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Millionaires & Billionaires Billionaires

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • ISTANBUL, Nov 29- The decade-long struggle over control of Turkcell, Turkey's top mobile network operator, took another turn on Tuesday when Russian billionaire Mikhail Fridman said he was unable to buy a disputed stake from his Turkish rival. Turkcell has been hampered by the protracted feuding between three of its shareholders- Fridman, the company's...

  • Republican Representative Tom Price, an orthopedic surgeon from Georgia, will be Health and Human Services secretary, and consultant Seema Verma will lead the Centers for Medicare and Medicaid Services, a powerful agency that oversees government health programs and insurance standards, Trump said in a statement. Price, 62, is an orthopedic surgeon who heads...

  • NEW YORK, Nov 28- U.S. stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week. U.S. stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up nearly 3 percent,...

  • NEW YORK, Nov 28- U.S. stocks fell modestly on Monday, weighed down by declines in the financial and consumer discretionary sectors, as some investors booked profits on the heels of a record-setting week. U.S. stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up 3.7 percent, as investors expect his plans to boost...

  • Nov 28- Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access...

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. The S&P 500 has jumped 3.4 percent since Nov. 8, while the small-cap Russell 2000 has soared 11.9 percent.

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks were lower on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in after a record-setting week. The dollar had been on a tear on expectations that President-elect Donald Trump's infrastructure spending plans would boost inflation.

  • WASHINGTON, Nov 28- The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left in place the imprisoned Stanford's appeal of an October 2015 ruling by the...

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks looked set to open lower on Monday, after the three major indexes extended their post-election rally and closed at record highs last Friday. Investors also awaited a referendum on constitutional reform in Italy on Sunday.

  • Nov 28- Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access...

  • Nov 28- Time Inc, the publisher of People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman Jr. offered $18 per share, the Post reported, valuing Time Inc at $1.78 billion. New York- based Time Inc could not immediately be reached for comment.

  • *YNAP, Dubai billionaire Alabbar plan joint venture. DUBAI, Nov 28- Italian online fashion retailer Yoox Net-A-Porter Group and Dubai- based billionaire Mohamed Alabbar said on Monday they will form a 130 million euro luxury retail business in the Middle East. Alabbar bought into a 100 million euro capital increase by YNAP through his Alabbar Enterprises, which...

  • LOS ANGELES, xxxxxx- Disney's "Moana" sailed to the top of the Thanksgiving box office, earning a mighty $81.1 million over the five day holiday period and $55.5 million for the weekend. Disney distribution chief Dave Hollis said that the success of "Moana" and others like it justified the company's decision to make fewer films, while taking bigger bets.

  • CARACAS, Nov 25- Running short of raw materials in mid-2015, Venezuela's two biggest beer makers Polar and Regional publicly chided the socialist government for delays in releasing foreign currency to import hops, barley and tin for cans. Their stance in a joint communique angered President Nicolas Maduro's administration, which allocates dollars to...

  • U.S. President-elect Donald Trump arrives at the the main clubhouse at Trump National Golf Club in Bedminster, New Jersey, U.S., November 19, 2016.

    Trump holds stock in the company building the disputed Dakota Access oil pipeline, and pipeline opponents warn that Trump's investments could affect any decision he makes.

  • MADRID, Nov 24- Spain's Banco Popular has given its backing to Chairman Angel Ron and his plan to separate off the bank's problem property assets even though Ron is under pressure from shareholders who are unhappy with the scheme. In June, Popular raised 2.5 billion euros via a share issue to clean up its property asset portfolio and announced provisions which it...

  • *Fiat Chrysler urges voters to back Italy premier. CASSINO, Italy, Nov 24- One of Italy's foremost business leaders, the CEO of Fiat Chrysler Automobiles, warned on Thursday of serious damage to the country's image if voters rejected constitutional reform in a forthcoming referendum. "I think it is completely unnecessary for Italy to risk that exposure," he said,...

  • NEW DELHI, Nov 24- Indian billionaire Sajjan Jindal's steel-to-power JSW Group plans to diversify into electric car manufacturing, two sources told Reuters, as Prime Minister Narendra Modi's government boosts support for non-polluting vehicles. Electric vehicles that use expensive batteries have failed to take off in cost-conscious and...