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Millionaires & Billionaires Billionaires

  • Jan 19- Las Vegas Sands Corp agreed to pay a $6.96 million criminal penalty to end a U.S. Department of Justice probe into whether it violated a federal anti-bribery law by paying a consultant to help it do business in China and Macau. In a statement on Thursday, the Justice Department said the casino operator run by billionaire Sheldon Adelson also entered a...

  • NEW YORK, Jan 19- Hollywood mogul David Geffen's $70 million purchase of an oceanfront estate topped luxury home sales last year in New York's Hamptons, but a sharp price drop after the No. 2 spot reveals a dismal year, a local brokerage reported on Thursday. A $63.8 million sale of another oceanfront property in East Hampton, New York, to liquefied natural gas...

  • Jan 19- The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. "Right now uncertainty is at the peak," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. Soros, who founded Soros Fund Management LLC and now is chairman of the New York- based...

  • "Right now uncertainty is at the peak, and actually uncertainty is the enemy of long-term investment, so I don't think the markets are going to do very well," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. Stocks in the United States shot up after Trump's Nov. 8 election victory, which also gave his...

  • "Right now uncertainty is at the peak and actually uncertainty is the enemy of long-term investment so I don't think the markets are going to do very well," Soros told Bloomberg News at a dinner at the World Economic Forum in Davos, Switzerland.

  • BILLIONAIRE INVESTOR GEORGE SOROS SAYS EUROPE IS NOT GOING TO DISINTEGRATE- BBG TV.

  • Donald Trump speaks at the USA Thank You Tour event at the Wisconsin State Fair Exposition Center in West Allis, Wisconsin, U.S., December 13, 2016.

    CNBC's Robert Frank takes a look at the five wealthiest U.S. presidents.

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • ATHENS, Jan 19- The Bank of Cyprus expects modest profitability in the coming quarters and will not pay a dividend this year, its chief executive said on Thursday, speaking as its shares were listed on the London Stock Exchange. Run by high-profile veterans of the European banking crisis, with former Royal Bank of Scotland executive John Hourican its CEO and...

  • The partnership, Humanity Ventures, stems from a pledge Soros made in September to earmark up to $500 million for investments to address challenges facing migrants and refugees. Humanity Ventures intends to focus initially on healthcare and education, with a goal of fostering local economic development and entrepreneurship. With the creation of Humanity...

  • Commerce Secretary will not affect his investment fund's shareholdings in the Bank of Cyprus, WL Ross fund management company said on Thursday. Responding to media speculation about WL Ross fund holdings in Bank of Cyprus group and Wilbur Ross's role as vice-chairman of the bank, his company said it would remain "actively involved" with the bank.

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • NEW YORK, Jan 18- Donald Trump's Indonesian business partner dismissed concerns by ethics officials that the U.S. president-elect's companies' overseas business deals might be vulnerable to conflicts of interest in an interview on Wednesday. Hary Tanoesoedibjo, 51, is the billionaire chairman and chief executive of MNC Group, which is constructing two...

  • *Dollar rises after hitting lowest since Dec. 8. NEW YORK, Jan 18- The dollar rose on Wednesday, boosted by comments from Federal Reserve Chair Janet Yellen that suggested the U.S. central bank was ready to raise overnight interest rates quickly in the coming year. It fell to its lowest since Dec. 8 on Tuesday.

  • **HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month. **German carmaker Volkswagen said it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to...

  • President-elect Donald Trump's choice for commerce secretary, voiced sharp criticism of China's trade practices on Wednesday, telling senators he would seek new ways of combating them. Ross, who made his fortune turning around troubled companies in steel, auto parts, textiles and other industries, called China the "most protectionist" country among large...

  • WASHINGTON, Jan 18- Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump's choice to lead the Environmental Protection Agency, said on Wednesday he would honor the intent of the U.S. biofuels program, but remained open to tweaking it. The Renewable Fuel Standard requires the EPA set annual quotas for the use of ethanol and biodiesel in...

  • WASHINGTON, Jan 18- Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration's first trade priority, U.S. He did not discuss Trump's threats to levy punitive tariffs on Chinese goods imported into the United States but said countries that fail to provide a fair trading field should be "severely punished."

  • Jan 18- The foundation created by billionaire Bill Gates and his wife Melinda plans to sell 60 million Class B shares of Berkshire Hathaway Inc donated by Warren Buffett, reflecting the fellow billionaire's desire that proceeds be spent on charitable works. In a regulatory filing on Tuesday, the Bill& Melinda Gates Foundation said the sales would occur from...

  • WASHINGTON, Jan 17- President-elect Donald Trump's nominee for U.S. commerce secretary, Wilbur Ross, will tell senators on Wednesday he is not "anti-trade" but that the United States should not put up with malicious practices or unfair subsidies from foreign trading partners. The 79- year-old billionaire investor said in his prepared opening statement that...