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  • 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...

  • TOKYO, March 31- Japan's power utilities will lose their monopoly over electricity on Friday in an unprecedented shakeup that could give a much needed jolt to Japan's long stagnant economy. Already, a price war has broken out among many of the more than 260 companies that will be allowed to sell electricity in Japan's $70 billion retail market.

  • March 30- AIG's mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to spin off the business. Morgan and Morgan Stanley are among those underwriting the IPO, the company said in a preliminary prospectus filed with the U.S. Securities and Exchange...

  • WASHINGTON/ NEW YORK, March 30- American women will have cheaper and easier access to abortion by medication after a decision by the Food and Drug Administration on Wednesday to relax restrictions on the use of abortion pill Mifeprex that were in place for over a decade. The FDA eased access to Mifeprex by updating the prescribing information on the drug's label,...

  • NEW YORK, March 30- Billionaire David Tepper's Appaloosa Management is seeking to overhaul TerraForm Power Inc's Conflicts Committee, claiming the company's controlling shareholder SunEdison Inc has breached its fiduciary duties. In an amended lawsuit filed on Tuesday in Delaware Chancery Court, Appaloosa said SunEdison and various TerraForm...

  • The 10 billion-euro potential acquisition of Bouygues Telecom by France's former state monopoly Orange would cut the number of French mobile operators from four to three. The boards of Orange and Bouygues met separately for more than three hours late on Wednesday, but the value of Bouygues Telecom, the eventual size of the stake of Bouygues in Orange, and the...

  • NEW YORK/ SAO PAULO, March 30- Pulpmaker Eldorado Brasil SA has hired the investment-banking units of three international banks and a Brazilian lender to manage a debut global bond offering of up to $500 million, four sources with direct knowledge of the decision said on Wednesday. Eldorado is part of J&F Investimentos SA, a holding company that groups the...

  • NEW YORK, March 30- A federal judge dismissed an unusual lawsuit in which CVR Energy Inc accused the powerful Manhattan law firm Wachtell, Lipton, Rosen& Katz of malpractice tied to the company's 2012 hostile takeover by billionaire investor Carl Icahn. District Judge Richard Sullivan in Manhattan said he was bound by a February 2015 ruling by a New York state...

  • *Carrefour to hold AGM on May 17. SAO PAULO/ PARIS, March 30- Peninsula Participacoes Ltda, the investment vehicle of Brazilian billionaire Abilio Diniz's family, has raised its stake in Carrefour SA, just weeks after the French retailer nominated the tycoon for a board seat. In a statement on Wednesday, Sao Paulo- based Peninsula said it had bought an additional 2.98...

  • SAO PAULO, March 28- Brazil's Banco Original SA expects returns on a newly launched, online-only retail banking unit to match those at the bank's corporate and agribusiness segments in four years, a bold bet on the growing appeal of digital lending in Latin America's largest economy, a senior executive said on Monday. Henrique Meirelles, a former Brazil central...

  • March 28- Elaine Wynn, former wife of Wynn Resorts Ltd founder Steve Wynn, sued him on Monday to get control over her nearly 10 percent stake, worth close to $900 million, in the casino company. In papers filed with a state court in Clark County, Nevada, Elaine Wynn is seeking to void the agreement so she can take control of her Wynn Resorts stake, plan her estate to benefit...

  • March 28- Wynn Resorts Ltd Chief Executive Steve Wynn's ex-wife Elaine Wynn has sued the billionaire casino mogul, accusing him of preventing her from exercising her rights as the company's stockholder and orchestrating her ouster from its board. Elaine, who owned 9.4 percent of Wynn Resorts' shares as of Feb. 18, has also named the company's general counsel,...

  • Billionaire William Ackman, whose Pershing Square Capital Management owns a 9 percent stake in Valeant, has joined the company's board. U.S. prosecutors in Massachusetts and Manhattan are probing Valeant's pricing and distribution channels, while the Securities and Exchange Commission is investigating its accounting and disclosure issues.

  • BOSTON, March 24- Billionaire investor William Ackman, whose hedge fund is one the of the biggest investors in drug company Valeant, has been asked to supply information to U.S. legislators probing price hikes in the pharmaceutical industry. Ackman told investors in his Pershing Square Capital Management on Thursday that the firm received a request on Friday...