MADRID, April 5- Mexican billionaire Carlos Slim already has majority control of Spanish building and infrastructure company FCC before a full takeover bid is formalised, Spain's stock market regulator said on Tuesday. In a statement, the regulator said because Slim had lent money to FCC's second-biggest shareholder Esther Koplowitz, who owns 22.5 percent...
Depositions of Viacom Chief Executive Officer Philippe Dauman and Sumner Redstone's daughter Shari Redstone, which were scheduled for Tuesday and Wednesday, have been postponed, one of the sources said. The case, brought by Redstone's ex-girlfriend Manuela Herzer, has raised questions about the billionaire businessman's role in decision-making at...
April 5- Lawyers for Viacom Inc Chairman Emeritus Sumner Redstone are in talks to settle a lawsuit challenging the 92- year-old media mogul's mental competency, people familiar with the situation said on Tuesday. Depositions of Viacom Chief Executive Officer Philippe Dauman and Sumner Redstone's daughter Shari Redstone, which were scheduled for Tuesday...
April 5- Representatives of Viacom Inc Chairman Emeritus Sumner Redstone are in settlement talks related to a lawsuit challenging the 92- year-old media mogul's mental competency, the Wall Street Journal reported, citing people familiar with the matter. The litigation has been suspended pending the settlement talks, the Journal reported.
Pimco said Bill Gross' abusive conduct and effort to sabotage colleagues he deemed disloyal gave it "good cause" to oust him, reported Reuters
April 4- Pacific Investment Management Co said former bond manager Bill Gross' abusive conduct and effort to sabotage colleagues he deemed disloyal gave it "good cause" to oust him, and not pay any of the more than $200 million of damages he now seeks in a lawsuit. In a Monday filing with the California Superior Court in Santa Ana, Pimco also said Gross acted...
*India's banks hold record bad loans in absolute numbers. MUMBAI, April 5- Global distressed asset buyers such as J.C. Flowers& Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Foreign firms have been similarly attracted to China, which has also seen an explosion in bank bad loans,...
CNBC's Robert Frank looks at some of the billionaire names implicated in the Panama Papers leak.
Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...
CNBC's Robert Frank looks at the state of off-shore accounts by the world's billionaires in the wake of the the Panama Papers leak.
The billionaire investor adjusted his battered hedge fund portfolio when he sold 20 million shares of snack maker Mondelez International.
Following the stock picks of billionaire investors has never been easier, but it's getting harder to figure out if the approach will pay off.
Luisa Kroll, Forbes senior wealth editor, discusses Donald Trump's ranking in the Forbes is out with its "2016 List of the World's Richest People."
Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less.
Sumner Redstone was under "undue influence" from people around him, his ex-girlfriend argued in a court filing on Thursday.
Billionaire investor Bill Ackman told investors that he made mistakes last year in not cutting two big positions.
A California judge on Friday ruled that Viacom Executive Chairman Sumner Redstone can be examined by a doctor hired by Redstone's ex-girlfriend.
The billionaire investor says the slowdown in China is inflicting its problems on the rest of the world.
Metersbonwe, one of China's top brands, said in a statement to the Shenzhen stock exchange on Friday that founder Zhou Chengjian was back at work.
The founder of Metersbonwe, one of China's best-known fashion brands, has gone missing.