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Millionaires & Billionaires Billionaires

  • SAO PAULO, Dec 1- Brazilian police investigating alleged bribery of tax officials on Thursday raided Itaú Unibanco Holding SA, the latest bank to be swept up in the widening probe. Apart from Sao Paulo- based Itaú, the tax probe has targeted its peers, including Banco Bradesco SA and a money management firm controlled by billionaire Joseph Safra's Safra Group...

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds as U.S. leader, it will be good news for Mexico, offering a more upbeat view on the outlook for a Trump government than he had previously. "That's fantastic for Mexico," Slim said at an event held by U.S. news agency Bloomberg in Mexico City.

  • *Popular is Spain's most exposed bank to problem property assets. MADRID, Dec 1- Banco Popular, regarded as the weak link in Spain's banking sector, is to replace Chairman Angel Ron after shareholders rebelled over his lacklustre progress in cleaning up 30 billion euros in toxic assets. Since Spain's 2012 financial collapse, banks have enacted many of the reforms...

  • CAPE CANAVERAL, Fla., Dec 1- Tech billionaire Elon Musk's SpaceX hopes to return its Falcon 9 rocket to flight on Dec. 16, said Iridium Communications Inc, which plans to have 10 of its satellites on board for launching. The launch is contingent on approval by the Federal Aviation Administration, which oversees U.S. commercial space transportation, Iridium said on...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers. The preliminary class-action settlement with SAC, now known as Point72 Asset Management LP, was filed on...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in Elan Corp, who said they lost money on the drugmaker due to insider trading by one of his portfolio managers. It resolves class-action claims over an estimated $275 million of illegal gains that Mathew Martoma, who...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP has agreed to pay $135 million to resolve a lawsuit by shareholders of Elan Corp, who claimed they lost money because it engaged in insider trading in the drugmaker's stock.

  • *CIB to sell 70-80 pct of investment bank arm CI Capital. CAIRO, Nov 30- Egypt's largest listed bank Commercial International Bank said it is in talks with local and Gulf investors to sell a 70-80 percent stake in its investment banking arm CI Capital. Sources with knowledge of the discussions had earlier on Wednesday told Reuters that CIB was close to finalising a...

  • ZURICH/ LONDON, Nov 30- Some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson& Johnson, leaving Chief Executive Jean-Paul Clozel with some explaining to do if he turned down an offer around that level. Clozel is excited about, I am perhaps less excited about it and see perhaps a greater risk than reward, "said...

  • CAIRO, Nov 30- Egypt's largest listed bank CIB is close to finalising a deal to sell a 70 percent stake in its investment banking arm CI Capital to a group of local investors, sources with knowledge of the discussions told Reuters on Wednesday. The investors would each hold a minority stake in CI Capital, the sources said. Sawiris said at the time that he planned to...

  • BUDAPEST, Nov 30- The zloty weakened slightly on Wednesday, bucking a rise in other Central European currencies, after a downward revision to Poland's economic growth forecasts for 2016. Preliminary third-quarter economic output figures have showed a slowdown across Central Europe, with economists largely blaming slower inflows of European Union...

  • President-elect Donald Trump chose a former Goldman Sachs banker and a billionaire investor on Tuesday to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama's signature healthcare program. Republican Trump is expected to name Steven Mnuchin, a former Goldman Sachs partner and Hollywood...

  • NEW YORK, Nov 29- President-elect Donald Trump on Tuesday chose a former Goldman Sachs banker and a billionaire investor to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama's signature healthcare program. Trump, a Republican, is expected to name Steven Mnuchin, a former Goldman Sachs partner and...

  • NEW YORK, Nov 29- President-elect Donald Trump on Tuesday chose a former Goldman Sachs banker and a billionaire investor to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama's signature heathcare program. Trump, a Republican, is expected to name Steven Mnuchin, a former Goldman Sachs partner and...

  • President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary and billionaire investor Wilbur Ross to head the Commerce Department, according to Republican sources. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it...

  • President-elect Donald Trump is expected to name Wilbur Ross, a billionaire known for his investments in distressed industries, to head the Commerce Department, a Republican source familiar with the decision told Reuters on Tuesday. Ross, 78, a staunch supporter of Trump and an economic adviser, has helped shape the Trump campaign's views on trade policy,...

  • BOSTON, Nov 29- Pershing Square Capital Management, the hedge fund firm run by billionaire William Ackman, wants to be exempted from possibly having to return millions of dollars in fees after a former employee donated $500 to a family friend's political campaign. In an application made public on Tuesday, Pershing Square detailed the 2013 contribution by a...

  • BOSTON, Nov 29- Pershing Square Capital Management, the hedge fund firm run by billionaire William Ackman, is asking the U.S. government that it be exempted from possibly having to return millions of dollars' worth of fees to a state pension fund after a former employee donated $500 to a family friend's political campaign. In a letter made public on Tuesday,...

  • Villar Mir has always denied any wrongdoing. Reuters could not immediately reach Villar Mir, an influential business leader who sits on the board of Spain's biggest bank Santander. Villar Mir and his family have the fifth-biggest fortune in Spain, valued at $3.1 billion according to Forbes.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.