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Millionaires & Billionaires Billionaires

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro move to simplify his business interests, a restructuring long demanded by other investors. That will unite the 70 year old fashion label worn by film...

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd have expressed interest in a buyout of the controlling stake that two families have in Brazilian drugmaker Hypermarcas SA, two people with knowledge of the matter said on Monday. The owners of investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA for a buyout, two people with knowledge of the matter said on Monday. Families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent of...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA for a buyout, two people with knowledge of the matter said on Monday. Families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent of...

  • *Warsaw, Prague lead stock rebound on France, up 1.3 pct. BUDAPEST, April 24- Central European assets, mainly stocks and currencies rose on Monday after centrist Emmanuel Macron won the first round of France's elections, taking a big step towards becoming president. Warsaw and Prague led a rebound of stocks, with their indices rising 1.3 percent by 1231 GMT,...

  • *Warsaw leads stock rebound on French vote, up 1.3 pct. BUDAPEST, April 24- Central European stocks and currencies rose on Monday after centrist Emmanuel Macron won the first round of France's presidential elections, taking a big step towards becoming president. Warsaw led a rebound of stocks, with its blue-chip index rising 1.3 percent by 0740 GMT.

  • SAN FRANCISCO— Travis Kalanick, the chief executive of Uber, visited Apple’ s headquarters in early 2015 to meet with Timothy D. Cook, who runs the iPhone maker. It was a session that Mr. Cook then demanded, or Uber’ s app would be kicked out of Apple’ s App Store.

  • NEW YORK— Though perhaps best known as Facebook's No. 2 executive, Sheryl Sandberg is also a mentor, a mother, a billionaire and an author. When her husband Dave Goldberg died suddenly in 2015 while they were vacationing in Mexico, she added "widow" to the list. Her new book— "Option B: Facing Adversity, Building Resilience and Finding Joy," written with psychologist Adam...

  • NEW YORK— New York billionaire Michael Bloomberg urged world leaders not to follow President Donald Trump's lead on climate change and declared his intention to help save an international agreement to reduce carbon emissions. He said there was no political motive tied to last week's release of his new book, "Climate of Hope: How Cities, Businesses, and Citizens...

  • The Uber app on a smartphone by waiting cabs in Barcelona.

    An encounter with Apple showed how Uber CEO Travis Kalanick has pushed risk-taking that's landed his company in hot water, The NYT reports.

  • WASHINGTON— President Donald Trump began promising to "drain the swamp" while campaigning, with his rally crowds often chanting along with him. In October he outlined a few proposals he said would get the drainage started: Clamping down on lobbying, fundraising and even the number of terms lawmakers can serve. Take Marcus Peacock, who served as a senior budget...

  • A drugmaker asked Arkansas officials not to purchase its products for executions months before the state accepted a third-party "donation" of potassium chloride as one of three drugs to use in lethal injections, according to letters obtained by The Associated Press. Fresenius Kabi USA wrote to Department of Correction Director Wendy Kelley and other...

  • WASHINGTON, April 20- President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an...

  • OSLO, April 20- A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen's Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday. The New York County Supreme Court's decision means that privately-owned BW Group, led by shipping tycoon Andreas Sohmen Pao, can proceed...