Millionaires & Billionaires Billionaires

  • Aug 16- Settlement talks between Viacom Inc Chief Executive Philippe Dauman and controlling shareholder Sumner Redstone have resumed after weeks of stops and starts, a source familiar with the situation told Reuters on Tuesday. A settlement would end litigation in Delaware and Massachusetts over the battle for control over 93- year-old Redstone's $40...

  • NEW YORK, Aug 16- Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S. internet publisher Gawker Media LLC for $135 million, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million. Gawker founder Nick Denton said in a prepared statement that the company "could not have picked an acquirer more devoted to vibrant...

  • *Wynn Palace most expensive Macau resort yet. MACAU, Aug 17- U.S. casino tycoon Steve Wynn's newest pleasure palace in Macau boasts massive dancing fountains but the Chinese territory is anything but bubbly as it prepares to welcome the $4 billion resort to its struggling glitter strip next week. Casino bosses are upbeat, saying the new resorts on the Cotai strip...

  • BOSTON, Aug 16- Billionaire hedge fund manager Paul Tudor Jones on Tuesday laid off roughly five dozen employees, or about 15 percent of his workforce, a person familiar with the moves said on Tuesday, in the wake of poor returns and investor redemptions. The cuts were made across the board at Tudor Investment Corp, which oversees roughly $11 billion for wealthy...

  • NEW YORK, Aug 16- Univision Holdings Inc has offered to acquire Gawker Media LLC, challenging a $90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S. internet publisher, people familiar with the matter said. Univision's bid for Gawker illustrates how the U.S. The New York- based publisher sought bankruptcy after facing a $140...

  • BOSTON, Aug 15- Carl Icahn, the octogenarian investor whose stock investments still create a buzz on Wall Street nearly 50 years after he first got into the business, made a new bet on Allergan, a new filing shows. Icahn who invests his personal fortune estimated by Forbes to be roughly $17 billion largely kept his portfolio unchanged, reporting no change on his...

  • George Soros

    Soros Fund Management sharply cut its shares in gold in the second quarter, regulatory filings showed on Monday.

  • NEW YORK, Aug 16- Univision Holdings Inc has offered to acquire Gawker Media LLC, challenging a $90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S. internet publisher, people familiar with the matter said. Univision's bid for Gawker illustrates how the U.S. The New York- based publisher sought bankruptcy after facing a $140...

  • AIG, the largest commercial insurer in the United States and Canada, said it would get $2.2 billion in cash, $250 million in Arch Capital's perpetual preferred stock and $975 million in non-voting common-equivalent preferred stock from the sale of United Guaranty Corp.. The Wall Street Journal first reported AIG's deal with Bermuda- based Arch Capital...

  • NEW YORK, Aug 15- Soros Fund Management LLC sharply cut its shares in gold in the second quarter, when bullion prices rose to two-year highs, regulatory filings with the U.S. Securities and Exchange Commission showed on Monday. "Investors have been more proactive cutting holdings in the miners, some of whom have drastically outperformed the underlying in the...

  • Noting the recent run-up in the benchmark Standard& Poor's 500 index to fresh record highs while economic growth remains weak and corporate earnings are stagnant- George Soros, Jeffrey Gundlach, Carl Icahn and David Tepper were among billionaire hedge fund investors and money managers who slashed their long equity positions in the second quarter, according...

  • Aug 15- American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion. AIG, the largest commercial insurer in the United States and Canada, said it would get $2.2 billion in cash, $250 million in Arch Capital's perpetual preferred stock and $975 million in non-voting common-equivalent...

  • BOSTON, Aug 15 (Reuters) - Carl Icahn, the octogenarian investor whose stock investments still create a buzz on Wall Street nearly 50 years after he first got into the business, made a new bet on Allergan, a new filing shows.

  • NEW YORK, Aug 15- A number of big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock. George Soros, Jeffrey Gundlach and David Tepper were among the billionaire hedge fund investors and money managers who slashed their long equity positions in the second quarter, according...

  • Hubbard: I support but don't love Trump

    Billionaire Stanley Hubbard explains his reluctant support for Donald Trump.

  • *Oil prices hover around $47. *Activision Blizzard rises on Daniel Loeb stake. Oil prices fluctuated in choppy trading, but remained around the $47 mark as speculation intensified that oil producers may try to work out ways to support prices in an oversupplied market.

  • Aug 15- U.S. stock index futures edged higher on Monday, tracking global markets, as oil prices rose and on rising speculation that China may unveil a fresh stimulus program to prop up its economy. The minutes are due on Wednesday at 2 p.m. ET. *The odds of a hike stand at 9 percent for September and rise to about 41 percent for December, according to CME Group's Fedwatch...

  • *Bollore clashes with Berlusconis over Italy's Mediaset. PARIS, Aug 12- When French tycoon Vincent Bollore backed out of a deal to buy the pay-TV business of Italian broadcaster Mediaset, and instead proposed to take a large slice of the parent company itself, investors feared he was plotting another stealth raid. The family of former Italian premier Silvio...

  • BOSTON, Aug 12- Billionaire hedge fund manager David Tepper cut back on some of his biggest bets in the energy sector and sold off other names during the second quarter, according to a regulatory filing on Friday. Tepper's Appaloosa Management cut its stakes in Williams Partners and Energy Transfer Partners by nearly 30 percent and exited Range Resources Corp....

  • BOSTON, Aug 12- One of Herbalife Ltd's largest investors sold more of the company's stock, just weeks after the U.S. government told the protein shake maker to reorganize its business, according to a filing with the U.S. Securities and Exchange Commission. In an SEC filing on Wednesday, Fidelity Investments, the second largest investor in Herbalife, said it had cut...