GO
Loading...

Billionaires

More

  • NEW YORK, Sept 8- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit $9.3 million.

  • NEW YORK, Sept 8- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit $9.3 million.

  • ATLANTA, Sept 8- S. Truett Cathy, the founder of the Chick-fil-A fast-food chain known for its chicken sandwiches as well as for its president's public opposition to gay marriage, died on Monday at age 93, the company said.

  • *Rakuten shares fall 4.2 pct on concerns about acquisition. *Follows string of overseas purchases for Rakuten.

  • WASHINGTON, Sept 8- U.S. Export-Import Bank, caught in a rare political storm over its mission, is fighting for survival and its best line of defense is to debunk criticism that the 80- year-old institution favors corporate giants over small businesses.

  • NEW YORK, Sept 5- Argentina still has "unresolved" issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.

  • NEW DELHI, Sept 5- Australian Prime Minister Tony Abbott sealed a civil nuclear deal to sell uranium to India on Friday and also offered to increase supplies of conventional fuel to help it overcome chronic shortages.

  • NEW DELHI, Sept 5- Australian Prime Minister Tony Abbott said he would seal a civil nuclear deal to sell uranium to India on Friday, offering to ramp up supplies of energy to help the emerging Asian giant overcome chronic shortages. Prime Minister Narendra Modi greeted Abbott with full state honours during his two-day visit to India.

  • NEW YORK, Sept 5- Dollar General Corp's sweetened $9.1 billion proposal to buy Family Dollar Stores Inc may fall short of allaying its smaller rival's fears U.S. antitrust regulators will block the deal, according to two sources familiar with the matter.

  • Sept 4- Fractyl Laboratories Inc, which is developing a therapy to treat type 2 diabetes, said it has raised $40 million in series C funding led by investment firm Mithril Capital Management.

  • MOSCOW, Sept 4- Before the Internet, Anton Nossik remembers painstakingly copying out Soviet dissident Joseph Brodsky's forbidden writings on a clattering typewriter for samizdat publications.

  • Sept 3- Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded, replacing Daniel Doctoroff who has decided to step aside, the company said on Wednesday. Bloomberg LP, in which Bloomberg is the majority shareholder, said Doctoroff would step aside as president and chief executive at year-end.

  • NEW YORK, Sept 3- Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion.

  • Sept 3- Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. Federal-Mogul shares were up 2.4 percent at $17.67 in early trading on the Nasdaq. Icahn Associates Corp held about 80 percent of Federal-Mogul as of June 30.

  • UPDATE 2-LVMH and Hermes call truce in "handbag war" Wednesday, 3 Sep 2014 | 8:25 AM ET

    PARIS, Sept 3- A long and bitter battle that has gripped the luxury goods industry and pitted two of France's richest families against each other came to an unexpected end on Wednesday when LVMH and Hermes agreed to a truce.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 3- There was maybe more than a touch of hubris in Rio Tinto boss Sam Walsh's recent comment that it's time for other iron ore producers to "really feel the consequences" of the current low price.

  • NEW YORK, Sept 2- U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. In 2011, former billionaire and Galleon Group hedge fund founder Raj Rajaratnam received an 11- year sentence for an insider trading scheme that netted him $63.8 million in illicit profits.

  • MIAMI, Sept 1- When Charlie Crist last governed Florida, his green energy and climate policies made him few friends among the state's powerful electricity corporations.

  • MUMBAI, Aug 30- India's federal police have filed charges against a former minister, his media mogul brother, and a Malaysian tycoon over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago.

  • India's Reliance plans $13B in energy projects Saturday, 30 Aug 2014 | 1:17 AM ET

    India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.