×

Millionaires & Billionaires Billionaires

  • *Investors wary of regulatory uncertainty in Israel. TEL AVIV, Oct 5- They once pulled the strings of Israel's economy, but now the country's most influential tycoons are reeling under a popular backlash against corporate power and selling assets in a regulatory squeeze. About a decade ago, as Israel's corporate debt market was just getting started, there was...

  • SAO PAULO, Oct 3- Brazil's BNDES, Latin America's largest development bank, said on Monday it will no longer finance coal-fired or oil-fired power plants in a push to discourage carbon-intensive energy projects. Brazil has financed big coal projects in the past, including a large 300- megawatt plant built by one of the companies controlled by former...

  • DUBAI, Oct 2- Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, said on Sunday it had sold the Four Seasons Hotel Toronto for a gross price of 225 million Canadian dollars. The property was sold to family investment vehicles related to Shahid Khan, Pakistani-American founder of automobile parts maker...

  • NEW YORK, Oct 1- Texas businessman Sam Wyly has agreed to pay $198.1 million to resolve claims by U.S. securities regulators that he engaged in a long-running securities fraud to hide trades in companies he controlled using offshore trusts, according to a court filing. The settlement is subject to approval by SEC commissioners and a federal bankruptcy judge in...

  • MADRID, Oct 1- Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, has bought one of Madrid's most famous skyscrapers for 490 million euros through his property investment arm, a source said. Pontegadea Inmobiliaria declined to comment on the reported purchase of the tower- known as " Cepsa Tower" after the oil refiner...

  • *Deputy PM says shelved Bashneft sell-off back on. SOCHI, Russia, Sept 30- Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump. But in a U-turn, Deputy Prime Minister Igor Shuvalov said on Friday steps to resume the...

  • *Deputy PM says shelved Bashneft sell-off back on. SOCHI, Russia, Sept 30- Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump. But in a U-turn, Deputy Prime Minister Igor Shuvalov said on Friday steps to resume the...

  • MILAN, Sept 30- The owner of Italian supermarket chain Esselunga, Bernardo Caprotti, has died at the age of 90, two sources close to the family said on Friday. Until then, he had been in talks over a possible sale of the group to private equity funds for up to 6 billion euros. The funds involved in the talks include Blackstone, CVC Capital Partners and BC Partners,...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-storey, heavily guarded home in central Milan, has been in talks with private equity funds...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-story, heavily guarded home in central Milan, has been in talks with private equity funds...

  • ABUJA, Sept 30- Nigeria's Dangote Cement has turned to locally-mined coal to fire its cement plants because of gas shortages due to militant attacks on Nigerian facilities and to lower its production costs. BUA Group, said it is also switching one of its plants in northern Nigeria to run on coal to fire its kiln to address fuel shortages. But gas shortages have...

  • Jesse Cohn, Elliott Management

    Elliott Management said it bought 8.1 percent stake in Mentor Graphics, calling on the company to pursue "strategic opportunities."

  • Dan Och

    Och-Ziff Capital Management will pay $412 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries.

  • *Elliott's stake comes months after Carl Icahn exited investment. Elliott's broad range of investments across the tech industry are overseen by portfolio manager Jesse Cohn, who also leads its private equity investing arm, Evergreen, based in Menlo Park, California. In June, it partnered with Francisco Partners to acquire Dell Inc's software assets in a deal...

  • Sept 29- Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries, U.S. authorities said on Thursday. In the first U.S. foreign bribery case against a hedge fund, Och-Ziff subsidiary OZ Africa Management GP LLC pleaded...

  • Sept 29- Activist hedge fund Elliott Management said it picked up an 8.1 percent stake in electronics hardware supplier Mentor Graphics Corp, a few months after Carl Icahn exited the company. The company's shares rose as much as 6.5 percent to $26.30 in after-market trading on Thursday. Elliott, founded by billionaire Paul Singer, said Mentor Graphics' shares...

  • BRASILIA, Sept 29- A ban on companies funding election campaigns in Brazil that was meant to clean up politics amid the worst graft scandal in decades is instead helping wealthy businessmen and candidates backed by evangelical churches to dominate major races at Sunday's city elections. "Ending corporate donations has, in fact, favored rich candidates who...

  • ABUJA, Sept 29- Nigeria's Dangote Cement has turned to locally-mined coal to power its plants in a bid to end disruptions caused by gas shortages and lower its production costs. However, gas shortages have plagued the West African nation, with militants in the oil heartland of the Niger Delta regularly disrupting Nigeria's oil and gas production.

  • BERLIN, Sept 29- Closing the gap on clear market leader Nike is the challenge facing new Adidas boss Kasper Rorsted when the Dane takes charge of the world's second biggest sportswear brand from the start of October. Ingo Speich, a fund manager at Adidas shareholder Union Investment, said he hopes Rorsted will scrutinise the Adidas product portfolio and its...

  • Sept 28- Solar panel installer SolarCity Corp, which is in the process of being bought by Tesla Motors Inc, named Radford Small chief financial officer, replacing Tanguy Serra. Elon Musk is chairman of SolarCity and chairman and chief executive of Tesla. Earlier this month, SolarCity raised $305 million by selling future cash flows from a portfolio of solar...