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Millionaires & Billionaires Billionaires

  • March 10- Oil refiners shelled out a record over $2 billion to meet U.S. biofuels requirements in 2016, a 70 percent surge that helps fuel a growing debate over who should shoulder the costs for meeting environmental regulations. A Reuters review of regulatory filings from ten refiners, including Valero Energy Corp and CVR Energy Inc, showed that they paid $2.22...

  • MEXICO CITY, March 9- Shares of billionaire Carlos Slim's America Movil slumped on Thursday after regulators ratcheted up antitrust measures aimed at breaking Slim's hold on Mexican telecoms, adding uncertainty to the outlook for his principal cash cow. America Movil was the cornerstone of Slim's rise to top the global rich list for several years, but a...

  • March 9- American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. AIG's shares were down 0.4...

  • BOSTON, March 9- Delta Air Lines Inc. Chief Executive Ed Bastian on Thursday sounded an optimistic note for 2017 earnings and said he expects to meet soon with the company's newest and biggest investor, billionaire Warren Buffett. Speaking at the Boston College Chief Executives Club lunch, Bastian talked about the company's roughly 180 million customers, its...

  • March 9- American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. AIG's shares were down 0.25...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock will step down, a decision he made after a string of poor financial performance frustrated shareholders and the insurer's board of directors. In a joint statement, neither he nor Chairman Douglas Steenland gave any clues as to who might replace him. Billionaire activist...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock will step down after the insurer's widening losses stung investors, including billionaire Carl Icahn. Hancock had faced questions about his ability to carry out a two-year turnaround plan that targets returning $25 billion to shareholders after AIG reported an...

  • FRANKFURT/ HONG KONG, March 9- China's Shanghai Fosun Pharmaceutical is planning a bid for German generic drugmaker Stada, already the centre of a 3.6 billion euro takeover battle between two private equity consortia, two people close to the matter said. Fosun Pharma is also holding early-stage talks with buyout funds including CVC about a potential joint bid,...

  • March 9- American International Group Inc said on Thursday Chief Executive Peter Hancock plans to step down, a move that comes more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback to...

  • March 9- American International Group Inc said Chief Executive Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback in...

  • PARIS, March 9- Luxury goods group LVMH will set up a new digital platform to host all of its brands, sources close to the matter told Reuters, as the French company steps up efforts to capitalise on the sector's online sales boom. "This platform should boost the visibility of the various LVMH brands," one of the sources said, adding that the site would also promote other...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil is controlled by the family of Slim, one of the world's richest men.

  • SAN FRANCISCO, March 8- Shares of Snap Inc bounced back on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a "witch hunt." The group said Icahn may have been acting as a lobbyist when he advised President Donald Trump to overhaul the U.S. biofuels...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it has made its request for a probe in a letter sent to Congress on...

  • SAN FRANCISCO, March 8- Shares of Snap Inc rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • White House budget director Mick Mulvaney says he expects to release the Trump administration's fiscal 2018 federal budget plans on March 15.. Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. FBI Director James Comey says he has no plans to step down any time soon, days after he...

  • March 8- A federal appeals court said billionaire Ira Rennert must pay a $213.2 million judgment after a jury found him liable for looting his now-defunct magnesium company to build one of the country's most expensive homes, a 21- bedroom mansion in New York's Hamptons. The 2nd U.S. Circuit Court of Appeals on Wednesday let stand a jury verdict against the mining...