Billionaires
featured
*Battery-swap system to require $50- $100 mln investment. SAN FRANCISCO, June 18- Tesla Motor Inc is marshalling lawyers across the country to prepare for a "multi-front war" against local laws that risk stalling the electric vehicle maker's plan to bypass dealerships and sell directly to consumers.
» Read More
More
-
NEW YORK-- Legions of apartment dwellers will soon be asked- and may eventually be ordered- to start collecting food scraps for composting, under Mayor Michael Bloomberg's latest bid to make the Big Apple greener.
-
DUBAI, June 18- Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
-
*Third Point's stake in Sony rises to 7 pct from 6.3 pct. TOKYO, June 18- New York- based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.
-
TOKYO, June 18- New York- based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.
-
In an exclusive interview with CNBC, the man at the center of an insider-trading probe, former KPMG auditor Scott London, said he received about $70,000 in kickbacks.
-
America may be falling behind the rest of the world when it comes to creating entrepreneurial wealth, a study shows.
-
*Starboard: Selling pieces could net $44- $55/ shr. June 17- Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International.
-
MOSCOW, June 17- Billionaire Mikhail Fridman's Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex- BP chief executive Lord Browne.
-
*Deal partners include Li-controlled CKI, Power Assets, Li Ka Shing Foundation. HONG KONG, June 17- Cheung Kong Ltd, controlled by Asia's richest man Li Ka- shing, said it will buy Dutch waste processing firm RAV Water Treatment I B.V. for 943.68 million euros, in an overseas expansion drive that has targeted infrastructure assets offering steady recurring income.
-
TOKYO, June 17- Abenomics' massive monetary stimulus was supposed to depress long-term interest rates to spur economic activity, but the Japanese government bond market has other ideas.
-
RIO DE JANEIRO, June 14- Brazil's Banco BTG Pactual SA continued a drive that has snapped up assets in troubled Brazilian resource companies by agreeing to buy 50 percent of an African business owned by state-run oil company Petroleo Brasileiro SA, the companies said on Friday.
-
TORONTO, June 14- National security concerns have delayed the Canadian government's approval of two deals that would solidify Vimpelcom Ltd's ownership of wireless carrier Wind Mobile, a Canadian newspaper reported on Friday, citing unnamed sources.
-
*Sale could raise $600 mln to $700 mln, analyst says. MEXICO CITY, June 14- Wal-Mart de Mexico, Mexico's largest retailer, surprised analysts on Friday by saying it may sell its restaurant unit, including the popular Vips chain, after receiving interest from potential buyers.
-
MOSCOW, June 14- Russia's Uralkali, the world's largest potash miner by output, sees room for global fertiliser prices to rise without attracting new competitors into the market, its head of sales said.
-
If history is any indication, the billionaire's divorce from his third wife will cost him plenty, reports CNBC's Robert Frank.
-
NEW YORK, June 13- News Corp Chief Executive Rupert Murdoch on Thursday filed for divorce from his third wife, Wendi Deng. In what could be a record-breaking divorce settlement, Continental Resources CEO Harold Hamm is in the middle of a contentious separation.
-
NEW YORK, June 13- Commodity funds with combined assets of about $10 billion are heading for the half-year mark with losses, with some hoping that improving market fundamentals will overpower worries over global growth and stimulus measures in the second half.
-
*SEC says Revlon hid details of proposed share swap. June 13- The U.S. Securities and Exchange Commission charged Revlon Inc with misleading shareholders about a transaction with its controlling shareholder, billionaire Ronald Perelman, and the cosmetics company agreed to pay a fine of $850,000.
-
The company gets most of its revenue from perfume brands including Calvin Klein, Davidoff and Playboy as well as those it sells under the names of celebrities such as Beyonce Knowles, Lady Gaga and Jennifer Lopez. Coty's shares, which were priced at $17.50 on Wednesday, fell as much as 3.4 percent to $16.90 in morning trading on the New York Stock Exchange.
-
*SEC says Revlon hid details of proposed share swap. The civil case stemmed from 2009, when Revlon's majority shareholder MacAndrews and Forbes Holdings Inc, controlled by billionaire Ronald Perelman, asked the company to give minority shareholders a chance to tender their common shares for preferred stock, as part of a plan to pay down Revlon debt.
.160x105.?v=1371487186 "US Falls Behind in Creating Rich Entrepreneurs")
Most Popular Video
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.