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  • BlackRock Inc, the world's largest asset manager, and Norges Bank Investment Management, Norway's $872 billion sovereign wealth fund are among the major funds resisting, encouraging companies to consult them before responding to an activist. The most recent example of pushback against activist settlements involves U.S. retailer Chico's FAS and Barington...

  • Jeff Bezos

    Amazon founder Jeff Bezos got to live out every Trekkie's fantasy by playing an alien in the new "Star Trek" movie.

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the...

  • WASHINGTON/ NEW YORK, July 15- Herbalife Ltd agreed to a $200 million settlement with U.S. regulators on Friday, under which the dietary supplements maker will change the way it does business and avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the company. The Los Angeles- based company's shares...

  • WASHINGTON/ NEW YORK July 15- Republican Donald Trump's selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal opponent of the...

  • Warren Buffett donates $2.86B to charities

    The billionaire businessman gave away 19.61-million Class 'B' shares of Berkshire Hathaway.

  • July 14- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill& Melinda Gates Foundation and four family charities, as part of his plan to give away nearly his entire fortune. The Gates Foundation, which focuses on improving education and health and...

  • WASHINGTON/ NEW YORK July 15- Republican Donald Trump's expected selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal opponent of the...

  • July 15- Herbalife Ltd said it would settle with the U.S. Federal Trade Commission for $200 million to avoid being labeled a pyramid scheme, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Ackman's Pershing Square Capital Management unveiled a $1 billion short bet against the company in 2012..

  • Warren Buffett

    Warren Buffett has donated roughly $2.9 billion more Berkshire Hathaway stock to five charities, as part of his plan to give away his fortune.

  • WASHINGTON/ NEW YORK July 14- Republican Donald Trump's expected selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates on Thursday, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal...

  • July 14- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill& Melinda Gates Foundation and four family charities, as part of his plan to give away nearly his entire fortune. The Gates Foundation, which focuses on improving education and health and...

  • July 14- Warren Buffett has donated roughly $2.86 billion more Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly his entire fortune. Buffett's 11th annual donation to the Bill& Melinda Gates Foundation and four family charities comprised 19.61 million Class "B" shares of Berkshire, according to a Thursday...

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • NEW YORK, July 14- Billionaire investor Bill Ackman said on Thursday that he was still betting against Herbalife Ltd shares and that the company needed to make "material changes to its incentive structure." Ackman has waged a four-year campaign against Herbalife, making a $1 billion short bet against it in 2012 and accusing it of running a pyramid scheme which...

  • NEW YORK, July 13- A former investor in the studio behind the "Twilight" movie franchise was arrested on Wednesday on charges that he participated in fraudulent schemes involving a bankrupt technology company called Kit Digital Inc.. Omar Amanat, an investor in media, finance and technology companies, was charged in an indictment filed in Manhattan federal...

  • LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its...

  • July 12- AMC Entertainment Holdings said on Tuesday it would buy London- based Odeon& UCI Cinemas Group to create the world's largest movie theater operator, marking the first big deal by a U.S. company to buy a British firm since the Brexit vote. The deal would have cost AMC about $160 million more before Britons voted on June 23 to leave the European Union, sending...

  • July 12- Twitter is set to live-stream some of Bloomberg LP's television programs, the latest in a series of content deals struck by the microblogging service this year. Bloomberg, owned by former New York City mayor and billionaire Michael Bloomberg, will stream "Bloomberg West", "What'd You Miss?" Thomson Reuters, parent of Reuters News, competes with Bloomberg LP...

  • PARIS, July 12- AccorHotels, Europe's largest hotel group, and top Chinese shareholder Shanghai Jin Jiang International are talking about their relations but a satisfactory solution has yet to be found, Accor's chief executive said on Tuesday. Accor shareholders on Tuesday approved a plan to buy the owner of luxury hotels including London's Savoy and New...