CONAKRY, Guinea— The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. Government spokesman Damantang Camara announced late Friday that Guinea would follow the committee's recommendation.» Read More
Ukraine said on Saturday it was suspending payments to Russia for deliveries of gas, ratcheting up the tension in a standoff.
KIEV, April 12- Ukraine said on Saturday it was suspending payments to Russia for deliveries of gas, ratcheting up the tension in a standoff that has the potential to leave European Union states cut off from the Russian gas supplies on which they depend.
*He says gas exports shifting to Asia, away from Europe. *In talks with China on dropping dollar transactions. MOSCOW, April 12- Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kremlin following Russia's annexation of Crimea, said being singled out by Washington was a badge of honour.
NEW YORK/ BOSTON, April 11- The U.S. Federal Bureau of Investigation is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday.
MEXICO CITY, April 11- AT&T has sold more than 300 million shares in billionaire Carlos Slim's America Movil, following up on other sales last year, a filing with the U.S. Securities and Exchange Commission showed on Friday.
WASHINGTON— A nonprofit group backing President Barack Obama's agenda raised nearly $6 million during the first three months of 2014.. Organizing for Action says it received more than 124,000 contributions since the start of the year, raising $5.88 million since January.
EBay shares rose 18 cents to $54.26 in morning trading. Billionaire investor Carl Icahn has been pushing eBay to spin off PayPal, a mobile payment business that is growing faster than the rest of the company.
DAKAR, April 11- Entrepreneurs are central to bridging Africa's widening inequality gap but most governments on the continent are not doing enough to help them, the regional head of billionaire Pierre Omidyar's philanthropic arm said.
RIO DE JANEIRO/ SAO PAULO, April 11- Brazil's security regulator believes that Eike Batista engaged in insider trading, newspaper Valor Economico reported on Friday, the latest blow to the tycoon, a one-time billionaire at the center of the country's largest corporate meltdown.
SAO PAULO, April 11- Brazil's security regulator believes that tycoon Eike Batista engaged in insider trading, newspaper Valor Economico reported on Friday, saying his oil company waited 10 months to inform shareholders that four oil fields were not commercially viable.
*Australia's Padbury Mining says ready to build new iron ore port. Padbury Mining said it was obtaining the funds from private Australian equity investors, who required anonymity, with an initial $470 million due in 40-45 days.
In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.
SAN FRANCISCO/ NEW YORK, April 10- Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May.
In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz. The sentencing marks the end of an era for SAC Capital, which by last year had managed $15 billion of assets.
WASHINGTON— Eleven Senate Democrats, including six who face contested races this year, urged President Barack Obama on Thursday to approve the Keystone XL oil pipeline by the end of May.
To resolve criminal and civil probes into insider trading, SAC Capital has agreed to pay more than $1.8 billion in total. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.
NEW YORK, April 10- Activist investor Carl Icahn has dropped his call for eBay Inc to split off its fast-growing PayPal payments unit but has suggested he would keep pressure on the e-commerce company.
The sentencing marks the end of an era for SAC Capital, a hedge fund that last year managed $15 billion but found itself in federal investigators' cross-hairs. An indictment unveiled in July alleged systemic insider trading took place at SAC Capital involving the stocks of more than 20 publicly-traded companies from 1999 through 2010..
April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.
AHMEDABAD, India, April 10- The way billionaire Indian infrastructure-builder Gautam Adani sees it, working with the government does not make him a crony-capitalist.