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  • JOHANNESBURG, April 16- South African investment house Brait SE is to pay $1 billion for a controlling stake in gym group Virgin Active, Brait said on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia. The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC...

  • The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC Capital Partners, has 267 gyms across nine countries including South Africa, home to the largest number of Virgin Active clubs, Thailand and Britain. Brait has proposed to take an 80 percent stake in Virgin Active for 682 million pounds, valuing the gym chain...

  • INSIGHT-London stakes its claim as global bitcoin hub Wednesday, 15 Apr 2015 | 12:33 PM ET

    *Bitcoin backers say UK attitude makes London attractive. *World's biggest bitcoin networking group is London- based. LONDON, April 15- London, centre of the $5- trillion- a-day global currency market, now wants to be home to a controversial upstart- bitcoin.

  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • *Commercial space economy valued at $250 billion. HAIFA, Israel, March 4- Israel is embarking on a five-year mission to stake its claim on a crowded new frontier, the $250 billion a year commercial space market. China plans to build its own space station by 2022, and Google co-founder Larry Page is backing an asteroid mining company.

  • NEW YORK, March 2- Honeywell International Inc said on Monday it has teamed up with satellite internet startup OneWeb Ltd to expand the high-speed data services it offers to aircraft. Honeywell already supplies some services through satellite providers such as Iridium Communications Inc and Inmarsat Plc. But the faster speeds and low latency that OneWeb...

  • WASHINGTON, Feb 5- A group of high-profile CEOs on Thursday called on world leaders to agree to bring the balance of greenhouse gas emissions to zero by mid-century in a global climate change deal to be finalized in Paris in December. The leaders of B Team, a coalition about 12 CEOs and policymakers including Virgin founder Richard Branson, Unilever chief Paul...

  • CEOs call for zero emissions goal in Paris climate deal Thursday, 5 Feb 2015 | 12:00 AM ET

    WASHINGTON, Feb 5- A group of high-profile CEOs on Thursday called on world leaders to agree to bring the balance of greenhouse gas emissions to zero by mid-century in a global climate change deal to be finalized in Paris in December. The leaders of Team B, a coalition about 12 CEOs and policymakers including Virgin founder Richard Branson, Unilever chief Paul...

  • Face to Face: Richard Branson and will.i.am   Wednesday, 21 Jan 2015 | 6:00 PM ET
    Face to face: Richard Branson and will.i.am

    Richard Branson and will.i.am join us in our latest "Face to Face" conversation in Davos to discuss their career paths, what motivates them, and the one electronic device they can't give up.

  • If you could be any other CEO, who would you be? Friday, 16 Jan 2015 | 12:14 PM ET
    Tesla Motors CEO Elon Musk speaking in Detroit, January 13, 2015.

    At the J.P. Morgan Healthcare Conference, executives name the CEOs they'd most like to replace.

  • CAPE CANAVERAL, Fla., Jan 15- Richard Branson's Virgin Group and Qualcomm Inc will invest in a venture to build and fly a constellation of 648 satellites that can provide high-speed, global Internet access, company officials said on Thursday. Some of the spacecraft will be launched by Virgin's spaceflight company, Virgin Galactic, which is developing a...

  • Biogen exec says he would trade places with Musk   Thursday, 15 Jan 2015 | 8:15 AM ET
    Healthcare execs' favorite CEOs

    Healthcare industry executives name the CEOs they'd be most willing to trade places with.

  • SAN FRANCISCO, Dec 10- Doctor On Demand is the latest Silicon Valley startup to bet that people will turn to mobile devices for confidential counseling. The Doctor On Demand app is available on mobile devices with both Google Inc's Android and Apple Inc's iOS platforms. It has raised $24 million from such venture firms as Andreessen Horowitz and Google Ventures,...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • Virgin America's Nasdaq debut   Friday, 14 Nov 2014 | 10:31 AM ET
    Virgin America's Nasdaq debut

    CNBC's Simon Hobbs speaks to David Cush, Virgin America president & CEO, about their Nasdaq debut and if the crash of Virgin Galactic spacecraft disrupted their IPO roadshow.

  • Virgin America shares jump 24.3 pct in debut Friday, 14 Nov 2014 | 10:08 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, rose as much as 24.3 percent in their trading debut, valuing the company at about $1.24 billion. Virgin America's initial public offering of 13.3 million shares raised about $307 million, with the company retaining a major portion of the proceeds. The offering was priced at...

  • Virgin America will be solid, small airline: Expert

    Michael Boyd, The Boyd Group chairman, discusses Virgin America's IPO and its plan to generate ridership based on high quality and low costs. And CNBC's Phil LeBeau shares his thoughts on competition among airlines.

  • Nov 13- Virgin America Inc's initial public offering was priced at $23 per share, according to an underwriter, valuing the low-cost airline, partly owned by Richard Branson, at $993.6 million. Virgin America is the U.S. offshoot of Branson's London- based Virgin Group, which has a sizeable presence in a number of business across UK including airlines, railways,...

  • Virgin America prices IPO at $23/shr-underwriter Thursday, 13 Nov 2014 | 6:15 PM ET

    Nov 13- Virgin America Inc's initial public offering was priced at $23 per share, according to an underwriter, valuing the low-cost airline, partly owned by Richard Branson, at $993.6 million. The IPO raised about $307 million after it was priced slightly below the expected range of $21- $24 per share. Barclays, BofA Merrill Lynch, Goldman Sachs and Deutsche Bank...

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