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Millionaires & Billionaires Billionaires

  • Feb 17- Buyout firm 3 G Capital managed to build a consumer empire with a market value of over $140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3 G-backed Kraft Heinz Co's $143 billion bid for Unilever Plc.. Its investment approach has attracted backers ranging from billionaire investor Warren Buffett, who has helped...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • WASHINGTON, Feb 17- President Donald Trump's pledge to bring massive investments in U.S. infrastructure projects showed new signs of life on Friday after lying dormant for weeks, as leading Republican lawmakers said proposals from the administration could be in the offing. He has previously voiced concern over adding to budget deficits with a new injection...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters...

  • A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters data, triggering British fears over jobs. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the U.S. with Unilever's in Europe and Asia.

  • A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters data, triggering British fears over jobs. It would bring together some of the world's best known brands, from toothpaste to ice creams, and combine Kraft's strength in the U.S. with Unilever's in Europe and Asia.

  • *Unilever says $50/ shr bid too low. LONDON, Feb 17- Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition...

  • NEW DELHI, Feb 17- A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms, officials said. India's biggest state-owned steel company and the world's No. 1 producer of the metal signed a deal in May 2015 to set up a...

  • LOS ANGELES/ NEW YORK, Feb 15- Charlie Munger, the billionaire vice chairman of Warren Buffett's Berkshire Hathaway Inc, said some of U.S. President Donald Trump's ideas may prove constructive for the country, tempering comments a year ago suggesting that his fellow Republican was not morally qualified for the White House. "Well, I've gotten more mellow," Munger...

  • *Noah Oppenheim named as president of NBC News- internal memo. If the deal goes ahead, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the European continent. A spokesman for NBC News declined to comment.

  • SAO PAULO, Feb 15- Grupo BTG Pactual SA will keep high capital ratios in coming quarters to prepare Latin America's No. 1 independent investment bank to grow in core activities, following a dramatic balance sheet downsizing last year, Chief Executive Officer Roberto Sallouti said on Thursday. The regulatory capital ratio at BTG Pactual's core banking unit rose...

  • *Noah Oppenheim named as president of NBC News- internal memo. If the deal goes ahead, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the European continent. Separately, NBCUNiversal named Noah Oppenheim as president of NBC News, according to...

  • George Soros

    Soros Fund Management took a handful of new positions in financial stocks as the sector was buoyed by Donald Trump's presidential victory.

  • SAO PAULO, Feb 15- Profit at Grupo BTG Pactual SA fell in the fourth quarter, as revenue in most business lines declined in the wake of a dramatic balance sheet downsizing at Latin America's largest independent investment bank. It tumbled 47 percent from the same quarter of 2015, when the São Paulo-based bank struggled with fallout from the arrest of founder and...

  • NEW YORK, Feb 14- Billionaire activist investor Carl Icahn increased his holdings in Herbalife Ltd and Hertz Global Holdings Inc in the fourth quarter, and exited Voltari Corp.. Icahn recently took on a role as special adviser to President Donald Trump, after publicly endorsing the real estate executives candidacy in September 2015. Icahns publicly traded...

  • Feb 14- American International Group Inc, the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly loss, largely due to a $5.6 billion reserve charge to cover possible future claims. AIG's net loss widened to $3.04 billion, or $2.96 per share, in the fourth quarter ended Dec. 31, from $1.84 billion, or $1.50 per share,...

  • NEW YORK, Feb 14- Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson& Co reduced its stake in SPDR Gold Trust, as bullion prices saw their weakest quarterly performance in 3-1/ 2 years, regulatory filings showed on Tuesday. New York- based Paulson& Co, led by longtime gold bull John Paulson, cut its stake in SPDR Gold Trust to 4.4 million...

  • BOSTON, Feb 14- Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Donald Trump's presidential victory. The New York- based firm disclosed a $14.9 million position in Goldman Sachs and...

  • NEW YORK, Feb 14- Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines. Larger Berkshire investments such as Wells Fargo& Co, Coca-Cola Co and International Business Machines Corp are normally...