Millionaires & Billionaires Billionaires

  • MEXICO CITY, Oct 28- Latin American stocks and currencies mostly fell on Friday following news that the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use. Mexico's peso sank nearly 1.4 percent, blowing past 19 per dollar, as global markets were rattled by the news of the FBI probe, but the currency...

  • Oct 28- SpaceX said on Friday its investigation of the cause of a Sept. 1 explosion that destroyed a Falcon 9 rocket is focusing on a possible flaw in the fueling system. The space launch company led by billionaire Elon Musk said it has not confirmed the cause of a failure in the fueling system. However, the company said in a statement that during testing at a facility...

  • WASHINGTON, Oct 28- Fayez Sarofim, a billionaire darling of Houston high society known for running a Texas investment company, has agreed to pay a $720,000 civil penalty for failing to report the purchase of voting securities of Kinder Morgan and Kemper Corporation, the Federal Trade Commission said on Friday. Big mergers and large share purchases must be...

  • SYDNEY, Oct 28- Australia's richest woman Gina Rinehart is in the box seat to buy the country's largest private land holding, cattle and pastoral tracts the size of South Korea, after a rival bidder dropped out. The decision follows a pledge by Rinehart a day earlier to buy the land holdings outright if her A $386.5 million joint bid with Chinese partner Shanghai...

  • BOSTON/ LOS ANGELES, Oct 27- Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday. Investment banks Goldman Sachs Group Inc and Morgan Stanley, as well as law firm Wachtell, Lipton, Rosen& Katz LLP, are now working...

  • NEW YORK, Oct 27- A New York state appeals court on Thursday cleared the way for billionaire investor Carl Icahn to pursue an unusual malpractice lawsuit against the powerful law firm Wachtell, Lipton, Rosen& Katz over his 2012 hostile takeover of CVR Energy Inc.. The 5-0 decision by the Appellate Division in Manhattan frees CVR to contest whether Wachtell should...

  • DETROIT, Oct 27- Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers. This week, Wall Street looked at the Detroit companies' stronger-than-expected quarterly results and turned thumbs down.

  • Mark Cuban supports merger of AT&T and Time-Warner

    The billionaire entrepreneur says the newly combined company would finally know who consumer its content.

  • Life is tough in Santa Cruz Itundujia in the mountains of Oaxaca state and it is made even harder here and in other isolated towns throughout Mexico's rugged interior by a lack of connectivity that complicates everything from education to getting help in medical emergencies. In these remote indigenous hills, President Enrique Pena Nieto's...

  • It has built a massive network of 320,000 retail outlets across China and other parts of Asia, its sales representatives earn commissions on every phone they sell, and it has filled the airwaves and covered thousands of billboards with advertising based on the endorsement of some of the hottest Asian pop stars. In the third quarter, it jumped into first place in...

  • SAN FRANCISCO, Oct 26- Tesla Motors Inc reported its first quarterly net profit in more than three years on Wednesday, buoyed by nearly $139 million in sales of clean car credits, and Chief Executive Elon Musk said the company turn a profit again in the fourth quarter. The company also signaled it has substantially reduced the costs for launching production of its...

  • Tesla, led by billionaire entrepreneur Elon Musk, recorded net income of $21.9 million, or 14 cents per share, for the third quarter ended Sept. 30 compared with a loss of $229.9 million, or $1.78 per share, a year earlier. On an adjusted basis, Tesla reported a profit of 71 cents per share, compared with a loss of $1.35 per share in the same period last year.

  • Tesla, led by billionaire entrepreneur Elon Musk, posted net income of $21.9 million, or 14 cents per share, for the third quarter ended Sept. 30 compared with a loss of $229.9 million, or $1.78 per share, a year earlier. On an adjusted basis, Tesla reported a profit of 71 cents per share, compared with a loss of $1.35 per share in the same period last year.

  • SAO PAULO, Oct 26- JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world's biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, São Paulo-based JBS said that BNDES Participações SA, the...

  • SAO PAULO, Oct 26- JBS SA has scrapped a plan to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world's biggest beef exporter tumbling and dealing a heavy blow to the company's wish to become a global food processing powerhouse. Under terms of the plan, which were first reported by Reuters on May 11, the JBS Foods...

  • DUBAI, Oct 25- Billionaire Mohamed Alabbar, one of Dubai's most prominent businessmen, plans a phone messaging service for the Middle East that aims to compete with services such as WhatsApp. Alabbar, who made his fortune as the chairman of Dubai's largest listed property developer, Emaar Properties, has been moving into other areas, in particular technology.

  • DUBAI, Oct 25- Billionaire Mohamed Alabbar, one of Dubai's most prominent businessmen, plans a phone messaging service for the Middle East that aims to compete with services such as WhatsApp. Alabbar, who made his fortune as the chairman of Dubai's largest listed property developer, Emaar Properties, has been moving into other areas, in particular technology.

  • China's Le Holdings Co Ltd, also known as LeEco, planned to unveil its self-driving car prototype as part of a splashy U.S. launch for an array of technology products and services, including phones, televisions and entertainment production. The choice of the San Francisco venue, in the backyard of luxury electric car maker Tesla and Alphabet Inc's Google...

  • Chicago Cubs co-owner on baseball & business

    Andrew Berlin, Chicago Cubs co-owner and chairman, discusses baseball and business, as well as the decline in sports television ratings.

  • SAO PAULO, Oct 21- Egyptian billionaire Naguib Sawiris and some creditors of Oi SA are considering pouring up to $1.5 billion into the debt-laden Brazilian telecoms carrier, whose in-court reorganization has failed to gain traction amid rows between bondholders and shareholders, two people with knowledge of the matter said. The purpose of the...