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  • Former Coca-Cola executive Donald Keough dies Tuesday, 24 Feb 2015 | 3:46 PM ET

    Feb 24- Donald Keough, Coca-Cola Co's COO and president during the company's intense "cola war" days with PepsiCo Inc in the' 80 s, has died at the age of 88.. Keough, who came to Coke following the purchase of Duncan Foods in 1960, rose through the ranks and became president and chief operating officer in 1981.. Goizueta and Keough replaced the Coca-Cola formula for the...

  • RIO DE JANEIRO— A judge has suspended auctions of big-ticket assets belonging to Eike Batista, the business magnate who once was Brazil's richest man and now faces charges of insider trading and market manipulation. Federal Judge Messod Azulay ordered the postponement of auctions scheduled for this week and early next month. More than $1 billion worth of...

  • The 175- room Marriott Port-au-Prince is a four-star hotel geared primarily toward travelers looking to do business in Haiti, said Denis O'Brien, chairman of Digicel, the telecommunications company that developed the project adjacent to its Haiti headquarters in the Turgeau neighborhood of the capital. "If a foreign direct investor is going to Haiti, they...

  • LONDON, Feb 24- Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors. The study by the Alternative Investment Management Association found activist hedge funds on average hold a stock for about two years,...

  • LONDON, Feb 23- A billionaire lord who has restyled himself as a pollster is providing Britain with unprecedented information about battleground constituencies ahead of a national election on May 7, potentially influencing some decisive races. A self-made business tycoon who donated over 10 million pounds to the ruling Conservatives in the past, Michael...

  • Drugmaker Valeant to buy Salix for $14.5 billion Sunday, 22 Feb 2015 | 4:07 PM ET

    Salix, a maker of gastrointestinal drugs that has been courted by at least four potential suitors over the last year, has finally found a buyer.

  • Buffett put the 2006 Cadillac DTS for sale on the website Proxibid, specifying that the money would be donated to Girls Inc. of Omaha. "Girls Inc. has benefited multiple times from auction events championed by Warren Buffett, but the Buffett family's endorsement of Girls Inc. and its role in the community has been invaluable," Roberta Wilhelm, the nonprofit's...

  • WILMINGTON, Del., Feb 20- Pineapple king David Murdock heads to a Delaware court on Monday to defend his 2013 buyout of Dole Food Co Inc against shareholders who claim they were short-changed and want more cash. The union pension funds that brought the Delaware case focused on the cozy relationship between Murdock and Deutsche Bank, which are alleged to have...

  • RIO DE JANEIRO— The son of former Brazilian billionaire Eike Batista has won his effort to overturn a conviction on involuntary manslaughter charges for killing a cyclist in 2012.. Thor Batista had been sentenced to two years of community service for the fatal crash, which happened while he drove his Mercedes-Benz SLR McLaren at night through a low-income...

  • NEW YORK— A lawyer appointed to lead negotiations between U.S. bondholders and Argentina over unpaid debts said Thursday the South American nation is not responding to requests to negotiate. District Judge Thomas P. Griesa has issued rulings saying Argentina must pay U.S. bondholders the roughly $1.5 billion they are owed if it makes payments to more than 90...

  • NEW YORK, Feb 19- Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices. This month Citigroup cut its crude price forecasts, saying West Texas Intermediate could go as low as $20 a barrel before...

  • New Mexico Senate panel passes on spaceport sale bill Thursday, 19 Feb 2015 | 5:01 AM ET

    SANTA FE, N.M.— New Mexico lawmakers on Thursday debated the merits of Spaceport America and whether its futuristic hangar, its nearly 2- mile-long runway and the 18,000 acres that surround it will offer a return on taxpayers' nearly quarter-billion-dollar investment. George Munoz, D- Gallup, said lawmakers have a responsibility to ask the question, and that's...

  • DALLAS— Shares of Virgin America Inc. rose Wednesday after the airline easily beat Wall Street expectations for fourth-quarter profit thanks to cheaper jet fuel and more crowded planes. In afternoon trading, the shares were up 84 cents, or 2.5 percent, to $35.06 after peaking at $37.82 earlier in the day. In the fourth quarter, IPO costs pushed net income down to...

  • MEXICO CITY, Feb 17- Mexican billionaire Carlos Slim and his family reduced their exposure to Argentine energy company YPF last year, selling just over 10 million shares, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. The businessman, his family and their companies now directly and indirectly hold 22,070,000 YPF shares,...

  • OMAHA, Neb.— Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall. Berkshire Hathaway Inc. filed an update on the stocks it held at the end of 2014 with the Securities and Exchange Commission Tuesday. Berkshire had only held the Exxon Mobil investment...

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • BANGKOK— Thailand's economy barely grew last year as tourism, investment and exports fell after months of anti-government protests and a May coup. Renowned for its pristine beaches and high quality rice, Thailand is also a manufacturing base for electronics manufacturers and several global automakers, including General Motors Co. and Toyota Motor Corp..

  • MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday aged 89, the company said. His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales of around 8 billion euros and continued to grow through Italy's longest recession...

  • Michele Ferrero, owner of Nutella empire, dies at 89 Saturday, 14 Feb 2015 | 2:31 PM ET

    MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy's longest recession since World War Two.

  • Day in the life of a billionaire  Friday, 13 Feb 2015 | 12:19 PM ET

    CNBC's Eric Chemi takes a look at the "daily" worth over the lifetime of a few billionaires.