Billionaires
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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.
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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.
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*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.
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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.
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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.
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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.
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*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.
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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.
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If history is any indication, the billionaire's divorce from his third wife will cost him plenty, reports CNBC's Robert Frank.
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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.
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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.
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*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.
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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.
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*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.
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While housing inventory is falling throughout the country, it's been falling especially fast in some of the country's richest ZIP codes, creating a mansion shortage.
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MEXICO CITY, June 12- Congressional leaders of Mexico's main parties said on Wednesday they had agreed to hold two special sessions of Congress in July and August to tackle outstanding initiatives, paving the way for key energy and fiscal reforms to move forward in the autumn.
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After halting construction four years ago on their 90,000-square-foot home—called Versailles—just outside Orlando, Fla., David and Jackie Siegel have restarted work.
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LONDON, June 12- Rio Tinto's Simandou mining project in Guinea will miss a 2015 first production target, Guinea's mines minister said on Wednesday, as the two sides hammer out issues including the financing of its costly infrastructure.
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LONDON, June 12- Guinea's mines minister said on Wednesday an estimated 2015 first production date for the portion of the Simandou iron ore deposit held by Rio Tinto would not be met. Fofana was in London with a Guinea government delegation to brief investors on Guinea's mining sector ahead of the G8 summit that will be pushing on transparency.
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I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
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The departure of precious metals miner Polymetal and steelmaker Evraz after less than two years signals the end- for now- of a move into the major league that had been expected to pave the way for more Russian arrivals.
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