BOSTON, Aug 20- Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.» Read More
HONG KONG, May 8- Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Asia's largest developer, Sun Hung Kai Properties Ltd, pleaded not guilty on Thursday in Hong Kong's biggest corruption case since the anti-graft agency was formed 40 years ago.
HONG KONG, May 8- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, Asia's largest developer, went on trial on Thursday in Hong Kong's biggest corruption case since the city's anti-graft agency was formed nearly 40 years ago.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading. The Palo Alto, California- based company reported a first-quarter net loss of almost $50 million, compared with last year's first-ever quarterly profit.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday said plans for its new lithium-ion battery plant were on track but its outlook for the second quarter disappointed some investors, sending shares down more than 6 percent in after-hours trading.
VANCOUVER, May 7- Singapore- based Woodfibre LNG signed a letter of intent on Wednesday with the province of British Columbia, advancing the company's goal of making its first liquified natural gas shipments to Asia by early 2017..
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday posted a higher-than-expected quarterly operating profit and the electric car maker said its plans for a new battery plant are on track.
May 7- Mondelez International Inc and competitor D.E Master Blenders 1753 are merging their coffee businesses in a deal aimed at taking on market leader Nestle SA. The merger announced on Wednesday will marry Mondelez's grocery coffee brands such as Carte Noire and Gevalia with D.E Master Blenders' L'OR, Pilao and Senseo brands.
*Sees 2014 OIBDA of $80- 90 million. *Time Warner financing deals give CME breathing room. PRAGUE, May 7- CME, the central and eastern European broadcaster controlled by Time Warner, expects to return to profit this year as it slowly wins back advertisers after scaling down an ill-fated rise in prices.
*Worries that broader sanctions will include Russia corp debt. LONDON, May 7- Confusion over the legal implications of sanctions on Russia and worries about further, harsher restrictions from the West are making investors cautious about owning bonds issued by Russian companies.
May 7- Mondelez International Inc and rival D.E Master Blenders 1753, who make Kenco and Douwe Egberts brands respectively, will join up in a deal that creates the world's biggest pure-play coffee company to take on market leader Nestle.
SAN FRANCISCO, May 7- Stanford University said on Tuesday it will no longer use any of its $18.7 billion endowment to invest in coal mining companies, a move aimed at combating climate change that could influence college administrations elsewhere.
TOKYO, May 7- SoftBank Corp's billionaire CEO Masayoshi Son said his company would not cash in any of its stake in Chinese online retailer Alibaba when it lists in New York in what could be the largest market debut ever by a technology company.
Goldman Sachs is still doing business with Steven A. Cohen and extended a loan to the billionaire after his firm, SAC Capital Advisors.
TOKYO, May 7- A lawyer for Japan's Universal Entertainment Corp offered to pay a former Universal employee if he retracted a claim that the company had given bribes to advance a Philippine casino project and stopped cooperating with investigators, according to a copy of the proposal seen by Reuters.
NEW YORK, May 6- Goldman Sachs Group Inc is still doing business with Steven A. Cohen and extended a loan to the billionaire after his firm, SAC Capital Advisors, pleaded guilty to insider trading. Goldman Sachs Bank USA, the parent of the bank for the ultra wealthy, filed a notice in February with the Connecticut Secretary of State that disclosed the loan.
*Uganda does not rule out Eurobond. "There has been a lot of heat and dramatisation," Maria Kiwanuka told Reuters on the sidelines of a Uganda business forum, saying she had no figures for any aid cuts. Analysts have said Uganda has become less dependent on aid for budget support in recent years.
Digicel founder Denis O'Brien is worth $5.7 billion, due to his mobile phone network provider in Central America and the Caribbean. In an interview at the Milken Global Conference, the former Bank of Ireland deputy governor describes improved conditions in earthquake-ravaged Haiti, thanks to millions of dollars in multinational corporate investment, more than 3 percent economic growth and a 20 percent boost in tourism.
While these may not be the best of times for hedge funds, they're still pretty good for the best of the best.
May 5- Sotheby's and Daniel Loeb on Monday ended their long-running battle and agreed to let to let the billionaire investor and two of his associates join the auction house's board.
May 5- Sotheby's said it reached an agreement with Daniel Loeb's Third Point LLC, giving the hedge fund three seats on the auctioneer's board. Under the deal, Sotheby's will also terminate its shareholder rights plan, or "poison pill," at its annual shareholder meeting on May 6.