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Billionaires

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  • NEW YORK, June 1- Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Some voters in Philadelphia, for example, were turned off by the billionaires...

  • NEW YORK, June 1- Florida Senator Marco Rubio has one; Texas Senator Ted Cruz has one; even former Pennsylvania Senator Rick Santorum, considered a longshot for the Republican presidential nomination in 2016, has a billionaire in his corner. Wisconsin Governor Scott Walker has two. Some voters in Philadelphia, for example, were turned off by the billionaires...

  • Buffett lunch bidding crosses $1M mark in one day Monday, 1 Jun 2015 | 5:42 PM ET
    Warren Buffett

    Last year's winner, Andy Chua of Singapore, paid $2,166,766 for his chance to dine with Buffett in New York

  • June 1- An online auction for the right to dine with billionaire investor Warren Buffett and raise money for a San Francisco charity has started strongly, with the top bid surpassing $1 million in less than a day. As of 2:30 p.m. EDT Monday, the top bid was $1,000,100 in the eBay auction, which ends at 10:30 p.m. EDT Friday. This year's winner can bring up to seven...

  • NEW YORK— E L James is back for more. A fourth novel in the British author's multimillion-selling "Fifty Shades of Grey" erotic series will be released June 18 by Vintage Books, the publisher announced Monday. The new book is called "Grey," told from the point of view of billionaire Christian Grey, whose explicit romance with young Anastasia Steele became an...

  • Bidding window opens for annual Buffett lunch auction Sunday, 31 May 2015 | 10:24 AM ET

    OMAHA, Nebraska— Billionaire Warren Buffett will again try to sell the world's most expensive lunch this week to raise money for a San Francisco charity that helps the poor and homeless. Over the past 15 years, Buffett's lunch auction has raised $17.9 million for the Glide Foundation. The 16th annual lunch auction starts Sunday with a $25,000 minimum bid on eBay,...

  • HONG KONG/ BANGKOK, May 30- Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast rebound in Asian demand for luxury spirits. Liquor firm Emperador Inc, controlled by the Philippines'...

  • HONG KONG/ BANGKOK, May 30- Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast rebound in Asian demand for luxury spirits. Liquor firm Emperador Inc, controlled by the Philippines'...

  • RPT-Vodafone investors open to Liberty deal Friday, 29 May 2015 | 2:35 AM ET

    LONDON, May 28- Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. The positive reaction stands in contrast to previous occasions when talk of a deal sent shares in Vodafone tumbling on fears that it, as the suitor,...

  • Vodafone investors open to Liberty deal Thursday, 28 May 2015 | 1:58 PM ET

    LONDON, May 28- Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. The positive reaction stands in contrast to previous occasions when talk of a deal sent shares in Vodafone tumbling on fears that it, as the suitor,...

  • HONG KONG— Hong Kong regulators said Thursday they're investigating a leading Chinese solar panel maker owned by billionaire Li Hejun after its shares took a sudden and unexplained plunge. The Securities and Futures Commission normally does not announce its investigations but released a statement after Li said there was no investigation in a video...

  • *Gina Rinehart's eldest daughter Bianca to control trust. SYDNEY, May 28- Australian iron ore magnate Gina Rinehart's eldest daughter has been granted control of the $3 billion dollar family trust following the family's long-running legal battle. The order in the New South Wales state Supreme Court said Bianca Rinehart had demonstrated the ability to...

  • ZURICH, May 28- No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. In a fifth floor office just off Zurich's main shopping street, researchers at UBS are testing dozens of technologies to see what could...

  • Slow start, gradual improvement for US Internet gambling Wednesday, 27 May 2015 | 6:16 PM ET

    ATLANTIC CITY, N.J.— Internet gambling is off to a slow start in the United States, with banks hesitant to handle credit card payments for online bets and some politicians and casino moguls pushing to ban it, but there remains potential for great growth, participants in a major gambling conference agreed Wednesday. Three states currently offer Internet gambling:...

  • UAW rival at VW represented by 'union avoidance' expert Wednesday, 27 May 2015 | 5:10 PM ET

    NASHVILLE, Tenn.— The rival group to the United Auto Workers union at the Volkswagen plant in Tennessee brands itself as local, independent and free of outside influence or political agenda. But the American Council of Employees won't divulge how it is funded, and the lawyer who recently filed the group's overdue disclosures with the U.S. Department of Labor...

  • PARIS, May 27- Patrick Drahi, the billionaire owner of European telecoms group Altice, said he didn't bid for Time Warner Cable because his company lacked management resources to digest such a big deal in a market it had only recently entered. "I didn't follow up on the exchanges we had on Time Warner Cable that were mentioned in the media because we were not ready,"...

  • Here's how to invest like a billionaire   Tuesday, 26 May 2015 | 11:45 PM ET
    Here's how to invest like a billionaire

    Tan Min Lan, APAC chief investment officer at UBS Wealth Management, discusses the latest survey findings about how the world's billionaires are investing their money.

  • MEXICO CITY, May 26- Mexico has cut the estimated investment required for a wholesale mobile broadband network by almost a third to $7 billion and is considering changes to make it more attractive to wireless operators, a senior government official said on Tuesday. The network, which will have exclusive use of 90 MHz of the 700 MHz band of spectrum, was written into...

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • *Time Warner Cable's shares up 7.1 pct, Charter up 2.7 pct. May 26- Charter Communications Inc's $56 billion bid to remake the U.S. cable television industry by acquiring larger rival Time Warner Cable Inc will try to skirt the regulatory obstacles that helped sink Comcast Corp's earlier bid for Time Warner Cable. The transaction faces a close review from the...