GO
Loading...

Billionaires

More

  • Oct 3- Iamgold Corp said on Friday it has agreed to sell its niobium mine in Quebec to a group of companies led by investment firm Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Magris is acquiring the niobium asset in partnership with Singapore's Temasek Holdings and CEF Holdings Ltd, a Hong Kong- based investment company...

  • Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by investment company Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Iamgold, which has assets in Canada, South America and Africa, will get an additional $30 million when commercial production begins at the adjacent...

  • Oct 2- Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett also said Burger King Worldwide Inc's $11.5 billion purchase of Tim Hortons Inc was not a tax-motivated deal. " Berkshire committed $3 billion in preferred equity...

  • Sears Holdings, which has been posting losses since mid-2012, has been closing stores, cutting inventory and selling property and assets after nearly a decade of falling sales. Shareholders of Sears Holdings will have the right to buy one share of Sears Canada for each share held, at a price of C $10.60 per share. Sears Holdings shares rose 5 percent to $26.47 on the...

  • DETROIT, Oct 1- Detroit needs to eradicate blighted properties and keep its art collection in order to thrive once it exits bankruptcy, a billionaire business leader told the city's bankruptcy trial on Wednesday. Blight grows, " Dan Gilbert, founder of Detroit- based mortgage lender Quicken Loans, said after taking the stand in the historic bankruptcy case.

  • Oct 1- Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.

  • RIO DE JANEIRO, Oct 1- In March 2003, three months into her tenure as Brazil's environment minister, Marina Silva gathered a half-dozen aides at the modernist ministry building in Brasilia, the capital. She told them the new government of President Luiz Inácio Lula da Silva was about to embark on a pharaonic infrastructure project for Brazil's arid Northeast.

  • The claim by Eco Agro Resources came in a court filing in U.S. District Court in North Carolina in early September in response to an August patent infringement lawsuit against it by Koch Agronomic Services.

  • RIO DE JANEIRO, Sept 30- Anglo American Plc said on Tuesday that it obtained a Brazilian license to start operating its long-delayed, $14 billion Minas-Rio iron ore mining project, which is expected to enable its first shipment of ore by year-end.

  • BOSTON, Sept 30- Third Point LLC, the hedge fund run by Daniel Loeb that is known for pushing companies to perform better, has taken a "significant" stake in eBay Inc and has had discussions with its chief executive officer, a source familiar with the matter said on Tuesday.

  • Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York- based hedge fund Kynikos Associates LP, in federal court in San Francisco.

  • *Faces charges over acquisition of Bashneft. A Moscow court ordered the seizure of Sistema's stake in Bashneft a day after a judge refused to release Yevtushenkov, who is under house arrest on suspicion of money laundering during the oil firm's acquisition in 2009..

  • Sept 25- Anil Agarwal, the billionaire controller of Vedanta Resources Plc, announced late on Thursday that he and his family had agreed to give 75 percent of their wealth to charity. Agarwal, a one-time scrap metal dealer, made the announcement at an event in London to celebrate the 10 year anniversary of Vedanta's listing on the London Stock Exchange.

  • Sept 25- Anil Agarwal, the billionaire controller of Vedanta Resources Plc, announced late on Thursday that he and his family had agreed to give 75 percent of their wealth to charity. Agarwal, a one-time scrap metal dealer, made the announcement at an event in London to celebrate the 10 year anniversary of Vedanta's listing on the London Stock Exchange.

  • *Telecom Italia board to examine Fintech's proposal Friday. MILAN/ BUENOS AIRES, Sept 25- Investment company Fintech has asked Telecom Italia to further extend an agreement to buy the Italian group's controlling stake in Telecom Argentina, Telecom Italia said on Thursday, in a last-minute attempt to ensure the sale does not fall apart.

  • UPDATE 2-Sears Canada CEO to step down by year-end Thursday, 25 Sep 2014 | 3:59 PM ET

    Sears Canada, which is majority-owned by Sears Holdings Corp, is facing intense competition and has seen its market share erode for years. Campbell's departure comes the same week that the New York Post reported that Sears Holdings' efforts to sell its 51 percent stake in Sears Canada failed to garner any acceptable bids.

  • MOSCOW, Sept 25- Russian businessmen are backing Vladimir Putin over Ukraine but fear the country is being forced down a path towards less democracy, more central control of the economy and isolation that recalls the Soviet "evil empire".

  • NEW YORK, Sept 24- The rapid economic transformation of Myanmar, less than two years after transitioning from military control and opening itself to the world, is not without its rough patches, the nation's top economic minister said on Wednesday.

  • COLUMN-Alibaba and China's slowdown: James Saft Tuesday, 23 Sep 2014 | 3:00 PM ET

    Sept 23- Is it a) funny, b) disturbing, or c) irrelevant that Alibaba went public at a sky-high valuation just at the point at which the red-hot economy which spawned it seems content to settle into a creaky middle age?

  • MEXICO CITY, Sept 23- Spain's Telefonica is considering a range of tie-up options in Mexico with broadcaster Grupo Televisa, including creating a new telecommunications company together, a person with knowledge of the matter said.