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  • Sears shares rose 7 percent at $44.22 in premarket trading on Wednesday. Billionaire Chief Executive Eddie Lampert, who controls nearly half of Sears, has launched a series of unusual transactions, cut costs and sold assets to turn around the company, which has posted losses for the last 11 quarters. Sears owned or leased 1,725 Sears and Kmart stores as of Jan. 31.

  • HONG KONG, April 1- Chinese investment fund GO Scale Capital will use its $2.8 billion winning bid for Philips's lighting unit as a model to pursue other potential takeovers in areas such as biomedicine and clean energy, its executives said on Wednesday. Beijing- based GO Scale has roped in well-connected China Internet and green technology investors, such as...

  • The mysterious death of J. Paul Getty's grandson Andrew Getty is just the latest example of the latter. Andrew Getty, 47, was found dead Tuesday after authorities said his girlfriend called 911 to report discovering his bloodied body at his Hollywood Hills mansion. Andrew Getty's cousin J. Paul Getty III was kidnapped in Italy in 1973. When his wealthy...

  • Girlfriend's family: Getty oil heir had a brain aneurysm Wednesday, 1 Apr 2015 | 12:42 AM ET

    Getty, 47, whose grandfather J. Paul Getty's fortune made his family among the richest in U.S. history, wrote in a March 16 court document that he had been diagnosed with a condition, which he did not specify, in fall 2011.. Neither the coroner nor police had officially identified him, but a statement from Getty's parents, Ann and San Francisco billionaire scion...

  • BOSTON, March 31- Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. The average hedge fund has gained 2.18 percent this year, research firm Hedge Fund Research reported.

  • Buffett says he expects to buy more car dealerships Tuesday, 31 Mar 2015 | 5:31 PM ET

    NEW YORK— Fresh off buying the nation's fourth-largest chain of car dealers, billionaire investor Warren Buffett says he expects to buy more dealerships even as a robust auto market makes showrooms more expensive. Sitting on a panel at the NADA/ J.D. Power Automotive Forum Tuesday, Buffett said he doesn't worry about overpaying for a dealer.

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

  • NEW YORK, March 31- Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds Airlines Inc sought to have them pay a $54.9 million judgment it could not collect. District Judge John Keenan in Manhattan said TradeWinds and its former parent Coreolis Holdings...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region. Buffett also said there would be no "finish line" to deals like Kraft Foods Group Inc's announced merger with H.J. Heinz Co.. Heinz and Kraft, backed by Berkshire...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region. "If it turns out the Greeks leave, that may not be a bad thing for the euro," Buffett told cable television network CNBC. He said a Greek exit from the euro zone could...

  • Icahn: Union costs, work rules helped kill 4 AC casinos Tuesday, 31 Mar 2015 | 11:42 AM ET

    His comments came a day after union president Bob McDevitt said Icahn is trying to "disembowel" Atlantic City to line his own pockets. Icahn owns the Tropicana and is acquiring the Trump Taj Mahal through bankruptcy court by swapping $286 million in debt he owns from Trump Entertainment Resorts for ownership of the company. The union said Icahn has been using...

  • ATLANTIC CITY, N.J.— A billionaire Manhattan developer and veteran New Jersey real estate executive are pursuing Atlantic City's former Revel casino, according to a court filing Tuesday. The court filing by former business tenants at the casino says Howard Milstein of New York and Carl Goldberg of New Jersey plan an $88 million bid for Revel.

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • That's the plan for economic development in this otherwise sleepy town of Trimble, tucked away among the corn and soybean fields of northwestern Tennessee. Ballard, the proprietor of the Full Throttle Saloon in Sturgis, South Dakota, wants to bring the biker party vibe back to his Tennessee home town by catering to hot rods, custom motorcycles and live concerts...

  • DUBLIN, March 31- Canada's Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down 6 percent. Bank of Ireland shares were down 6 percent at 36.2 euro cents at 0725 GMT following the sale, which was managed by Deutsche Bank.

  • NEW YORK/ LONDON, March 30- Mergers and acquisitions this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price volatility and sought growth-boosting deals amid favorable financing conditions. "The deal activity in the first quarter was driven by continuing cash accumulation at companies,...

  • WASHINGTON, March 30- Hedge fund mogul William Ackman, who has spent more than two years accusing Herbalife Ltd of running a pyramid scheme, said on Monday that shutting down the company is "one of the most important things" he can do. Speaking at a meeting of the Council of Institutional Investors' in Washington, Ackman said again that Herbalife has caused "enormous...

  • Parent company Trump Entertainment Resorts, which Icahn is acquiring, says Stockton University should have bought the shuttered Atlantic Club at the opposite end of town for its campus instead of the Showboat. McDevitt said it is immoral for Icahn, through Trump Entertainment, to block the Showboat redevelopment when the company is sitting on the vacant...

  • Take a tour of America's most expensive listing   Monday, 30 Mar 2015 | 8:35 AM ET
    Take a tour of America's most expensive listing

    Check out the inside of the ultimate high-end home of billionaire Jeff Greene, with CNBC's Robert Frank.

  • OLYMPIA, Wash.— A politically charged proposal to raise Washington's highest-in-the-nation state minimum wage to $12 an hour over four years drew extended debate and a capacity crowd to a Senate committee hearing Monday. The bill to raise minimum wage via a series of annual 50- cent increases, passed the Democrat-controlled House in a party-line vote earlier...