MUMBAI, Feb 9- Russia's top oil producer Rosneft is still carrying out due diligence to buy a stake in Essar Oil Ltd, the Indian group which runs India's second biggest private sector refinery said on Tuesday. Last week, Bloomberg reported that the company was in talks with Saudi Arabia's biggest oil company Saudi Aramco and National Iranian Oil Company to sell a...» Read More
NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...
BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.
Aug 14- Any day now, David Murdock, the 92- year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes.
Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second quarter, a period when the S&P 500 energy index lost 2.6 percent. Seth Klarman's Baupost increased its stake in Cheniere Energy by 1.5 million shares over the quarter, leaving it with 15.4 million shares, and raised its bet on Pioneer...
China's rocky stock market ride can benefit private equity players as companies seek funding from other sources, David Rubenstein says.
Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.
Herbalife filed a petition seeking information from Twitter to identify an anonymous user who posted defamatory tweets.
Ben Mezrich, New York Times best-selling author, discusses how two Russian billionaires helped bring Vladimir Putin to power.
Bloomberg says that CEO and chairman of JPMorgan Jamie Dimon is now worth over $1 billion. CNBC's Robert Frank reports.
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Last year's winner, Andy Chua of Singapore, paid $2,166,766 for his chance to dine with Buffett in New York
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CNBC's Robert Frank reports on what three things that billionaires have in common.
French telecommunications group Altice said it agreed to buy Suddenlink Communications in a deal valuing the company at $9.1 billion.
Perched atop the exclusive Billionaire Mountain, this Aspen crib is most certainly king of the hill, and we're giving you an inside look.
Warren Buffett and Bill and Melinda Gates tell CNBC's Becky Quick about the philanthropic efforts that they're most proud of.
Warren Buffett and Bill and Melinda Gates talk with CNBC's Becky Quick about how they're trying to change the world.
London, center of the $5-trillion-a-day global currency market, now wants to be home to a controversial upstart - bitcoin.
CNBC's Robert Frank takes a look at a Buddhist mansion near Palm Beach that offers the super rich a retreat from the daily stresses of life.