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  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • Add to the list Russian billionaire Yuri Milner, who announced on Monday that he plans to spend $100 million to explore the idea. "It's the most interesting technological question of our day," Milner said in an interview, noting that he became fascinated by the notion of extra-terrestrial life after reading astrophysicist Carl Sagan's "Intelligent Life in the...

  • GOMA, Democratic Republic of Congo, July 17- A new hydrocarbons law awaiting presidential approval in Democratic Republic of Congo imposes a much-needed structure on a haphazardly regulated oil sector but critics say its vague provisions open the door to corruption and secrecy. The new code, which would replace a 1981 law widely considered obsolete, is with...

  • MEXICO CITY, July 16- Mexican telecoms giant America Movil, which is controlled by billionaire Carlos Slim, will invest $6 billion over the next three years, Chief Executive Officer Daniel Hajj said on Thursday. America Movil was still looking at how to sell some assets but was in no rush, said Hajj at an event in Mexico City. The original plan was to sell a...

  • PARIS, July 16- Coty Inc's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group. With Coty due to gobble up Procter& Gamble's beauty business for $12.5 billion, Becht has no intention of seeking anyone else to lead...

  • July 16- The troubled $3.5 billion Baha Mar resort project in the Bahamas is preparing to wind down operations and cut more than 2,000 jobs if the developer fails to strike a deal quickly with its main lender, China's Export Import Bank, according to U.S. bankruptcy court filings. But after missing that deadline, a cash crunch forced Izmirlian's Baha Mar Ltd to file...

  • NEW YORK, July 16- For months, U.S. political pundits have declared 2016 the presidential election in which candidates will use outside spending groups, known as Super PACs, to reinvent the modern campaign playbook. Now, in thousands of pages of campaign finance reports filed with the Federal Election Commission Wednesday by Republican Jeb Bush and other...

  • NEW YORK, July 15- Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc, the world's largest asset manager, as an "extremely dangerous company" because of the prevalence of its exchange-traded fund products, which Icahn deems illiquid. "They sell liquidity," Icahn said in reference to BlackRock's ETF business. Icahn was speaking at the...

  • *Paulson expected to put pressure on Syngenta board. July 15- Hedge fund Paulson& Co has taken a stake in Syngenta AG and could push for the Swiss pesticide maker's board to accept a takeover offer from U.S. seed company Monsanto Co, people familiar with the matter said. Monsanto, the world's largest seed company, has made a $45 billion bid for Syngenta that the Swiss...

  • Paulson's hedge fund takes stake in Syngenta -sources Tuesday, 14 Jul 2015 | 6:15 PM ET

    July 14- Hedge fund Paulson& Co has taken a stake in Syngenta AG,, and could push for the board of directors of the Swiss pesticide maker to accept a takeover offer from U.S. seed company Monsanto Co, people familiar with the matter said on Tuesday. Monsanto, the world's largest seed company, made a $45 billion bid for Syngenta that the Swiss company rejected.

  • July 14- The Match Group, part of billionaire Barry Diller's IAC/InterActive Corp, said it would buy online dating website PlentyOfFish in a deal valued at $575 million, ahead of an IPO expected by the end of the year. IAC said in June it planned to take its dating business public, which includes the popular dating site Match.com and mobile app Tinder.

  • IAC's Match Group to buy dating site PlentyOfFish Tuesday, 14 Jul 2015 | 8:23 AM ET

    July 14- The Match Group, part of billionaire Barry Diller's IAC/InterActive Corp, said it would buy online dating website PlentyOfFish in a deal valued at $575 million.

  • LONDON, July 14- It's a showpiece drug that has the potential to end a disease that kills half a million African children a year. Backed by billionaire philanthropist Bill Gates and developed by GlaxoSmithKline, the vaccine-- called RTS, S or Mosquirix-- is being assessed by regulators and global health authorities. But it's a very complicated vaccine, so the...

  • WASHINGTON, July 14- Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. On Wednesday, the panel will decide whether to send the measure to the full...

  • LONDON, July 13- Energy trading house Gunvor has sold a controlling stake in its Ust-Luga oil products terminal to Russian businessman Andrei Bokarev, the Swiss-based company said on Monday. Gunvor, one of the world's top five oil trading houses, has been seeking to limit its exposure to Russia since former co-owner, Russian billionaire Gennady Timchenko, was...

  • The Trump backlash: Latino consumers wield new clout Saturday, 11 Jul 2015 | 6:59 AM ET

    NEW YORK/ CHICAGO, July 11- When Donald Trump described Mexican immigrants as rapists and drug smugglers last month, Latinos took to social media to express their outrage and urge businesses to sever ties with the billionaire presidential candidate. "Latino millennials have purchasing power and they're not going to tolerate Trump's comments," said Luis Fitch, a...

  • US STOCKS-Wall St ends sharply higher in broad rally Friday, 10 Jul 2015 | 4:22 PM ET

    *Euro zone ministers to meet on Saturday to decide on Greece. NEW YORK, July 10- U.S. stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the euro zone. Euro zone finance ministers will meet on Saturday...

  • *Euro zone ministers to meet on Saturday to decide on Greece. NEW YORK, July 10- U.S. stocks rose broadly on Friday, with major indexes up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming weekend meeting, which would allow it to avert bankruptcy and remain in the euro zone. Euro zone finance ministers will meet on Saturday to decide...

  • Euro zone ministers to meet on Saturday to decide on Greece. Global markets rose earlier on hopes that Greece will be able secure fresh funding to avert bankruptcy and allow it to remain in the euro zone. Greece has made substantial concessions in its latest proposal to lenders, including tax hikes, in hopes of receiving $59 billion to help it cover debts until...

  • MEXICO CITY, July 10- Mexican construction conglomerate Elementia, part owned by billionaire Carlos Slim, soared as much as 10.5 percent on its Friday debut on the Mexican stock exchange after the shares were priced below the preliminary target range. Early on Friday, Elementia priced its initial public offering at 17 pesos per share, below the 20- 25 peso range...