GO
Loading...

Billionaires

More

  • Iron ore gloom chills Fortescue bond sale Thursday, 19 Mar 2015 | 4:37 AM ET

    NEW YORK/ MELBOURNE, March 19- A treacherous snowstorm snarled flights the day Fortescue Metals Group's CFO touched down in New York on a mission to tap the loan market for $2.5 billion to help the world's no.4 iron ore miner ride out collapsing iron ore prices. The timing was terrible- as Stephen Pearce battled through the frigid Manhattan weather, another squall...

  • Gates, Bloomberg take on Big Tobacco with $4M fund Thursday, 19 Mar 2015 | 4:33 AM ET
    Michael Bloomberg

    Countries facing potentially pricey legal challenges from big tobacco firms are to get help from a fund created by Bill Gates and Michael Bloomberg.

  • MEXICO CITY, March 18- Mexican telecommunications company Axtel will become the first virtual operator on billionaire Carlos Slim's mobile network, Axtel said in a statement on Wednesday. The arrangement came about as part of talks that ended a long-standing dispute about interconnection charges between Axtel and Slim's America Movil.

  • RIO DE JANEIRO, March 18- Brazil's securities regulator fined former billionaire Eike Batista 1.4 million reais for failing to promptly let investors know about a takeover and the delisting of parts of his once-giant EBX energy, mining, port and shipbuilding group. The regulator fined Batista 300,000 reais because responses to media reports about a takeover...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator CVM said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of companies as his EBX energy, mining, port and shipbuilding empire tottered and then collapsed. The regulator fined Batista 300,000 reais because...

  • LOS ANGELES— A judge dismissed a lawsuit by Herbalife shareholders who claimed that the business structure and marketing practices of the weight loss and nutritional supplements company violated the law and that they lost money because it amounts to a pyramid scheme. Plaintiffs did not show that accusations by activist investor Bill Ackman proved fraud by...

  • RICHMOND, Va.— Former New York Mayor Michael Bloomberg and Microsoft Corp. co-founder Bill Gates are launching a fund to help low- and middle-income countries fight often long and expensive legal battles with the tobacco industry. The newly created Anti-Tobacco Trade Litigation Fund backed by $4 million from Bloomberg Philanthropies and the Bill& Melinda...

  • LONDON, March 18- Developing countries facing potentially pricey legal challenges from big tobacco firms are to get help from a new $4 million fund created by the philanthropists Bill Gates and Michael Bloomberg. Bloomberg and Gates, the billionaire co-founder of Microsoft, cited examples such as Uruguay, which since 2010 has been fighting a legal challenge...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of a company as his EBX energy, mining, port and shipbuilding empire collapsed starting in 2013.. The regulator fined Batista 300,000 reais because responses...

  • LONDON, March 18- Developing countries facing potentially pricey legal challenges from big tobacco firms are to get help from a new $4 million fund created by the philanthropists Bill Gates and Michael Bloomberg. Bloomberg and Gates, the billionaire co-founder of Microsoft, cited examples such as Uruguay, which since 2010 has been fighting a legal challenge...

  • LONDON, March 18- The British government is still considering Russian billionaire Mikhail Fridman's acquisition of North Sea gas fields, but has made clear it has the power to require him to sell the assets, Prime Minister David Cameron's spokesman said on Wednesday. Fridman, whose fund LetterOne bought 11 UK gas fields as part of a 5 billion euro takeover of...

  • Google's moonshots, gender bias at South by Southwest Wednesday, 18 Mar 2015 | 3:01 AM ET

    The head of Google's division talked about testing driverless cars and delivery drones, gender bias in tech was a hot topic and event-goers checked out the latest products and companies on the trade show floor. Some of Google's most secretive projects like Google Glass and driverless cars have come out of its five-year-old division, so attendees flooded in...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group a 100 billion yuan credit lifeline, as a slump in China's key property sector pressure one of the biggest and most indebted developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four major state-owned banks since...

  • SYDNEY/ NEW YORK, March 18- Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, pulled a $2.5 billion high-yield bond issue after investors rattled by tumbling ore prices balked at the offer, sending its shares to six-year lows. The scrapped refinancing deal is the latest sign of anxiety about massive oversupply in the iron ore...

  • Based on the real-life streets of Atlantic City, Monopoly is one of the world's most popular board games. The city's mayor, Don Guardian, says Monopoly remains relevant in present-day Atlantic City, where the casino industry is shrinking, taxes are rising, and the city and state are racing to build new attractions less dependent on gambling to bring in tourists...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group 100 billion yuan in credit, as the slump in China's key real estate sector extends to one of the biggest and most indebted property developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four state-owned banks since...

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • NEW YORK, March 17- Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared's largest lender. The plan is designed to compete with a LightSquared-backed one whose fairness is the subject of an...

  • LONDON, March 17- Russian billionaire Mikhail Fridman is preparing to sell North Sea gasfields at the heart of its fierce battle in Britain, bowing to government pressure and choosing to avoid a legal battle he previously threatened, the Financial Times reported. The FT cited sources familiar with the plans as saying Fridman's LetterOne Group is close to...

  • The top 10 books on Apple's iBooks-US Tuesday, 17 Mar 2015 | 2:03 PM ET

    1. The Girl on the Train by Paula Hawkins- 9780698185395-. 5. The Longest Ride by Nicholas Sparks- 9781455520664-. 6. Dead Wake by Erik Larson- 9780553446753-.