The court in São Paulo is due to decide on the appeal by Nordic Trustee ASA to overturn a February ruling that the $500 million mortgage registered in Liberia is invalid for the OSX3 floating production, storage and offloading vessel, or FPSO, owned by a subsidiary of OSX Brasil SA. The OSX3 FPSO is owned by OSX3 Leasing BV, the OSX Brasil unit that is also under... » Read More
*Brent crude near 7- year lows after OPEC's meeting last week. *Keurig soars on $13.9 bln buyout offer. Dec 7- Wall Street was lower at the open on Monday as Brent crude prices fell to their lowest in nearly seven years after OPEC's meeting ended last week without a reference to its output ceiling.
*Brent crude edges to 2015 lows after OPEC's meeting last week. Brent crude prices was just a whisker away from their 2015 lows on Monday after OPEC's meeting ended last week without a reference to its output ceiling. "At this moment, a rate hike is a foregone conclusion and if the Fed misses the opportunity to raise again next week, it will reintroduce uncertainties...
The first reality is that growth has slowed in China by more than the resource companies, and indeed most market analysts, expected when investment decisions on expanding capacity were made about five years ago. Previously it was all about China, and that country's forecast appetite for the commodities most associated with industrialization.
BOSTON, Dec 4- Billionaire investor Carl Icahn reported on Friday that he now owns 12.12 percent of auto parts company Pep Boys-Manny, Moe& Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. The move comes less than two months after Pep Boys agreed to sell itself to...
*Adidas, struggling keep pace with Nike, searches for new CEO. LONDON/ BERLIN, Dec 4- Egyptian tycoon Nassef Sawiris has formed a partnership with U.S. investor Mason Hawkins and his colleagues at Southeastern Asset Management to drive change at companies they invest in- and they have sportswear firm Adidas in their sights. It could set its sights on Germany's...
A U.S. lawsuit raises new questions about the competence of Sumner Redstone and his ability as executive chairman of to run Viacom and CBS.
A Chinese man can now likely get free flights for the rest of his life after putting $170 million on his black Amex.
Ron Bruder, Education for Employment founder and Chair, discusses one strategy to potentially fixing the problem of terrorism by providing economic opportunity in the Middle East, something he's been doing for nine years.
Cable TV company acquires UK telecoms group with operations in the Caribbean, for stock and a special dividend worth $5.3 billion.
At an event honoring Buffett's 50 years at Berkshire Hathaway, Bill Ackman openly criticized Buffett for his stake in Coca-Cola.
Simon Smiles, UBS Wealth Management, discusses central bank policies and niche investment strategies for the wealthy.
Trump files his first campaign finance report with the Federal Election Commission.
CNBC's Robert Frank reports there are at least 20 homes in the U.S. priced at $100 million or more, but few are selling. Bravo's Million Dollar Listing San Francisco star Justin Fichelson, provides perspective.
CNBC's Robert Frank reports a number of $100 million homes have come on the market recently but few are selling and some are dropping the asking price.
AMC Networks was in preliminary talks to buy billionaire John Malone's premium TV cable network Starz, Bloomberg reported.
China's rocky stock market ride can benefit private equity players as companies seek funding from other sources, David Rubenstein says.
Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.
Herbalife filed a petition seeking information from Twitter to identify an anonymous user who posted defamatory tweets.
Ben Mezrich, New York Times best-selling author, discusses how two Russian billionaires helped bring Vladimir Putin to power.
Bloomberg says that CEO and chairman of JPMorgan Jamie Dimon is now worth over $1 billion. CNBC's Robert Frank reports.