Millionaires & Billionaires Billionaires

More

  • *Sharp to issue shares worth around $4.4 bln. TOKYO/ TAIPEI, Feb 25- Sharp Corp on Thursday agreed to be bought by Foxconn in what would be the biggest takeover of a Japanese tech firm by a foreign company, but the Taiwanese company said it needed to clarify terms and was not ready to sign. The loss-making display maker said it would issue around $4.4 billion worth of new...

  • BOSTON, Feb 24- Billionaire investor William Ackman has managed to erase his entire 40 percent return of 2014, a performance that put him at the pinnacle of the hedge fund world. Pershing Square Capital Management, which now oversees $13.4 billion, did not detail exactly what caused its most recent losses and a spokesman declined to comment.

  • The deep economic dislocation felt by many in Mississippi, reflected in Reuters interviews with dozens of voters, explains how Trump is attracting broad-based support in southern states, including from many evangelical Christian voters prepared to overlook his past liberal positions on touchstone social issues. "If we don't have a country, it's not going to...

  • WASHINGTON, Feb 23- The Pentagon's chief arms buyer on Tuesday said U.S. sanctions against Russia do not at this time bar the use of Russian RD-180 engines to power the Atlas 5 rockets that carry U.S. military and intelligence satellites into space. Defense Undersecretary Frank Kendall said the Defense Department had reviewed the issue with the Treasury...

  • WASHINGTON, Feb 23- More than 30 U.S. business leaders urged Congress on Tuesday to undo visa restrictions that make it harder for citizens of some countries to visit, saying they were discriminatory and made U.S. companies less competitive. A law passed after last year's Paris attacks by Islamic State requires citizens of 38 countries to obtain a visa to visit...

  • Feb 22- Brazilian police said on Monday they obtained an arrest warrant for the architect of President Dilma Rousseff's electoral campaigns, complicating her fight to survive an investigation into her 2014 re-election and stave off impeachment by Congress. The investigation of campaigner João Santana, known as "the maker of presidents" in Latin America, is...

  • VANCOUVER, Feb 21- Kit and Ace, the retail start-up launched by Lululemon Athletica Inc founder Chip Wilson's family, has laid off roughly 10 percent of staff at its Vancouver headquarters, as the closely-held company slows its rapid pace of expansion. Launched by Chip Wilson's wife and son in 2014, Kit and Ace went from a single shop in Vancouver to 61 locations...

  • SAO PAULO, Feb 21- Assets at Grupo BTG Pactual SA, the Brazilian investment bank dismantling trading positions in the wake of the arrest of founder André Esteves, fell in the fourth quarter more than initially reported, audited numbers showed late on Sunday. On a quarterly basis, assets fell about 12 percent, with the biggest chunk of that decline coming from the...

  • LAS VEGAS/ COLUMBIA, S.C., Feb 21- Republican presidential candidate Donald Trump rolled to victory on Saturday in South Carolina in a contest that saw former Florida Governor Jeb Bush drop out, while Democratic hopeful Hillary Clinton beat back a strong challenge from Bernie Sanders in Nevada. "The people of Iowa, New Hampshire and South Carolina have spoken, and I...

  • LAS VEGAS/ COLUMBIA, S.C., Feb 20- Republican presidential candidate Donald Trump rolled to victory on Saturday in South Carolina in a contest that saw former Florida Governor Jeb Bush drop out, while Democratic hopeful Hillary Clinton beat back a strong challenge from Bernie Sanders in Nevada. "The people of Iowa, New Hampshire and South Carolina have spoken, and I...

  • LAS VEGAS/ COLUMBIA, S.C., Feb 20- Republican Donald Trump rolled to victory on Saturday in South Carolina to solidify his status as the front-runner and Democratic presidential candidate Hillary Clinton beat back a strong challenge from Bernie Sanders in the Nevada caucuses. Trump, who in the final days of the primary battle got entangled in a controversy with...

  • BOSTON, Feb 19- Institutional Shareholder Services on Friday recommended Viacom Inc investors withhold support for six of the media company's directors, as the largest proxy adviser cited several concerns including their oversight of executive compensation. These included committee chair Frederic Salerno and Deborah Norville, the broadcast...

  • BOSTON, Feb 19- U.S. ratings agency Standard& Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months. The news weighed on Icahn Enterprises' stock price, pushing it down nearly 11 percent in afternoon trading to...

  • BOSTON, Feb 19- U.S. ratings agency Standard& Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status because the portfolio had suffered heavy losses in the last few months. The news hurt shares of Icahn Enterprises, which were down 5.7 percent in afternoon trading at $51.73.

  • Sumner Redstone in 2012

    Sumner Redstone was under "undue influence" from people around him, his ex-girlfriend argued in a court filing on Thursday.

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Shares in EFG were up 2.4 percent at 6.74 Swiss francs in Zurich at 1146 GMT. Zurich- based EFG and BTG Pactual agreed...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • LOS ANGELES, Feb 18- Media mogul Sumner Redstone was under "undue influence" from people around him when he replaced his designated healthcare agent in October 2015, his ex-girlfriend argued in a court filing on Thursday. The ex-girlfriend, Manuela Herzer, has sued over her removal as healthcare agent for the 92- year-old billionaire in favor of Viacom Inc Chief...

  • SAO PAULO/ ZURICH, Feb 19- Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday. Zurich- based EFG and BTG Pactual agreed not to adjust the value of the deal should BSI have to pay a fine related to a...

  • LONG BEACH, Calif., Feb 18- Richard Branson said on Thursday his Virgin Galactic venture is eager to rejoin the race among rival billionaire entrepreneurs to send passengers and satellites into space, following a deadly accident 16 months ago. On Friday, Virgin Galactic plans to unveil its new SpaceShipTwo, a six-passenger, two-pilot winged space plane designed...