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Millionaires & Billionaires Billionaires

  • WASHINGTON, Jan 17- Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters. Data attained by Reuters through a Freedom of Information Act request shows that rescue...

  • KUALA LUMPUR, Jan 17- Warren Buffett's Berkshire Hathaway has won a licence to provide reinsurance services in Malaysia, the billionaire investor's group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Company said in a statement on Monday it has established an office in the Malaysian capital Kuala Lumpur to provide the...

  • KUALA LUMPUR, Jan 17- Warren Buffett's Berkshire Hathaway has won a license to provide reinsurance services in Malaysia, the billionaire investor's group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Company said in a statement on Monday it has established an office in the Malaysian capital Kuala Lumpur to provide the...

  • The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers' behalf that often gave investors a worse price for their trades, even when Citadel knew better prices existed elsewhere. The SEC penalized Citadel for failing to disclose the use of those algorithms to clients. "This affected millions of retail orders,"...

  • Bezos' $23 million house, and is Trump still a billionaire?

    CNBC's Robert Frank reports on Amazon Founder Jeff Bezos' new house purchase in Washington, D.C. And is Trump still a billionaire?

  • *Senior executives generally bullish on India, praise Modi. GANDHINAGAR, India, Jan 13- Business leaders from around the world attending an investment summit in the western Indian state of Gujarat this week cheered Prime Minister Narendra Modi's reforms, and said the disruption caused by his radical demonetisation move should be temporary.

  • NEW YORK, Jan 12 (Reuters- Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week. Terms of the settlement, including the specifics of the SEC's allegations and the amount of any fine, were...

  • The report, the first of its kind from the U.S. Department of Agriculture to examine the actual impact of ethanol, said the biofuel reduces greenhouse gas emissions by 43 percent relative to gasoline, significantly more than the 21 percent estimated by the Environmental Protection Agency in 2010.. The analysis, prepared for USDA by Washington consultancy ICF...

  • NEW YORK, Jan 12- The U.S. government on Thursday said that ethanol is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned. The analysis puts the emissions benefits at the high end of those outlined by the U.S. Department of Energy and...

  • President-elect Donald Trump continued holding meetings on Wednesday in New York as he prepared to take over the White House from Barack Obama on Jan. 20. *Investment banker, head of Ducera Partners, advising on Bayer-Monsanto merger. *New York- based media specialist involved with Bayer-Monsanto merger.

  • NEW YORK, Jan 11- "I like numbers," Warren Buffett says in an upcoming HBO documentary about his life. That life is now the subject of "Becoming Warren Buffett," which is being previewed for journalists this week ahead of its Jan. 30 airing on Time Warner Inc's HBO. President Richard Nixon and media mogul Oprah Winfrey, the documentary was largely narrated by Buffett and...

  • DUBAI, Jan 11- Saudi Arabia's flynas has struck a deal with Airbus to buy planes worth $8.6 billion, Kingdom Holding, which owns 34.1 percent of the budget carrier, said on Wednesday. Airbus finalized a deal to sell more than 60 jets to flynas, industry sources told Reuters on Tuesday, with one adding that the order was expected to cover more than 60 A320neo narrow body...

  • Jan 11- In April 2015, a sworn statement submitted in a Nevada lawsuit between rival casino moguls Steve Wynn and Japan's Kazuo Okada contained an unusual assertion. Its author said Wynn's head of security had asked to meet him in Japan and then persuaded him to travel to the United States to talk to federal agents pursuing a different matter: a criminal bribery...

  • *Italy's 5- Star group planning local law on using blockchain. LONDON/ NEW YORK, Jan 10- A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain- the technology that gave birth to the renegade digital currency bitcoin- out of cyberspace and into the real world in 2017.. For example, Italy's biggest opposition group, the 5-...

  • But as that plan falters, partly under the weight of China's corruption crackdown, Packer has taken cash out of the Crown Resorts business and pulled back in both Las Vegas and Macau in the past two months- unsettling even seasoned investors who say they need to know what the alternative is for the company. A series of technology investments by Packer, largely in...

  • WASHINGTON, Jan 10- When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China's accession to the World Trade Organization had unleashed a flood of textile imports across U.S. borders, and Ross- now...

  • *Italy's 5- Star group planning local law on using blockchain. LONDON/ NEW YORK, Jan 10- A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain- the technology that gave birth to the renegade digital currency bitcoin- out of cyberspace and into the real world in 2017.. For example, Italy's biggest opposition group, the 5-...

  • DUBAI, Jan 10- Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The A320neo sale would be Airbus's first in the Middle East since Qatar Airways refused deliveries in December 2015...

  • DUBAI, Jan 10- Airbus has finalized an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The A320neo sale would be Airbus's first in the Middle East since Qatar Airways refused deliveries in December 2015...

  • *May consider listing on either HK, Singapore or Tokyo bourse-CEO. Vietnam's only privately owned airline may consider listing on either the Singapore, Hong Kong or Tokyo bourses, CEO Nguyen Thi Phuong Thao, the nation's first female billionaire, told Reuters in an interview on Tuesday. "VietJet hopes to become Vietnam's first company to successfully go to the...