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  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key investor in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 7.5 percent on the news.

  • Virgin America shares jump in public-trading debut Friday, 14 Nov 2014 | 9:13 AM ET

    Virgin America made a successful takeoff in its public trading debut Friday. After years of losing money, Virgin America is now profitable. The airline priced the shares at $23, near the middle of its announced range of $21 to $24 each, and raised more than $300 million before expenses.

  • MOSCOW, Nov 14- A Russian court extended the house arrest of billionaire Vladimir Yevtushenkov on Friday just weeks after his shares in an oil company were seized, pressing a case some investors say signals a return to state intervention in business. Moscow's Basmanny court ruled that Yevtushenkov should be held for another four months on suspicion of money...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key shareholder in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 8.4 percent on the news.

  • Stocks end mostly up as gains extend into 4th week Friday, 14 Nov 2014 | 12:16 AM ET

    NEW YORK— Stocks ended mostly higher on Friday as major indexes extended gains for a fourth week in a row, a rare stretch for this year. "The market has continued to surprise me with its strength," said Uri Landesman, president of Platinum Partners, an investment fund in New York. Stocks have been mostly rising since Oct. 15, when the S&P 500 nearly fell into a "correction," a...

  • For billionaire Warren Buffett, P&G's tide has crested Thursday, 13 Nov 2014 | 5:38 PM ET

    NEW YORK, Nov 13- Procter& Gamble Co., one of Warren Buffett's top portfolio holdings, is about to lose the billionaire's influential backing at a time when it appears the company's own fortunes have peaked. Thursday's agreement by Buffett's Berkshire Hathaway Inc. to turn over the $4.7 billion in shares it owns in the world's largest consumer products company...

  • NEW YORK/ SAO PAULO, Nov 13- A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings. Herbalife has become one of America's most closely-watched companies after billionaire investors...

  • Lincoln Center to rename Avery Fisher Hall Thursday, 13 Nov 2014 | 2:20 PM ET
    Philip Kirschner, Katherine G. Farley, chairwoman of the Lincoln Center, Jed Bernstein, its president, Nancy Fisher and Charles Avery Fisher stand outside Avery Fisher Hall, the longtime home of the New York Philharmonic, Nov. 12, 2014.

    Lincoln Center is essentially paying Avery Fisher's family $15 million for permission to drop his name from the NY Phil's home. The NYT reports.

  • UPDATE 3-Buffett's Berkshire buys P&G's Duracell Thursday, 13 Nov 2014 | 12:09 PM ET

    *Buffett to return $4.7 billion worth of shares to P&G. Nov 13- Warren Buffett's Berkshire Hathaway Inc said on Thursday it would buy Procter& Gamble Co's Duracell battery unit in a stock swap, taking over a business the billionaire has supported for nearly two decades. The addition of Duracell, whose batteries are known for their copper-colored tops, gives...

  • AP: Taj Mahal closes Dec. 12 if union keeps appeal Thursday, 13 Nov 2014 | 10:33 AM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts said it will close the Taj Mahal on Dec. 12 if its main union doesn't drop an appeal of a court-ordered savings package. CEO Robert Griffin told The Associated Press on Thursday that the company has notified the state Division of Gaming Enforcement of the planned shutdown date. The company said relief from health...

  • US stocks close higher as Dow Jones hits record Thursday, 13 Nov 2014 | 4:54 AM ET

    NEW YORK— Stocks wavered between small gains and losses on Thursday to close little changed as traders weighed generally strong earnings reports against the falling fortunes of energy companies. Indexes rose from the opening of trading following encouraging quarterly results from Wal-Mart Stores and the media giant Viacom, then flitted up and down most of...

  • Televisa, Mexico's top broadcaster and pay TV provider, is rolling out services that compete with Slim's phone company. Televisa executives filed a complaint with Mexico's new telecom regulator, claiming that Telmex had sent calls made to a cable TV service line to the phone of one of Televisa's customers during four hours last Friday. The new regulations are...

  • NEW YORK, Nov 12- Six weeks after winning an order worth nearly $300 million against Texas businessman Sam Wyly and the estate of his deceased brother, Charles, the U.S. Securities and Exchange Commission returned to court on Wednesday looking for more. "The Wylys weren't just insiders," SEC lawyer Bridget Fitzpatrick said. "There's no attempt from... the SEC to...

  • NEW YORK, Nov 12- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, on Wednesday lost a bid to stay out of prison while he appeals his insider trading conviction. The 2nd U.S. Circuit Court of Appeals in New York lifted a stay that had enabled Martoma to avoid beginning a nine-year prison sentence for...

  • NEW YORK, Nov 12- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, on Wednesday lost a bid to remain out of prison while he appeals his insider trading conviction. The decision by the 2nd U.S. Circuit Court of Appeals in New York was a blow to Martoma's efforts to avoid commencing a nine-year prison...

  • LISBON, Nov 11- Angolan investor Isabel dos Santos said on Tuesday she was willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent Brazil's Oi from selling PT's assets to a rival party. Dos Santos launched the bid for Portugal Telecom, a holding company with a 25.6 percent stake in the combined Oi-PT company, partly in an attempt to...

  • Taj Mahal asks union to drop cost-savings appeal Monday, 10 Nov 2014 | 4:16 PM ET

    ATLANTIC CITY, N.J.— The parent company of Atlantic City's Trump Taj Mahal Casino Resort gave its union an ultimatum Monday: Drop your appeal of a court-ordered cost savings package or we shut the casino down and put 3,000 workers on the street. Describing itself as "a very sick patient lying on his death bed," Trump Entertainment Resorts wrote to its 3,000 employees,...

  • Children: Late billionaire diverted millions Monday, 10 Nov 2014 | 6:26 AM ET

    PITTSBURGH— The children of a late Pittsburgh billionaire say trustees allowed him to divert funds from a family trust to cover losses by his newspapers. Richard Mellon Scaife's children said in court documents last week the trust— worth $210 million in 2005— was drained when he died July 4. Jennie and David Scaife say trustees allowed their banking and oil heir...