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  • Why Lasry likes Ford and YRC Worldwide   Friday, 31 Oct 2014 | 7:53 AM ET
    Why Lasry likes Ford and YRC Worldwide

    Billionaire distressed debt investor Marc Lasry tells CNBC that both companies and stocks are bargains.

  • Oct 30- Japanese telecom and media group SoftBank Corp has set its sights on the wireless assets put up for sale by America Movil, the Wall Street Journal reported, citing people familiar with the matter. SoftBank recently asked Sprint Corp Chief Executive Marcelo Claure to gather information on the assets that America Movil is planning to sell, sources told the...

  • MOSCOW, Oct 30- Russian oil-to-telecoms group Sistema, controlled by billionaire Vladimir Yevtushenkov, said on Thursday it disagreed with a court decision to seize its shares in oil company Bashneft and was considering an appeal. The company also said in a statement that ongoing litigation could have a significant negative impact on Sistema's investment...

  • MOSCOW, Oct 30- Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets. Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local...

  • MOSCOW, Oct 30- Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening investors' fears that the Kremlin wants to reclaim prized assets. Moscow's Arbitration Court ruled in favour of prosecutors, who argued that Bashneft was unlawfully privatised in...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • NEW YORK/ SEATTLE, Oct 29- Billionaire investors in a small, Seattle- area company that aims to one day mine resources on asteroids have not been deterred by an unmanned rocket explosion that destroyed their test satellite, the company said on Wednesday. Privately held Planetary Resources counts Google Inc Chief Executive and co-founder Larry Page and Chairman...

  • *Fund to apply soon to invest more in China- CEO. OSLO, Oct 29- Norway's $860- billion sovereign wealth fund, the world's largest, booked a flat return in the third quarter as it was dragged down by weak European stocks, foremost among them embattled retailer Tesco. "It is clear that our investment in the British company Tesco has performed particularly poorly in the...

  • DENVER, Oct 29- Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. But NextGen and other green groups are not talking about climate change as much as one would expect. NextGen and other green groups say they're simply doing what it takes to elect the candidates they support.

  • DENVER, Oct 29- Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. But NextGen and other green groups are not talking about climate change as much as one would expect. NextGen and other green groups say they're simply doing what it takes to elect the candidates they support.

  • TORONTO/ VANCOUVER, Oct 28- Sewing machines hum inside a spacious clothing boutique where the wife and son of Lululemon Athletica Inc's founder hope to capture the retail magic that turned the yogawear maker into a stock market darling. Meet Kit and Ace, the brainchild of billionaire Chip Wilson's wife, former Lululemon lead designer Shannon Wilson, who started...

  • TORONTO/ VANCOUVER, Oct 28- Sewing machines hum inside a spacious clothing boutique where the wife and son of Lululemon Athletica Inc's founder hope to capture the retail magic that turned the yogawear maker into a stock market darling. Meet Kit and Ace, the brainchild of billionaire Chip Wilson's wife, former Lululemon lead designer Shannon Wilson, who started...

  • Vimpelcom says still exploring deals in Italy Tuesday, 28 Oct 2014 | 7:22 AM ET

    MOSCOW/ MILAN, Oct 28- International telecoms group Vimpelcom said it was exploring possible transactions in Italy but had not reached any deals, following months of reports its Italian unit was seeking a tie-up with Hutchison Whampoa's 3 Italia. No conclusion to these discussions was reached, " Vimpelcom said in a statement to the U.S. Securities and Exchange...

  • The group, in which Mexican billionaire Carlos Slim's America Movil has a 21.4 percent stake, said the improvement was most noticeable in its consumer mobile and business operation, though core profit still fell by 15 percent. It also sold its German business E-Plus to Spain's Telefonica in a deal valued at 8.6 billion euros. The company competes with Vodafone...

  • MEXICO CITY, Oct 27- Mexico's Grupo Elektra said it had settled a legal dispute with the Mexican stock exchange, which the company controlled by billionaire Ricardo Salinas had blamed for causing its share price to slump in 2012.. Elektra said in a statement to the exchange on Monday that an agreement had been approved by a Mexico City court to prevent any change...

  • CNBC.com hot list: Ballmer's b-ball billions   Monday, 27 Oct 2014 | 4:46 PM ET
    CNBC.com hot list: Ballmer's b-ball billions

    CNBC.com Managing Editor Allen Wastler reports inequality worrying the wealthy; Steve Ballmer's LA Clippers; and Wal-Mart's category slip-up are the hottest topics on CNBC.com.

  • Bargains for billionaires   Monday, 27 Oct 2014 | 1:28 PM ET
    Bargains for billionaires

    One reason why billionaires could be fans of buying sports teams, with CNBC's Josh Lipton.

  • *Pro-Europe, nationalist-leaning assembly will irk Russia. KIEV, Oct 26- War-weary Ukrainians voted on Sunday in an election that is likely to install a pro-Western parliament and strengthen President Petro Poroshenko's mandate to end separatist conflict in the east, but could fuel tension with Russia. People wrapped up warmly on a cold, clear day to vote in the...

  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. "'Designed by Apple in California' has a nicer ring to it than' assembled by workers paid about a dollar per hour, working 11- hour...

  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported. "Designed by Apple in California has a nicer ringer to it than assembled by workers paid about a dollar per hour, working 11- hour shifts, and sleeping...