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  • Aug 4- Hyatt Hotels Corp reported a lower-than-expected quarterly profit, hurt by lower revenue from its owned and leased hotels and a loss from its hospitality ventures, sending its shares down more than 3 percent in early trading. "We expect operating performance at our hotels in the United States to remain strong from continued economic growth and strong...

  • How this billionaire investor plays China volatility Tuesday, 4 Aug 2015 | 6:44 AM ET
    China stock prices

    China's rocky stock market ride can benefit private equity players as companies seek funding from other sources, David Rubenstein says.

  • LONDON, Aug 3- Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied ahead of U.S. economic indicators that could bolster expectations for a hike in U.S. interest rates soon. Spot gold was down 0.3 percent at $1,093 an ounce by 0928 GMT. Gold's rout deepened last month as the dollar strengthened after comments by the Federal...

  • MANILA, Aug 3- Gold edged lower early on Monday, trading near a 5-1/ 2- year low, as expectations for a near-term hike in U.S. interest rates kept up the downward pressure after bullion fell the most since 2013 in July. *Spot gold was down 0.2 percent at $1,092.80 an ounce by 0019 GMT. That was near last month's trough of $1,077, its weakest since February 2010.

  • Koch launches broadside against corporate cronyism Sunday, 2 Aug 2015 | 1:30 PM ET
    David and Charles Koch

    Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.

  • Paulson, in his first public comments since the recent price crash, said his firm, Paulson& Co. Inc., has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold. While Paulson's hedge fund was the single largest investor in the SPDR Gold Trust at the end of the first quarter, the position, now worth about $1.05...

  • NEW YORK, July 31- A New York judge has narrowed the scope of a $100 million defamation lawsuit filed by billionaire hedge fund manager Louis Bacon against Canadian fashion designer Peter Nygård, part of a bitter dispute over neighboring properties they own in the Bahamas. In a decision made public on Friday, Justice Cynthia Kern in State Supreme Court in...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a 51 percent stake in its tower unit, attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier and headed by...

  • July 30- Virgin America Inc, a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting. Dallas, which accounts for 12 percent of Virgin America's total capacity, is the hometown of No. 1 U.S. airline American Airlines Group Inc and Southwest...

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • July 29- A federal judge has dismissed a lawsuit accusing Herbalife Ltd and its chief executive officer of misrepresenting the weight-loss and nutritional products maker's sales practices as legitimate when the company was "at its core" a pyramid scheme. The judge also said that CEO Michael Johnson's reducing his Herbalife stake by a net 12 percent over...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • NEW YORK, July 28- Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. In his first public appearance since his transition, the outspoken former regulator...

  • Private jet upgrade? Some Delta fliers score big Tuesday, 28 Jul 2015 | 5:06 PM ET
    Delta private jet

    Delta Air Lines will soon begin offering a new upgrade option to select fliers that will land them a seat on a private jet.

  • CAPE CANAVERAL, Fla., July 28- Federal investigators cited inadequate training of test pilots by a Northrup Grumman Corp subsidiary on Tuesday as a leading factor behind last year's fatal crash of an experimental Virgin Galactic passenger spaceship over the Mojave Desert. The premature unlocking of the hinged tail section on Virgin Galactic's SpaceShipTwo...

  • NEW YORK, July 27- Allergan plc CEO Brent Saunders is ready to put the $36 billion his company will net from the sale of its generics business to Teva Pharmaceutical Industries Ltd to work, possibly with another large, "transformational" merger. As head of Actavis, he then sealed a $66 billion purchase of Botox-maker Allergan, beating out rival suitor Valeant...

  • PARIS, July 27- French telecoms tycoon Patrick Drahi, who already has stakes in newspaper Liberation and magazine L'Express, has reached a deal with the owners of BFM TV which will give him control over the leading French news-only TV channel. Weill and Altice will set up a new holding company in which Weill will hold a 51 percent stake and which he will chair, but...

  • JOHANNESBURG, July 27- From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets. Private equity deals in Africa totalled $8.1 billion last year, the second highest on record after the $8.3 billion posted in 2007,...

  • SYDNEY, July 27- Billionaire Gina Rinehart has bought a West Australian cattle station, further expanding into the country's farm sector with a deal that positions the mining magnate to profit from a recent Australian live cattle-export agreement with China. Rinehart, the richest person in Australia, completed the purchase of the Fossil Downs cattle station...