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Millionaires & Billionaires Billionaires

  • SAO PAULO, Dec 23- Orascom TMT Investments SARL will have two of nine seats on Oi SA's board if its binding offer to buy the Brazilian telephone carrier succeeds, Karim Nasr, the executive who is leading the talks, said in an interview on Friday. The presence of Orascom, a conglomerate owned by Egyptian billionaire Naguib Sawiris, is "not about controlling the board,"...

  • NEW YORK/ WASHINGTON/ BOSTON, Dec 23- U.S. chief executives, already wrestling with a steady flow of activist investors in their board rooms, face a newly challenging landscape now that the loudest voice of the bunch will have the ear of the next president and his securities' rule makers. The advisory role granted to billionaire investor Carl Icahn by...

  • MOSCOW, Dec 23- Russian mobile operator Megafon has agreed to pay $740 million to buy a controlling stake in internet group Mail.ru from billionaire Alisher Usmanov, who is an investor in both companies. Megafon is Russia's second biggest mobile company. Mail.ru, which owns the three largest Russian-language social networks and an online games business, also...

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • Dec 22- Goldman Sachs Group Inc named former chair and chief executive officer of E.I. du Pont de Nemours and Co Ellen Kullman to its board of directors, according to a filing made public on Thursday. Kullman, who retired from the chemical company in 2015, becomes an independent director of the Wall Street firm effectively immediately. Kullman had served as...

  • Q3 GDP growth 3.5 pct vs estimated 3.3 pct. Dec 22- U.S. stocks fell on Thursday, weighed down by weakness in retailers, as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump will invigorate economic growth. Following a sharp rally since the Nov. 8 U.S. election, the Dow is up about 14 percent for the year and the S&P 500 is 11...

  • NEW YORK, Dec 22- Stock markets around the globe dipped and U.S. equities posted their first back-to-back daily declines of the month on Thursday as the rally that has sent Wall Street shares to record highs since Donald Trump's U.S. election victory paused ahead of the Christmas holiday weekend. Some investors believe recent gains may have made stocks too...

  • Dec 22- U.S. stocks fell on Thursday as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump will invigorate economic growth. Some investors believe that recent gains may have made stocks too expensive, and that Congress may water down or prevent major infrastructure spending or tax cuts proposed by Trump.

  • WASHINGTON, Dec 22- Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn refused to speculate on candidates he would recommend to lead the U.S. Securities and Exchanges...

  • PARIS/ ROME, Dec 22- Vivendi raised its stake in Mediaset further on Thursday, to 28.8 percent, while Italian politicians voiced their concerns over what the French media group's intentions might be regarding the Italian TV broadcaster. The move has angered Italy's government and escalated a spat between the two companies, which started after Vivendi...

  • Air Force One sits ready for boarding on the tarmac at Joint Base Andrews in Maryland U.S. December 6, 2016, the same morning that U.S. President-elect Donald Trump urged the government to cancel purchase of Boeing's new Air Force One plane saying it was "ridiculous" and too expensive.

    U.S. President-elect Donald Trump extracted a promise from Boeing's CEO that the cost of replacing Air Force One would not exceed $4 billion.

  • Dec 21- Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called "excessive regulation" on U.S. businesses, the president-elect's transition team announced on Wednesday. Icahn, an early supporter of Trump's White House bid who has at times been outspoken about regulation, has already helped the transition team weigh...

  • President-elect Donald Trump extracted a promise from Boeing Co's chief executive on Wednesday that the cost of replacing Air Force One would not exceed $4 billion, his latest move to use the bully pulpit to pressure companies to help advance his economic agenda. It's a program that's very, very expensive, "Trump told reporters after meeting with the CEOs and a...

  • President-elect Donald Trump on Wednesday named Peter Navarro, an economist who has pushed a hard line on China, to head a newly formed White House National Trade Council, the transition team said in a statement. Senate confirmation is required for all the posts except national security adviser, White House chief of staff, directors of the White House National...

  • President-elect Donald Trump on Wednesday named Peter Navarro, an economist who has pushed a hard line on China, to head a newly formed White House National Trade Council, the transition team said in a statement. Senate confirmation is required for all the posts except national security adviser, White House chief of staff, directors of the White House National...

  • President-elect Donald Trump on Wednesday named Peter Navarro, an economist who has pushed a hard line on China, to head a newly formed White House National Trade Council, the transition team said in a statement. Senate confirmation is required for all the posts except national security adviser, White House chief of staff, directors of the White House National...

  • Dec 21- Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called "excessive regulation" on U.S. businesses, the president-elect's transition team announced on Wednesday. Icahn has been helping the Trump team weigh candidates to be the next chairman of the Securities and Exchange Commission, people familiar with the...

  • PALM BEACH, Fla., Dec 21- U.S. The Republican met with Dennis Muilenburg of Boeing Co and Marillyn Hewson of Lockheed Martin Corp at Trump's Mar-a-Lago resort in Palm Beach, Florida, where he is spending Christmas. It's a program that's very, very expensive, "Trump told reporters after meeting with the CEOs and a dozen Pentagon officials involved with defense...

  • Dec 21- Billionaire investor Carl Icahn will be named as a special adviser to the president on regulatory issues, U.S. President-elect Donald Trump's transition team said on Wednesday. Icahn will be playing a central role in selecting the next chairman of the Securities and Exchange Commission, the Wall Street Journal reported earlier on Wednesday, citing...

  • President-elect Donald Trump on Wednesday named Peter Navarro, an economist who has urged a hard line on China, to head a newly formed White House National Trade Council, the transition team said in a statement. The New York businessman, who takes office on Jan. 20, has also threatened to hit Chinese imports with high tariffs and angered Beijing by questioning...