Millionaires & Billionaires Billionaires

  • The Las Vegas- based company's main operating unit, Caesars Entertainment Operating Co Inc, filed for bankruptcy in January 2015. Under the agreement, which still needs approval from the U. S Bankruptcy Court in Chicago, first-lien bank lenders will recover roughly 115 cents on the dollar, about 1 cent less than previously agreed upon. Junior creditors, who had...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • A London townhouse on Mayfair’s Park Lane is up for rent for $5,172 per week and looks set to go to a super-rich student from the Middle East.

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday as creditors thrashed out the terms of a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed for bankruptcy in January 2015. The latest offer from Caesars...

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday, a day after hitting a 16- month high, as investors awaited a midnight deadline for creditors to accept a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • ZURICH, Sept 23- AC Immune, the Swiss biotech company working on treating Alzheimer's disease, has boosted the size of its initial public offering to raise nearly $58 million it needs to continue research on its products. AC Immune will now sell 6 million shares, up from the originally forecast 4.55 million, at $11 each, the bottom end of its indicated range.

  • Elon Musk to debut new solar power roof next month

    The Tesla CEO and SolarCity chairman aims to unveil a Tesla/SolarCity solar roof on October 28.

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year. Wanda, owned by China's richest man, Wang Jianlin, and Sony announced a deal on Friday under which Sony Pictures will...

  • The SEC's complaint, filed in federal district court in Philadelphia, accuses the legendary investor of earning about $4 million in illicit profits from trading in Atlas Pipeline Partners after a corporate insider gave him confidential information about a big divestiture. The SEC has framed its case, as I'll explain, to avoid the question at the Supreme Court.

  • BUENOS AIRES, Sept 21- Argentina will invest 22.2 billion pesos over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday. Argentina's rail capacity lags far behind rival agricultural powerhouses like Brazil and the United States,...

  • NEW YORK, Sept 21- The latest insider trading charges by U.S. securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation. Earlier on Wednesday, the Securities and Exchange Commission charged Cooperman and his hedge fund firm, Omega...

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • CHICAGO, Sept 21- Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary's costly bankruptcy. Apollo Global Management and TPG Capital Management, the private equity firms that control the...

  • NEW YORK, Sept 21- Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan's monetary policy move, but added corporate reform is still needed to help revive growth. Loeb, whose $16 billion Third Point fund has been investing in Japan for years, was...

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • Leon Cooperman

    The SEC announced it is pursuing insider trading charges Wednesday against billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors.

  • Sept 21- Billionaire investor Leon Cooperman was charged with insider trading by the top U.S. securities regulator on Wednesday, making him the highest-profile target in years in the government's crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million after he bought the...