×

Millionaires & Billionaires Billionaires

  • President-elect Donald Trump said on Monday he would name retired neurosurgeon Ben Carson as secretary of the Department of Housing and Urban Development. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage...

  • BOSTON, Dec 5- Former hedge fund executive JP Miller launched an app on Monday for his startup news site Empire Report that is modeled on the Drudge Report and chronicles New York, its politicians, financiers and celebrities. There are other websites in Colorado, Connecticut and Pennsylvania that also look like the Drudge Report. The timing for Miller's site and...

  • NEW YORK, Dec 5- Nelson Peltz, the billionaire head of activist hedge fund Trian Fund Management, told CNBC on Monday that his firm began building a new position in a company about two weeks ago, but could not disclose the name of the company. President-elect Donald Trump's policies, and Trump's accusation that Mondelez has shipped jobs overseas, Peltz said that 75...

  • President-elect Donald Trump said on Monday he would nominate retired neurosurgeon Ben Carson, a presidential rival-turned-supporter to serve as Department of Housing and Urban Development secretary. *Jon Huntsman, former Republican Utah governor and ambassador to China under President Barack Obama, ran for 2012 Republican presidential nomination in...

  • *Dubai dragged lower by blue chips. *Egypt's OTMT dumped on CEO departure, North Korea setback. DUBAI, Dec 5- Most stock markets in the Gulf fell on Monday as the mood on global exchanged darkened because of the' No' vote in Italy's referendum on constitutional reform, while Egypt's most heavily traded stock sank on news its chief executive would step down.

  • SINGAPORE, Dec 5- Dublin- based AWAS has been put up for sale by its private equity owner in an auction that could value the aircraft lessor at $7 billion, including debt, and draw bids from Chinese lessors and other Asian investors, sources said. Terra Firma is working with Goldman Sachs to conduct the auction, and potential bidders have already been contacted, two...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • DUBAI, Dec 5- Shares in the Gulf may slip on Monday as the global market mood has turned negative after Italy voted' no' on constitutional reform, while shares in Egypt's Orascom Telecom could be hit by the surprise news that Naguib Sawiris is stepping down as chief executive. The euro has dropped to a 20- month low and investors are exiting riskier assets after...

  • *Li Ka-Shing's CKI rejected by Australia for earlier energy bid. SYDNEY, Dec 5- Hong Kong's Cheung Kong Infrastructure Holdings Ltd made a A $7.3 billion approach for Australian energy giant Duet Group, the target said, a sign CKI has not been deterred by a recent regulatory knockback Down Under. In August, the Australian government rejected a A $10 billion bid by...

  • CAIRO, Dec 4- Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy Tamer El Mahdi has been nominated as his successor, the company said on Sunday, without explaining his decision. "Naguib Sawiris has submitted his resignation from his position as CEO effective January 1st, 2017," Orascom Telecom Media and...

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • China lodged a diplomatic protest on Saturday after U.S. President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan.

  • *China blames "petty action" on Taiwan. President-elect Donald Trump spoke by phone with President Tsai Ing- wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10- minute telephone call with Taiwan's leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • *Bellamy warns supply glut hitting sales due to new China rules. SYDNEY, Dec 2- Infant formula maker Bellamy's Australia Ltd warned new import rules in China had created a supply glut that was hurting sales, sending its shares plunging more than 40 percent and sparking a broader sector sell-off. The new level of uncertainty hit shares in the sector hard as firms...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • President-elect Donald Trump said on Thursday he would name retired Marine Corps General James Mattis as defense secretary. Mattis is a retired Marine Corps general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a failed California mortgage lender in 2009, rebranded it as...

  • MEXICO CITY, Dec 1- Mexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds in office, it will be good news for Mexico, and that he would be more worried as an American than a Mexican about the next U.S. government. Then, a few days before the Nov. 8 election, Slim said Trump's plans could "destroy" the United States economy.

  • SAO PAULO, Dec 1- Brazilian police investigating alleged bribery of tax officials on Thursday raided Itaú Unibanco Holding SA, the latest bank to be swept up in the widening probe. Apart from Sao Paulo- based Itaú, the tax probe has targeted its peers, including Banco Bradesco SA and a money management firm controlled by billionaire Joseph Safra's Safra Group...