NEW YORK-- Warner Music Group Corp. posted a wider fourth-quarter loss Thursday even as revenue rose thanks to its purchase of Parlophone Label Group, home of artists such as Coldplay and David Guetta. The net loss in the three months through Sept. 30 came to $57 million, compared to a loss of $18 million a year ago.» Read More
MEXICO CITY, Sept 27- Mexican phone company America Movil, embroiled in an increasingly complex bid for Dutch telecom KPN, said on Friday that it might go ahead with its formal offer next month.
MOSCOW, Sept 27- Russia is exercising fiscal restraint, has imposed a lockdown on monopoly pricing and the central bank is determined to bear down on inflation.
*SoftBank, Yahoo back Alibaba partnership structure. "We understand Hong Kong may not want to change its tradition for one company, but we firmly believe that Hong Kong must consider what is needed in order to adapt to future trends and changes," Tsai, one of Alibaba's 18 founders in 1999, wrote in a blog post.
HONG KONG, Sept 27- Lauded by many for its principled stance in rejecting Alibaba Group's plans to list shares, the Hong Kong Stock Exchange has left the city's financial community fuming at a lost opportunity, and re-ignited calls for market reforms.
*Next in line: Ukraine then Azerbaijan, Belarus. BERLIN, Sept 26- Russian online fashion retailer Lamoda is poised to expand to Ukraine and is considering offering its express delivery service to other brands, its chief executive told Reuters.
MOSCOW, Sept 26- Russian oil-to-telecoms group Sistema wants to reduce a gap between its market capitalisation and the value of its individual corporate holdings by selling some of them while expanding into new business lines.
PODGORICA, Sept 26- There was once a time when a job at Podgorica's sprawling aluminium plant meant a free apartment, a discount on holiday rentals and a large dose of prestige in socialist Yugoslavia. That's 10 percent of the economic output of Montenegro, the tiny Adriatic republic that inherited KAP when Yugoslavia fell apart in war in the 1990 s.
MINSK, Sept 26- The chief executive of Russian potash producer Uralkali has been moved from jail to house arrest in Belarus, signalling that a diplomatic spat over the collapse of a sales cartel could be nearing an end.
*Shares touch high of $34.19, valuing company at about $900 mln. It also analyzes tissue samples from clinical trials conducted by companies such as Novartis AG, Johnson& Johnson and Celgene Corp. Novartis accounts for more than 10 percent of Foundation Medicine's revenue.
SAC Capital and prosecutors have since opened preliminary settlement talks in an attempt to resolve the criminal indictment against the firm, said two sources familiar with the matter. SAC Capital had no immediate comment.
LONDON, Sept 25- Global miner Anglo American has revised a deal to sell its Amapa iron ore operation in northern Brazil to Zamin Ferrous, following a landslide that sent machinery tumbling into the Amazon River and killed six people.
NEW YORK, Sept 24- A federal judge on Tuesday pushed back the insider trading trial of former SAC Capital Advisors portfolio manager Mathew Martoma to Jan. 6.
It's simply known as "The Ski Home." This Aspen, Colo., megamansion is the largest home in town. CNBC cameras take you on a VIP tour with the owner.
NEW YORK, Sept 24- A federal judge on Tuesday pushed back the insider trading trial of former SAC Capital Advisors portfolio manager Mathew Martoma to Jan. 6. District Judge Paul Gardephe delayed the trial, originally scheduled for Nov. 4, at the request of Martoma's lawyer, Richard Strassberg, who is taking part in another trial starting this week.
Millionaires can be forgiven for feeling, well, a little average. There are millions of millionaires in the U.S. Here are some signs you're super rich.
*Russia, Belarus seek to revive sales alliance. MOSCOW/ LONDON, Sept 24- China acquired a 12.5 percent stake in Russian potash producer Uralkali in a deal that could help Beijing secure stable supplies of the soil nutrient, put new pressure on prices and reduce the chances of a Russia- Belarus cartel being revived.
SINGAPORE, Sept 24- Casino operators and regulators around Asia are watching Singapore's two multi-billion-dollar gaming resorts as they focus on tourists and trade shows to boost revenue in response to restrictions on gambling and a sluggish broader market.
MOSCOW, Sept 23- A1, an investment vehicle of Russian billionaire Mikhail Fridman, told Reuters on Monday it had acquired a 24.4 percent stake in Regal Petroleum, which produces gas and gas condensate in Ukraine. Khabarov declined to disclose financial details of the deal, but said Regal Petroleum's revenues stood at 25.3 million pounds in 2012..
It’s one of the most exclusive homes in America, but only CNBC's cameras granted access to tour this luxury manse.
George Soros, the 83-year-old billionaire investor, philanthropist and supporter of liberal political causes, married for a third time on Saturday, tying the knot with education consultant Tamiko Bolton.