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  • 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...

  • NEW YORK— Charter Communications agreed to buy Time Warner Cable on Tuesday for $55.33 billion. April: After more than a year, Comcast gives up on its bid to buy Time Warner Cable. November: London- based Liberty Global paid $13 billion for around 70 percent of Dutch cable provider Ziggo.

  • Most billionaires share these three traits...   Tuesday, 26 May 2015 | 1:44 PM ET
    Most billionaires share these 3 traits...

    CNBC's Robert Frank reports on what three things that billionaires have in common.

  • *Charter agrees to buy Time Warner Cable in $56 bln deal. PARIS, May 26- Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice, will not let missing out on Time Warner Cable dissuade him from further expansion in the United States, people familiar with the situation said. Taking his first step across the Atlantic last week by agreeing to...

  • MACAU— Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.

  • Rent control and the tax break have huge impacts on the New York City housing market, and they're touchy for lawmakers in any year because the real estate industry is one of the biggest political donors in Albany. On the other side, tenant advocates and liberal groups have organized big rallies in New York and Albany to denounce the tax break and urge lawmakers to...

  • HAMPTON, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday voiced strong support for keeping the U.S. Export-Import Bank open and accused Republican opponents who want to close the export-promoting lender of putting American jobs at risk. Some of the bank's biggest beneficiaries, including General Electric Co and Boeing Co, say closing Ex-Im will lead to the...

  • NEW YORK, May 21- Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realize that being underweight shares of Apple will hurt their performance. "They are underweight Apple in relation to the index funds, and I think more and more of these funds will realize that's going to hurt their performance in the future as Apple...

  • China- based Hanergy Thin Film Power Group Ltd, a maker of solar panel technology, hired Goldin Financial Holdings as financial adviser on several transactions. On Thursday, shares in Goldin Financial dropped by as much as 62 percent, closing down 43 percent in the stock's busiest day of trading in almost six years. Shares in both Hanergy Thin Film and Goldin...

  • HONG KONG, May 21- Shares of two companies owned by Chinese billionaire Pan Sutong slumped as much as nearly two-thirds in Hong Kong on Thursday, in the second day of steep share price declines of previously high-flying stocks in the Asian financial hub. Goldin Financial Holdings and Goldin Properties Holdings fell more than 60 percent in Hong Kong trading at...

  • ATLANTIC CITY, N.J.— The crucial summer season will start with three Atlantic City casinos in bankruptcy and one beset by regular pickets and protests. Union members picketed Thursday evening outside the Trump Taj Mahal, in their seventh protest against the casino or soon-to-be-owner Carl Icahn over health insurance and pension benefits canceled by a...