Millionaires & Billionaires Billionaires

  • Sept 14- AC Immune, the Swiss biotech company working on treatments for Alzheimer's disease, has set the pricing band for its keenly awaited U.S. initial public offering, valuing the firm at about $700 million, at the top end of the range. AC Immune, which filed to go public in May, said it would offer 4.55 million common shares at an estimated price range of $11 to $13 per...

  • NEW YORK, Sept 13- Billionaire investor Carl Icahn continued to throw his support behind the Republican U.S. presidential candidate on Tuesday, saying Donald Trump would reduce the regulation of U.S. companies. "If you look ahead three years, this economy will be a lot better if Trump gets elected" rather than Democratic candidate Hillary Clinton, Icahn said,...

  • Sept 13- AC Immune SA on Tuesday set the pricing range for its keenly awaited U.S. initial public offering, valuing the Swiss biotech firm at about $700 million at the top end of the range. AC Immune, which filed to go public in May, said it would offer 4.55 million common shares at the estimated price range of $11 to $13 per share. AC Immune, which is backed by German...

  • NEW YORK, Sept 13- Billionaire investor Carl Icahn continued to throw his support behind the Republican U.S. presidential candidate on Tuesday, saying Donald Trump would reduce the regulation of U.S. companies.

  • NEW YORK, Sept 13- More financial executives are decamping to Florida for lower taxes, real estate investor Barry Sternlicht said on Tuesday, revealing that he is one of those who recently made the move. "There's a massive exodus from Connecticut," Sternlicht said, naming himself and billionaire hedge fund manager Paul Tudor Jones as the most high-profile recent...

  • Sept 13- Activist investor Carl Icahn, the third-largest shareholder in Freeport McMoran Inc, said on Tuesday he endorsed the U.S. miner's efforts to reduce debt and explore strategic alternatives. Icahn's comments come a day after Freeport said it would sell its deepwater Gulf of Mexico oil and natural gas assets to Anadarko Petroleum Corp for $2 billion in a...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometres of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometres of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometers of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometers of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • ROME/ MILAN, Sept 12- The 90- year old founder of Italian supermarket chain Esselunga is considering a sale of the group and has picked Citigroup as adviser to assess expressions of interest from private equity funds, two sources close to the matter said on Monday. One of the sources said that CVC Capital Partners and Blackstone had expressed interest in Italy's...

  • *Bicycle company says Berkshire illegally diverted premiums. *Berkshire does not immediately provide comment. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin.

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc, on Monday said it had raised $305 million by selling the future cash flows for a portfolio of solar projects to a fund advised by billionaire investor George Soros' hedge fund. Shares of the company, which is backed by Tesla founder Elon Musk, were up 7.4 percent at $18.00 in...

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc, said it had raised $305 million in a cash equity transaction advised by billionaire investor George Soros' hedge fund. Shares of the company, which is backed by Tesla founder Elon Musk, were up 6.6 percent at $17.89 in afternoon trading on Monday. A private investment fund...

  • CAPE CANAVERAL, Fla., Sept 12- Jeff Bezos on Monday unveiled a heavy-lift reusable rocket expected to compete against Elon Musk's SpaceX and other companies for commercial satellite launches before the end of the decade. Bezos' Kent, Washington- based Blue Origin space company is designing two versions of the rocket, named New Glenn, a nod to John Glenn, the first...

  • BEIJING, Sept 10- When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman, in Beijing this week to launch the program at the newly built Schwarzman College at Tsinghua...

  • BEIJING, Sept 10- When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman, in Beijing this week to launch the program at the newly built Schwarzman College at Tsinghua...

  • Sept 9- Bond fund manager Bill Gross on Friday said Pacific Investment Management Co and its lawyers should be punished for unfairly impeding him from pursuing his $200 million lawsuit against the asset management firm, which he co-founded. In a court filing, Gross accused Pimco of "willful and bad-faith obstruction" of his efforts to gather evidence to which he...

  • CAPE CANAVERAL, Fla., Sept 9- SpaceX founder and chief Elon Musk said on Friday he was unsure why one of the company's Falcon rockets burst into flames on its Florida launch pad last week, destroying both the rocket and an Israeli communications satellite it was due to lift into orbit. Turning out to be the most difficult and complex failure we have ever had in 14 years, "...

  • Facebook co-founder gives $20M to block Trump

    Dustin Moskovitz calls the Republican presidential candidate divisive and dangerous.