Go Symbol Lookup
Loading...

Billionaires

More

  • When to Tell the Kids They're Rich Tuesday, 21 May 2013 | 11:17 AM ET
    Bernie Ecclestone is seen at his motorhome with his daughters Tamara Ecclestone (L) and Petra Ecclestone (R).

    A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.

  • Earnings Preview: Sears to release 1Q results Tuesday, 21 May 2013 | 11:02 AM ET

    NEW YORK-- Sears Holdings Corp. is expected to report first-quarter earnings results after the regular markets close on Thursday that will provide more indications of how the struggling department store chain will turn around its business.

  • May 21- Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million.

  • Sprint Receives SoftBank Waiver to Consider Dish Offer Tuesday, 21 May 2013 | 6:06 AM ET

    Sprint Nextel said its Japanese suitor SoftBank granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.

  • TOKYO, May 21- Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.

  • NEW YORK, May 20- The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.

  • David Karp with his father, Michael.

    David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.

  • Hedge Fund Owner Cohen Gets Subpoena to Testify Monday, 20 May 2013 | 5:37 AM ET
    Steven A. Cohen, founder and chief executive officer of SAC Capital Advisors

    Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.

  • MEXICO CITY/ RIO DE JANEIRO, May 19- Foreign investors flocked back to Brazil in early 2013, prompting the strongest stock market inflows in more than two years, but massive bets on share price falls suggest no change in sentiment towards Latin America's largest economy.

  • The Auditing of America's Wealthy  Friday, 17 May 2013 | 4:41 PM ET

    CNBC's Robert Frank has been looking at IRS audits and has found some troubling trends. Frank VanderSloot, Melaleuca CEO 7 founder, shares his thoughts about his own situation.

  • 'Little Pastry Chef' to Bring Millions at Auction Friday, 17 May 2013 | 4:01 PM ET
    Chaim Soutine’s “Little Pastry Chef”

    There will likely be nothing working class about the new owner of Chaim Soutine's "Little Pastry Chef," one of the painter's series of works depicting anonymous Parisian workers.

  • What's Zuckerberg Worth?  Friday, 17 May 2013 | 11:54 AM ET

    The CEO of Facebook has seen his personal wealth fluctuate between a high of $19.14 billion to a low of $8.92 billion over the past year, reports CNBC's Robert Frank.

  • News Summary: Dell's PC decay deepens in 1Q Thursday, 16 May 2013 | 6:45 PM ET

    DELL'S DOLDRUMS: Slumping personal computer maker Dell Inc. is still having trouble adapting to a market increasingly dominated by smartphones and tablets. POINT: The dismal performance could help Dell's board persuade more shareholders to accept a $24.4 billion buyout offer from CEO Michael Dell and other investors.

  • SAN FRANCISCO, May 16- Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.

  • NetApp shares jump after Elliott discloses stake Thursday, 16 May 2013 | 2:47 PM ET

    NetApp Inc.' s shares rose Thursday on a report that hedge fund Elliott Management is pushing for major changes at the data storage company. THE SPARK: A report by Bloomberg, citing an unidentified person familiar with the situation, said Elliott has proposed new directors for NetApp's board and has asked the company to return cash to shareholders.

  • Huge Diamond Sold at Auction for $26.7 Million Thursday, 16 May 2013 | 2:29 PM ET
    The pear-shaped diamond weighing approximately 101.73 carats recently sold at auction for just under, $27 million.

    A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.

  • *French bank's Russia strategy questioned. MOSCOW, May 16- The head of Societe Generale's Russian unit Rosbank was charged with bribery on Thursday after investigators released a film of him with cash piled on his office desk in what several bankers said may have been a set up.

  • Trend or Stunt? Maserati Smashed in China...Again Thursday, 16 May 2013 | 11:31 AM ET
    A wealthy Chinese businessman hired a crew to smash his Maserati Quattroporte at the Qingdao Auto Show. Here, the crew takes sledgehammers to the windshield of the supercar.

    A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?

  • May 16- Credit-rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, one notch, citing the company's reliance on its insurance operations for dividend income.

  • S&P cuts Berkshire Hathaway rating by one notch to 'AA' Thursday, 16 May 2013 | 9:01 AM ET

    May 16- Credit rating agency Standard& Poor's on Thursday cut its rating on Berkshire Hathaway Inc, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, by one notch, citing the company's reliance on its insurance operations for dividend income.