Top FTC officials came out in opposition to laws that ban automakers like Tesla from selling their automobiles directly to consumers.» Read More
*To pay 7.15 euros/ share for rest of Telekom Austria. VIENNA/ MEXICO CITY, April 23- Mexico's Carlos Slim struck an 11th- hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.
SAN FRANCISCO, April 23- Apple Inc just bought itself some much-needed time. To top it all off, Apple unveiled a 7- for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share.
TOKYO, April 24- For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.
OMAHA, Neb.— Investor Warren Buffett says most stocks are trading at reasonable prices even though the market has soared this year. Buffett is chairman and chief executive of the Berkshire Hathaway conglomerate. Buffett was in New York City on Wednesday to dine with the winners of last year's charity auction of a lunch with the Omaha, Nebraska, billionaire.
CNBC's Robert Frank reports on a political battle between billionaires: The Koch brothers versus Tom Steyer.
WASHINGTON— To hear party operatives describe the fight for the Senate, it's the boogeyman billionaires against the shifty septuagenarian. Now, Republican candidates are adjusting their plans and linking Democratic Senate candidates to Reid, painting the 74- year-old leader and his allies as unscrupulous politicians.
Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and may sell a portion to Charter Communications.
NEW YORK— Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. The cities are among 21 finalists vying for millions of euros in a new government-innovation contest devised by former New York Mayor Michael Bloomberg, his foundation announced Wednesday.
April 22- Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday.
The lamp, called Little Sun, provides clear, affordable energy to places dependent on costly and toxic kerosene lighting in sub-Saharan Africa, said Bloomberg Philanthropies, the charity of the billionaire businessman and former mayor. "Little Sun is bringing clean, safe, affordable light to people who don't have it today."
*U.S. electric car firm says China may be biggest market next year. BEIJING, April 22- U.S. electric carmaker Tesla Motors Inc expects to invest "hundreds of millions of dollars" building charging outlets in China, which could become its biggest global market next year, billionaire co-founder Elon Musk said.
WASHINGTON— Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.
SYDNEY, April 22- Australia's Crown Resorts Ltd is set to bid for a $2 billion casino complex in Las Vegas, according to media report, underscoring the Melbourne- based casino operator's ambition to expand to more markets.
SEATTLE, April 21- The lead money manager for Microsoft Corp co-founder Paul Allen is leaving his post this week, marking the latest in a round of high-level departures at the Seattle billionaire's Vulcan Inc organization, which handles his $16 billion fortune.
WASHINGTON, April 21- U.S. Supreme Court justices on Monday indicated that creditors should be able to seek limited information about Argentina's non-U.S. assets in a case about bank subpoenas in decade-long litigation over Argentina's obligations to bond investors.
WASHINGTON, April 21- U.S. Supreme Court justices on Monday indicated that creditors should be able to seek limited information about Argentina's non-U.S. assets in a case stemming from long-running litigation over Argentina's obligations to bond investors.
WASHINGTON— Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their financial well-being.
DUBAI, April 20- Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 14.8 percent increase in first-quarter net profit on Sunday, citing higher income from investments.
CONAKRY, Guinea— The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. Government spokesman Damantang Camara announced late Friday that Guinea would follow the committee's recommendation.
PARIS, April 19- The head of Vivendi's French telecom unit SFR, won by cable company Numericable in a fierce bidding war, said in comments published on Saturday it planned to partner with Britain's Vodafone in a network-sharing project.