ruggieri.

  • *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global...

  • Glencore slump spoils commodity trader appetite for IPOs Wednesday, 23 Sep 2015 | 6:20 AM ET

    *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Two shareholder revolts in the space of six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global financial...

  • QINGDAO, China, Sept 23- Iron ore miner Vale said it will cut its production cost to less than $13 per tonne by 2018, as the world's largest producer of the commodity maximizes profit margins in an era of weak prices. "Vale is progressing to reach the lowest cash cost of the industry and will be competitive at any price scenario," Claudio Alves, global director of...

  • NEW YORK, Sept 22- The right-hand man to a billionaire Chinese real estate developer arrested by U.S. authorities for smuggling $4.5 million into the country has admitted the money was used to pay people for "unlawful activities," a federal prosecutor said. Jeff Yin, who worked for Macau developer Ng Lap Seng, made those statements during a post-arrest interview on...

  • Sept 22- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinter Usain Bolt and the West Indies cricket team, is set to raise as much as $2 billion from its initial public offering in the United States. O'Brien set up Esat Telecom in 1990 before being drawn into a 14- year public inquiry over his purchase of an Irish mobile phone license...

  • Digicel says IPO expected to be priced at $13-$16/shr Tuesday, 22 Sep 2015 | 8:26 AM ET

    Sept 22- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinter Usain Bolt and the West Indies cricket team, said it expects its initial public offering to be priced between $13 and $16 per share. The company, founded by Irish billionaire Denis O'Brien, said it would sell 124.1 million Class A shares in the IPO. Digicel provides...

  • BRASILIA, Sept 18- Brazil will boost its Internet communications to reduce dependence on U.S. hubs and be able to host global data centers for heavy users like YouTube and Netflix Inc, Jorge Bittar, head of state-run telecoms company Telebras, said in an interview. At present, all submarine fiber-optic cables connect Brazil to the Internet through the United...

  • BRASILIA, Sept 18- Brazil will boost its Internet communications to reduce dependence on U.S. hubs and be able to host global data centers for heavy users like YouTube and Netflix, Jorge Bittar, head of state-run telecoms company Telebras, said in an interview. In a move late next year that will bring the Internet to remote corners of Brazil, European...

  • TOKYO, Sept 17- Japan's Universal Entertainment Corp said it has dropped demands for damages against three former employees it accused of making millions of dollars of unauthorized payments related to its Philippine casino project. Universal, controlled by billionaire pachinko gambling machine tycoon Kazuo Okada, said late on Wednesday in a filing with...

  • WASHINGTON, Sept 17- The Republican presidential candidates' prime-time debate on CNN attracted an average of 22.9 million viewers, the network said on Thursday, making it the highest-rated program in the channel's history. The figures, based on Nielsen data, fell short of the 24 million who tuned in last month when Republican candidates took part in a debate on...

  • PARIS, Sept 17- European telecoms group Altice will become a major force in the lucrative U.S. cable market after it agreed to buy fourth-largest operator Cablevision for a mix of cash and shares in a deal worth $17.7 billion including debt. In talks that began in June, Drahi managed to convince Charles Dolan, the patriarch of the Irish-American family that owns...

  • PARIS, Sept 17- European telecoms group Altice has agreed to buy U.S. cable TV operator Cablevision for a mix of cash and shares in a deal worth $17.7 billion including debt, the two companies confirmed on Thursday. Drahi managed to convince Cablevision's owners, the Dolan family, who had long said they were not sellers, to part with the operator for $34.90 in cash per...

  • $100M+ zombie homes Wednesday, 16 Sep 2015 | 1:54 PM ET
    $100M+ zombie homes

    CNBC's Robert Frank reports there are at least 20 homes in the U.S. priced at $100 million or more, but few are selling. Bravo's Million Dollar Listing San Francisco star Justin Fichelson, provides perspective.

  • $100M home boom done? Wednesday, 16 Sep 2015 | 8:25 AM ET
    $100M home boom done?

    CNBC's Robert Frank reports a number of $100 million homes have come on the market recently but few are selling and some are dropping the asking price.