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Millionaires & Billionaires Billionaires

  • 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.

  • 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.

  • 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.

  • ISTANBUL, Nov 29- The decade-long struggle over control of Turkcell, Turkey's top mobile network operator, took another turn on Tuesday when Russian billionaire Mikhail Fridman said he was unable to buy a disputed stake from his Turkish rival. Turkcell has been hampered by the protracted feuding between three of its shareholders- Fridman, the company's...

  • Republican Representative Tom Price, an orthopedic surgeon from Georgia, will be Health and Human Services secretary, and consultant Seema Verma will lead the Centers for Medicare and Medicaid Services, a powerful agency that oversees government health programs and insurance standards, Trump said in a statement. Price, 62, is an orthopedic surgeon who heads...

  • NEW YORK, Nov 28- U.S. stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week. U.S. stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up nearly 3 percent,...

  • NEW YORK, Nov 28- U.S. stocks fell modestly on Monday, weighed down by declines in the financial and consumer discretionary sectors, as some investors booked profits on the heels of a record-setting week. U.S. stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up 3.7 percent, as investors expect his plans to boost...

  • Nov 28- Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access...

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. The S&P 500 has jumped 3.4 percent since Nov. 8, while the small-cap Russell 2000 has soared 11.9 percent.