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Millionaires & Billionaires Billionaires

  • GUINEA GOVERNMENT SAYS DETENTION OF BILLIONAIRE STEINMETZ IN ISRAEL IS LINKED TO A CORRUPTION INVESTIGATION IT STARTED IN 2011.

  • *BSGR says Guinea government initiated investigations. TEL AVIV/ LONDON, Dec 19- Israeli authorities placed billionaire businessman Beny Steinmetz under house arrest on Monday over allegations of bribery and corruption in Africa linked to his mining company, BSG Resources. BSGR said in a separate statement that the investigations were initiated by the...

  • Dec 19- Asset manager Legg Mason Inc said on Monday its largest shareholder, Chinese billionaire Tianqiao Chen's Shanda Group, plans to increase its stake in the company to up to 15 percent. Shanda, which bought a 10 percent stake in Legg Mason from activist investor Trian Fund Management LP in April, had a 10.4 percent stake as of July 6. The business lured millions...

  • ISRAELI POLICE SAY PUT BILLIONAIRE BENY STEINMETZ UNDER HOUSE ARREST UNTIL JAN. 2.

  • Dec 19- SoftBank Group Corp has agreed to invest $1 billion in OneWeb Ltd, which is building a constellation of satellites to improve global broadband access, the Japanese Internet conglomerate and the U.S. startup firm said on Monday. The investment is part of a $1.2 billion fundraising by OneWeb, with the remaining $200 million funded by its current investors.

  • LONDON, Dec 19- Billionaire businessman Beny Steinmetz has been detained by Israeli police for questioning in relation to allegations of bribery and corruption in Africa, mining company BSG Resources said on Monday. Israeli police did not name the individual but said in a statement that he, along with other Israelis living abroad, was suspected of paying tens...

  • Dec 18- Stocks slated to deliver large gains in 2017 range from movie-theater chain AMC Entertainment Holdings Inc to two companies with ties to billionaire Sam Zell- Equity Commonwealth and Real Industry Inc, Barron's said in a report. AMC will attract more cinephiles thanks to a strong lineup of films in 2017 and renovations to its theaters and those of...

  • Vivendi, led by French billionaire and corporate raider Vincent Bollore, became Mediaset's No. 2 shareholder behind Fininvest- the holding company of former prime minister Silvio Berlusconi- when it reached an initial goal of building a 20 percent stake this week. The Italian government cautioned Vivendi against mounting a hostile takeover bid for Mediaset,...

  • The following is a list of Republican Trump's selections for top jobs in his administration; all the posts but those of national security adviser, the White House chief of staff, White House director of the National Economic Council and White House strategist require Senate confirmation:. Representative Pompeo, 52, is a third-term congressman from Kansas who...

  • The following is a list of Republican Trump's selections for top jobs in his administration; all the posts but those of national security adviser, the White House chief of staff, White House director of the National Economic Council and White House strategist require Senate confirmation:. Representative Pompeo, 52, is a third-term congressman from Kansas who...

  • The following is a list of Republican Trump's selections for top jobs in his administration; all the posts but those of national security adviser, the White House chief of staff, White House director of the National Economic Council and White House strategist require Senate confirmation:. Representative Pompeo, 52, is a third-term congressman from Kansas who...

  • WASHINGTON, Dec 16- With more than 20 nominees now selected, Donald Trump's cabinet appears much like the president-elect himself: mostly older, white males, many of them wealthy, who see themselves as risk-takers and deal-makers and prize action over deliberation. Trump, who says Washington is "broken" and controlled by special interests, has largely eschewed...

  • BOSTON, Dec 16- Fidelity Investments unintentionally boosted BlackRock Inc's prospects as a robo adviser with a small investment in a start-up company that BlackRock bought last year for an estimated $150 million. Morgan Stanley analysts describe how robo advising is an emerging force to provide affordable advice in a $22 trillion wealth pool that...

  • *Stake-building totalled about 800 mln euros- sources. PARIS/ LONDON, Dec 16- Vivendi mandated BNP Paribas and Natixis in an 800 million-euro raid on Mediaset to seize a 20 percent stake in the Italian broadcaster earlier this week, according to two sources close to the matter. The two transactions turned Vivendi into Mediaset's second-biggest shareholder...

  • BOSTON/ SAN FRANCISCO, Dec 16- Apple Inc's board relaxed some rules for director nominations by outside investors but stopped short of broader changes sought by an activist shareholder. At Apple, this debate played out several years ago when billionaire activist investor Carl Icahn successfully urged an increase in share buybacks. Independent shareholder...

  • LONDON, Dec 16- Rupert Murdoch's bid for Britain's Sky is expected to drive traditional European media players to do their own deals to attain the scale they need to compete with online platforms like Netflix for increasingly costly programmes. While Twenty-First Century Fox's offer for Sky is not a done deal, bankers and industry sources expect it will win...

  • LONDON, Dec 16- Rupert Murdoch's bid for Britain's Sky is expected to drive traditional European media players to do their own deals to attain the scale they need to compete with online platforms like Netflix for increasingly costly programmes. While Twenty-First Century Fox's offer for Sky is not a done deal, bankers and industry sources expect it will win...

  • LONDON, Dec 16- Rupert Murdoch's bid for Britain's Sky is expected to drive traditional European media players to do their own deals to attain the scale they need to compete with online platforms like Netflix for increasingly costly programs. While Twenty-First Century Fox's offer for Sky is not a done deal, bankers and industry sources expect it will win...

  • LONDON, Dec 16- Rupert Murdoch's bid for Britain's Sky is expected to drive traditional European media players to do their own deals to attain the scale they need to compete with online platforms like Netflix for increasingly costly programs. While Twenty-First Century Fox's offer for Sky is not a done deal, bankers and industry sources expect it will win...

  • A cautionary tale on education investment flops: Author

    When you try to mix your philanthropy with your investing you tend to do both badly, says Jonathan Knee, "Class Clowns" author talking about his book and the billionaires that got burned investing in for-profit education ventures.