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  • UPDATE 6-Keystone XL pipeline bill dies in U.S. Senate Tuesday, 18 Nov 2014 | 8:46 PM ET

    WASHINGTON, Nov 18- A bill to force approval of the Keystone XL pipeline failed in the U.S. Senate on Tuesday, sparing President Barack Obama from an expected veto of legislation that several fellow Democrats supported. She has staked her hopes of winning a fourth Senate term on the Keystone gambit. The tally was 59 to 41 on TransCanada Corp's $8 billion project,...

  • SAC's Martoma to begin prison term on Nov. 20 Monday, 17 Nov 2014 | 6:22 PM ET

    NEW YORK, Nov 17- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors LP, has been ordered to begin serving his nine-year prison sentence for his insider trading conviction on Nov. 20. District Judge Paul Gardephe in Manhattan issued the order on Monday, five days after the 2nd U.S. Circuit Court of Appeals...

  • Indian retailers hobble as e-commerce race ahead Monday, 17 Nov 2014 | 5:58 PM ET

    Indian retailers are struggling to keep up online as e-commerce garner large investments.

  • NEW YORK, Nov 17- Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday. Apple's current market cap stands at about $670 billion, according to Thomson Reuters data. "Apple is one of the best companies I would say of the last...

  • MUMBAI, Nov 18- The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online. Private investors have poured $2.3 billion into India's e-commerce companies so far this year, according to consulting firm Technopak,...

  • Nearly 18 months after the low-cost carrier, backed by Australia's Qantas Airways and Shanghai- based China Eastern Airlines, lodged an application for a licence, Hong Kong authorities are still weighing its approval. Budget airlines account for just 8 percent of the capacity out of Hong Kong, compared with 30 percent in Singapore and 50 percent in Kuala Lumpur...

  • Nov 17- Carl Icahn isn't forecasting a dramatic stock market drop quite yet, but the billionaire investor is still bracing for an equity sell-off in the next three to five years, he told Reuters on Monday. "I am still concerned that one day you'll see a break like you had a few weeks ago," Icahn said at the Reuters Investment Outlook Summit in New York on Monday, "but it...

  • NEW YORK, Nov 17- Billionaire Steven A. Cohen can face questions about insider trading at his hedge fund SAC Capital Advisors from lawyers representing his ex-wife in a civil lawsuit against him, a U.S. judge said on Monday. District Judge Loretta Preska at a court hearing in Manhattan ruled that lawyers for Patricia Cohen can ask Steven Cohen during a Dec. 10...

  • NEW YORK, Nov 14- Billionaire activist investor Carl Icahn increased his stake in e-commerce company eBay Inc. while booking more profits from his stake in Netflix Inc. in the third quarter, a regulatory filing showed on Friday. He cut his stake in Netflix, the streaming video company, by 353,000 shares to 1.4 million shares, a filing with the Securities and...

  • BOSTON, Nov 14- Soros Fund Management, one of the world's most widely followed investment firms, slashed its stake in Herbalife Ltd. by 60 percent during the third quarter, a period when Herbalife missed Wall Street earnings estimates and its stock price tumbled. Herbalife has become one of America's most closely watched companies since billionaire investor...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key investor in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 7.5 percent on the news.

  • MOSCOW, Nov 14- A Russian court extended the house arrest of billionaire Vladimir Yevtushenkov on Friday just weeks after his shares in an oil company were seized, pressing a case some investors say signals a return to state intervention in business. Moscow's Basmanny court ruled that Yevtushenkov should be held for another four months on suspicion of money...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key shareholder in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 8.4 percent on the news.

  • For billionaire Warren Buffett, P&G's tide has crested Thursday, 13 Nov 2014 | 5:38 PM ET

    NEW YORK, Nov 13- Procter& Gamble Co., one of Warren Buffett's top portfolio holdings, is about to lose the billionaire's influential backing at a time when it appears the company's own fortunes have peaked. Thursday's agreement by Buffett's Berkshire Hathaway Inc. to turn over the $4.7 billion in shares it owns in the world's largest consumer products company...

  • NEW YORK/ SAO PAULO, Nov 13- A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings. Herbalife has become one of America's most closely-watched companies after billionaire investors...

  • UPDATE 3-Buffett's Berkshire buys P&G's Duracell Thursday, 13 Nov 2014 | 12:09 PM ET

    *Buffett to return $4.7 billion worth of shares to P&G. Nov 13- Warren Buffett's Berkshire Hathaway Inc said on Thursday it would buy Procter& Gamble Co's Duracell battery unit in a stock swap, taking over a business the billionaire has supported for nearly two decades. The addition of Duracell, whose batteries are known for their copper-colored tops, gives...

  • Televisa, Mexico's top broadcaster and pay TV provider, is rolling out services that compete with Slim's phone company. Televisa executives filed a complaint with Mexico's new telecom regulator, claiming that Telmex had sent calls made to a cable TV service line to the phone of one of Televisa's customers during four hours last Friday. The new regulations are...

  • NEW YORK, Nov 12- Six weeks after winning an order worth nearly $300 million against Texas businessman Sam Wyly and the estate of his deceased brother, Charles, the U.S. Securities and Exchange Commission returned to court on Wednesday looking for more. "The Wylys weren't just insiders," SEC lawyer Bridget Fitzpatrick said. "There's no attempt from... the SEC to...

  • NEW YORK, Nov 12- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, on Wednesday lost a bid to stay out of prison while he appeals his insider trading conviction. The 2nd U.S. Circuit Court of Appeals in New York lifted a stay that had enabled Martoma to avoid beginning a nine-year prison sentence for...