Millionaires & Billionaires Billionaires

  • SAN FRANCISCO/ LOS ANGELES, May 5- Sumner Redstone's much-discussed mental state will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92- year-old media mogul is incompetent in the culmination of a salacious, months-long legal drama. If the former girlfriend, Manuela Herzer, succeeds,...

  • FCC Chairman Tom Wheeler had already voted to approve them. The two other FCC commissioners have yet to vote on the matter. The FCC declined to comment on Thursday.

  • SAN FRANCISCO/ LOS ANGELES, May 5- Sumner Redstone's much-discussed mental status will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92- year-old media mogul is incompetent in the culmination of a salacious, months-long legal drama. If the former girlfriend, Manuela Herzer,...

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. It is already suing ETE in Delaware to stop a controversial offering of preferred shares to its top shareholders, including Warren.

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. Energy Transfer units were up $1.01, or 8.3 percent, at $13.21 on Monday morning. Williams shares rose 49 cents, or 2.5 percent, to $19.73.

  • NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

  • Republican presidential candidate Donald Trump said on Thursday that if elected he would scrap a slew of federal regulations that he said are even more of a burden on American business owners than high taxes, and would try to refinance longer-term U.S. debt. In the wide-ranging interview, the New York billionaire also said he supports low interest rates for now...

  • NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

  • LOS ANGELES, May 3- Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conference in Beverly Hills, California, at least four panels so far have focused on technology taking over markets to mining- and...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • The companies said in a regulatory filing on Tuesday that the Securities and Exchange Commission had requested additional information about the deal to be included in the proxy statement, which the companies may not mail to shareholders before the SEC completes its review. Williams shareholders need to vote on the transaction, and the SEC must sign off on the...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • LOS ANGELES, May 2- Media mogul Sumner Redstone can be deposed at home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday, but the recording will not be seen by the public. Viacom and CBS shareholders have closely followed the lawsuit for what it could...

  • May 2- Media mogul Sumner Redstone can be deposed at home in a videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday. Los Angeles Superior Court Judge David Cowan said, however, that the playing of the video at trial would not be open to the public.

  • NEW YORK, May 2- An energy market rout has ravaged fortunes from Texas to North Dakota and hit thousands of small investors, but some tycoons are still coining it in thanks to a piece of financial engineering that has tilted the playing field in their favor. U.S. pipeline billionaire Kelcy Warren, for example, has pocketed over $300 million in cash payouts from his...

  • OMAHA, Neb., April 30- Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the...

  • April 29- Wall Street was lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid. Apple was down 1.3 percent at $93.61 a day after billionaire investor Carl Icahn told CNBC he no longer has a position in the company. "Today's fall is just noise after the...

  • Empresas Polar, the largest private company in Venezuela, had warned it would end production on Friday because President Nicolas Maduro's socialist government was refusing to release it dollars to import malted barley under strict exchange controls. Polar makes about 80 percent of the beer consumed in Venezuela. Maduro's government often accuses Polar of...

  • With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. "Dollar/yen is not undervalued, and global macro conditions are by no means positive for risk sentiment," Bank of America Merrill Lynch analysts wrote in a note to clients, adding that a test of 100 yen in the coming months is likely.

  • With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. "Dollar/yen is not undervalued, and global macro conditions are by no means positive for risk sentiment," Bank of America Merrill Lynch analysts wrote in a note to clients, adding that a test of 100 yen in the coming months is likely.