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  • *Queensland vote to halt cash support for coal infrastructure. MELBOURNE, Feb 5- A shock state election result in Australia's coal-rich Queensland state and heightened pressure to protect the Great Barrier Reef have thrown new doubts over plans by Indian firms to build two huge mines. This included money for a rail line and port planned by India's Adani...

  • LONDON, Feb 3- British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history on Tuesday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries...

  • BOSTON, Feb 2- Billionaire Steven A. Cohen, who oversees only his personal fortune after decades of running one of the world's biggest hedge funds, wants to recruit newly minted college graduates into his army of hundreds of investment professionals. Less than 16 months after Cohen's SAC Capital Advisors pleaded guilty to insider trading charges, the successor...

  • Feb 2- Casual clothing retailer Lands' End Inc said Chief Executive Edgar Huber would step down in two weeks and be succeeded by Federica Marchionni, the U.S. head of luxury goods retailer Dolce& Gabbana. Huber, who will leave on Feb. 17, has held the top job since August 2011 and led Lands' End spin off from struggling retailer Sears Holdings Corp last year.

  • LONDON, Feb 2- The value of merger and acquisition deals worldwide soared 28 percent in January compared with the same month last year, with the Asia-Pacific region enjoying its best start to a year on record, according to Thomson Reuters data. Deals in the Asia-Pacific accounted for 43 percent of the total, up from 20 percent last January, beating both Europe and...

  • This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015.. The problem with the forecast of $68 a tonne average for this year is the current spot price of the steel-making ingredient is already 7.8 percent lower, closing on Wednesday at a fresh six-year low...

  • Regeneron, Vertex execs heads to White House Wednesday, 28 Jan 2015 | 4:55 PM ET
    Regeneron, Vertex execs heads to White House

    Executives are headed to the White House Friday to discuss President Obama's precision medicine initiative, reports, CNBC's Meg Tirrell.

  • Real estate mogul: Housing recovery will be slower Wednesday, 28 Jan 2015 | 4:41 PM ET
    Real estate mogul: Housing recovery will be slower

    Billionaire investor and real estate entrepreneur Jeff Greene weighs in on the state of the single-family real estate market and higher quality apartments in the U.S.

  • WASHINGTON, Jan 27- Rick Perry's farewell speech to the Texas legislature listed the accomplishments expected from an outgoing Republican governor of the country's largest oil-producing state. "We have expanded our economy while protecting our environment," said Perry, who is openly exploring a second White House run in 2016.. Conservative political...

  • WASHINGTON, Jan 27- Rick Perry's farewell speech to the Texas legislature listed the accomplishments expected from an outgoing Republican governor of the country's largest oil-producing state. "We have expanded our economy while protecting our environment," said Perry, who is openly exploring a second White House run in 2016.. Conservative political...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • Jan 26- AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • NEW YORK, Jan 23- The billionaire hedge fund manager Louis Bacon has filed a $50 million defamation lawsuit against the Canadian fashion designer Peter Nygård, escalating a long-running battle between the owners of neighboring properties in an exclusive gated community in the Bahamas. Nygård "caused these brazen lies to be published with actual malice and...

  • Atlantic City vs Detroit: Who is better off? Friday, 23 Jan 2015 | 5:22 PM ET

    Jan 23- "At least we're not Detroit," Atlantic City's Mayor joked just last week during his state of the city address. Yet by some measures, Atlantic City is in worse shape than Detroit, with which it shares such traits as a high poverty rate. While the Motor City's Big Three automakers emerged from crisis by the time Detroit was being restructured, Atlantic City's...

  • NEW YORK, Jan 22- Billionaire investor Carl Icahn, whose portfolio is stocked with oil companies, said on Thursday that he expects the price of oil to fall further before it recovers on increased demand. Icahn said he placed the currency bet about 2-1/ 2 to three years ago, when one euro bought about $1.28 U.S. dollars. While one euro bought as many as $1.3992 U.S. dollars...

  • Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices. Gannett's shares rose as much as 3.9 percent to $32.58 on the New York Stock Exchange. Gannett said in August it would separate its slow-growing print operations, including USA...

  • UPDATE 1-Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 10:00 AM ET

    Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices. Gannett said in August it would separate its slow-growing print operations, including USA Today, from its TV and digital properties. Icahn, who owned about 6.6 percent of Gannett as...

  • SAN FRANCISCO, Jan 21- EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year. The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday...

  • *Deal to help Dalian diversify, expand in entertainment. BEIJING, Jan 21- China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros, becoming the first Mainland company to invest in a premier European club. Under terms of the investment, Dalian will spend an additional 15...