Millionaires & Billionaires Billionaires

  • LOS ANGELES, May 2- Media mogul Sumner Redstone can be deposed at home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday, but the recording will not be seen by the public. Viacom and CBS shareholders have closely followed the lawsuit for what it could...

  • May 2- Media mogul Sumner Redstone can be deposed at home in a videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday. Los Angeles Superior Court Judge David Cowan said, however, that the playing of the video at trial would not be open to the public.

  • NEW YORK, May 2- An energy market rout has ravaged fortunes from Texas to North Dakota and hit thousands of small investors, but some tycoons are still coining it in thanks to a piece of financial engineering that has tilted the playing field in their favor. U.S. pipeline billionaire Kelcy Warren, for example, has pocketed over $300 million in cash payouts from his...

  • OMAHA, Neb., April 30- Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the...

  • April 29- Wall Street was lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid. Apple was down 1.3 percent at $93.61 a day after billionaire investor Carl Icahn told CNBC he no longer has a position in the company. "Today's fall is just noise after the...

  • Empresas Polar, the largest private company in Venezuela, had warned it would end production on Friday because President Nicolas Maduro's socialist government was refusing to release it dollars to import malted barley under strict exchange controls. Polar makes about 80 percent of the beer consumed in Venezuela. Maduro's government often accuses Polar of...

  • With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. "Dollar/yen is not undervalued, and global macro conditions are by no means positive for risk sentiment," Bank of America Merrill Lynch analysts wrote in a note to clients, adding that a test of 100 yen in the coming months is likely.

  • With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. "Dollar/yen is not undervalued, and global macro conditions are by no means positive for risk sentiment," Bank of America Merrill Lynch analysts wrote in a note to clients, adding that a test of 100 yen in the coming months is likely.

  • LeEco moves its headquarters closer to Apple

    The tech rival who slammed Apple will open new headquarters in San Jose, California.

  • Les Moonves

    CBS's executives are considering how they can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared incompetent.

  • With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. Often seen as a sign of broader risk aversion among investors, the move coupled with a decline on Wall Street overnight to pushed Asian and European stocks into the red. U.S. futures pointed to a lower open on Wall Street.

  • *Yen surges to highest since late 2014 as Japan holidays. *Asian shares subdued by late skid on Wall St. SYDNEY, April 29- The yen surged to an 18- month peak on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, hurting prospects for Japanese exporters with a move that rippled through share markets across the Asian region.

  • SYDNEY, April 29- U.S. soybeans fell for a second session on Friday, but the oilseed was still ahead for the week and poised to extend its three-week gains to nearly 12 percent due to concerns over adverse weather in South America. *USDA said weekly corn export sales topped 2.6 million tonnes, the highest combined old-crop and new-crop total in four years.

  • *Asian shares subdued by late skid on Wall St. SYDNEY, April 29- The yen held onto hefty gains on Friday after the Bank of Japan surprised markets by declining to adopt fresh stimulus, while an Apple-inspired slide on Wall Street soured sentiment in stock markets. The absence of Tokyo for a holiday was a welcome relief to many given the pandemonium caused by...

  • CBS and Viacom Inc both have dual-class share structures with 80 percent of their voting shares owned by National Amusements, a privately-held movie theater company controlled by the 92- year-old Redstone. CBS, home to such shows as "The Big Bang Theory" and "The Good Wife" and premium TV channel Showtime, wants to review all of its options before the trust takes...

  • April 28- U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure. "This really personifies how important central bank policy is on the market," said Jack Ablin, chief investment...

  • NEW YORK, April 28- U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks from billionaire investor Carl Icahn added to selling pressure.

  • *Apple shares sink after Carl Icahn comments. "This really personifies how important central bank policy is on the market," said Jack Ablin, chief investment officer at BMO Private Bank. Jude Medical soared 26.3 percent to $78.22 after Abbott Laboratories said it agreed to buy the medical device maker for $25 billion.

  • NEW YORK, April 28- Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock. But Icahn, who owned 45.8 million Apple shares at the end of last year, said China's economic slowdown and worries about how China could become more prohibitive in doing business triggered his...

  • NEW YORK, April 28- Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock. But Icahn, who owned 45.8 million Apple shares at the end of last year, said China's slowdown influenced his decision to exit his position entirely. The company's sales dropped by more than a quarter...