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Millionaires & Billionaires Billionaires

  • Dec 8- Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last month. Bronfman, former CEO of Warner Music...

  • Dec 9- Peet's Coffee& Tea, a longtime rival to Starbucks Corp, said on Friday it will invest $58 million to open a new coffee roasting facility in Suffolk, Virginia, to support its expanding business in an increasingly competitive environment. Peet's Chief Executive Dave Burwick told Reuters the new plant will create 135 new jobs and support the company's...

  • Tim Ferris' 'Tools of Titans: The habits and routines of billionaires

    Tim Ferriss, "Tools of Titans" author takes a look at the habits and daily routines of very successful people.

  • TOKYO, Dec 9- Japan's economy could face pressure from U.S President-elect Donald Trump's plan to withdraw the United States from a multinational trade deal and on any protectionism during the New York billionaire' s term of office, a Reuters poll of analysts showed. Thirty of 33 analysts in the Reuters poll said Trump's plans to withdraw the United States from...

  • drop@ SAO PAULO, Dec 8- Brazil's Bovespa stock index fell on Thursday, after two sessions of gains, while Mexican stocks rose 1.65 percent, as investors snapped up shares that had become attractively cheap after weeks of poor performance. Brazilian markets opened higher after the country's Supreme Court overturned an injunction ordering the indicted head of...

  • Dec 8- Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last month. Bronfman, former CEO of Warner Music...

  • NEW YORK, Dec 8- The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage. Sue Gross, who has featured in many of her husband's widely followed investment outlook letters, filed a petition on Nov. 22 in Los Angeles County Superior Court. After leaving Pimco, Gross joined Janus Capital Group Inc, where he runs...

  • President-elect Donald Trump plans to nominate Andrew Puzder, chief executive of fast-food chain operator CKE Restaurants Inc, as his choice for labor secretary, a source familiar with the matter said on Thursday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern...

  • President-elect Donald Trump plans to nominate Andrew Puzder, chief executive of fast-food chain operator CKE Restaurants Inc, as his choice for labor secretary, a source familiar with the matter said on Thursday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern...

  • President-elect Donald Trump plans to nominate Andrew Puzder, chief executive of fast-food chain operator CKE Restaurants Inc, as his choice for labor secretary, a source familiar with the matter said on Thursday. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as OneWest Bank and built it into Southern...

  • Dec 8- Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help find potential buyers or partners, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last month. Bronfman, former CEO of Warner Music Group,...

  • Icahn: Companies are afraid to invest because of red tape

    Billionaire investor Carl Icahn discusses the changes to regulatory agencies under President-elect Donald Trump as well as shareholder activism.

  • Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

    Billionaire investor Carl Icahn discusses the current rally in the markets and President-elect Donald Trump.

  • PARIS, Dec 8- Altice NV, the fourth-biggest cable operator in the United States, said on Thursday it was considering an initial public offering of a minority interest in its U.S. subsidiary Altice USA.. Altice USA was formed from the cable operators Suddenlink Communications and Cablevision Systems Corporation, which Netherlands- based Altice bought in 2015...

  • *If so, might have to compete with Russia's Summa group. MOSCOW, Dec 8- Russian billionaire Vladimir Lisin is selling a stake of around 1.5 percent in the country's largest steelmaker NLMK, which he controls, the bookrunner for the deal said on Thursday. Forbes magazine ranks Lisin as Russia's eighth richest businessman with a worth of about $9.3 billion.

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma Negra deal would involve the sale of a 40- percent stake.

  • MOSCOW, Dec 8- Russian billionaire Vladimir Lisin may sell part of his holding in the country's largest steelmaker NLMK, which he controls, three banking and industry sources told Reuters on Thursday. Lisin controls 85.5 percent of NLMK and Forbes magazine ranks him as Russia's eighth richest businessman worth about $9.3 billion. Lisin's representative...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • LONDON, Dec 8- British satellite company Inmarsat will switch to using Arianespace from rival SpaceX to launch a new satellite to provide broadband connectivity to air passengers, it said on Thursday. SpaceX has a backlog of more than 70 missions for NASA and commercial customers, worth more than $10 billion. Inmarsat plans to use the S-band satellite for...

  • MEXICO CITY, Dec 7- A consortium including billionaire Carlos Slim's building unit submitted the lowest bid on Wednesday in a tender for the terminal project at Mexico City's new $13 billion airport as the telecoms tycoon looks to edge out two rivals for the deal. The construction arm of Slim's Grupo Carso and his majority-owned FCC, submitted a bid of 84.8...