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Millionaires & Billionaires Billionaires

  • Warren Buffett

    Warren Buffett's Berkshire Hathaway bought shares of Bank of New York Mellon and Southwest Airlines in the first quarter.

  • NEW YORK, May 15- American International Group Inc on Monday named an insurance industry veteran as its new chief executive officer, luring him from the firm he started with a lucrative financial package that includes buying a big piece of his company. In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's...

  • In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's fourth largest shareholder, who has been pushing for big changes at the insurance giant. AIG said it will pay as much as $40 million to free Duperreault from a noncompete agreement with Hamilton Insurance Group Ltd, the firm he founded and ran, in...

  • *Guinea has missed iron ore "supercycle," say analysts. *Guinea wants new transport links across country. CONAKRY, May 15- Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.

  • May 15- American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term...

  • May 15- American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term...

  • May 15- American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term...

  • The demonization of the American-Hungarian billionaire and Holocaust survivor has spread from Hungary and Moscow across Europe and into the United States, with the 86- year-old increasingly accused by nationalists of using his money to force his liberal values, including support for refugees, on their societies. A far-right nationalist at an...

  • WASHINGTON— Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The attorneys did not release copies of Trump's tax returns,...

  • LOS ANGELES— Billionaire entrepreneur Elon Musk on Friday posted video on social media of what he describes as an electric sled speeding through a tunnel, a test of a system he envisions for 3- D networks of underground passages for speeding traffic under Los Angeles' congested roads. He posted on Twitter and Instagram that such sleds could transport cars at 125...

  • ATLANTIC CITY, N.J.— Atlantic City's casinos saw their first monthly revenue decline of the year in April, with the amount of money won from gamblers declining by 1.6 percent. Figures released Friday by the New Jersey Division of Gaming Enforcement show the casinos won $211.6 million in April. "Every one of the operating casinos won more at their slot machines last...

  • And the investigation of Baxter International, Pfizer and ICU Medical over their medical pricing and dealings with competitors. What might an FBI without a permanent leader, even for a short time, mean for ongoing cases of corporate misconduct? The FBI partners with the network of federal prosecutors around the country who report to the Justice Department...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • WASHINGTON— Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The attorneys did not release copies of Trump's tax returns,...

  • WASHINGTON— Robert Lighthizer has long complained that the United States dithered in the face of abusive Chinese trade policies, allowing its trade gap with Beijing to explode and American factories to close. The Senate voted 82-14 Thursday to confirm the 69- year-old Lighthizer to serve as U.S. trade representative. "I agree with President Trump that we...

  • He has launched similar "Section 232" reviews of the U.S. steel and aluminum sectors, where a flood of imports especially from China has depressed prices, threatening the industries long-term health. "China has a $150 billion program to take that much further between now and 2025. Ross predecessor at Commerce, Penny Pritzker, warned last November about looming...

  • PITTSBURGH— The estate of billionaire financier Henry Hillman will largely benefit foundations controlled by his relatives, which will receive $800 million from his fortune. David Roger, president of the Hillman Family Foundations, tells the Pittsburgh Post-Gazette that $700 million will go to the Henry L. Hillman Foundation. The Pittsburgh- based charity...

  • SYDNEY, May 11- Elliott Management is willing to back a board member of BHP Billiton to be its chairman upon the retirement of Jac Nasser despite deep reservations about its top management, a source close to the activist shareholder said on Thursday. Elliott, founded by billionaire Paul Singer, is pushing for a $46 billion overhaul at BHP that includes spin offs,...

  • KIEV, Ukraine— The Associated Press has found that Ukrainian soldiers are being bombarded by text messages likely dispatched by cell site simulators. Some are crude threats, while others play on allegations that Ukraine's billionaire president, Petro Poroshenko, sometimes nicknamed Parasha, is lining his pockets as soldiers fight in the field.

  • BOSTON, May 10- Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. One makes up roughly 5 percent of Pershing Square Capital Management's $11 billion of capital and has gained about 30 percent, Ackman said.