Billionaires
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Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.
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RIO DE JANEIRO, March 24- Brazilian billionaire Eike Batista needs partners to help fund the expansion of his EBX Group, a situation that could lead him to cut his stake in EBX companies by more than half, fellow billionaire Andre Esteves told the Estado de S. Paulo newspaper.
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NEW YORK, March 23- New York City Mayor Michael Bloomberg, a staunch advocate of tougher gun control laws, will bankroll a $12 million national advertising campaign aimed at key members in the U.S. Senate, the mayor said in an interview with The New York Times published on Saturday.
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NEW YORK, March 23- Dell Inc appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war for the world's No. 3 PC maker.
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NEW YORK, March 23- Dell Inc appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war for the world's No. 3 PC maker.
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The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
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CNBC's Robert Frank reports billionaire Harold Hamm's divorce could take the top spot as the most expensive divorce on record.
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NEW YORK/ BOSTON, March 21- Dell Inc is set to disclose next week that its largest independent investor, Southeastern Asset Management, originally expressed interest in joining the proposed leveraged buyout deal that it now opposes, according to two people familiar with the matter.
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LONDON, March 21- The president of BSG Resources, the mining arm of billionaire Beny Steinmetz's business empire, has been barred from Guinea, where the company is battling a review of its right to mine half of the giant Simandou iron ore deposit.
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MOSCOW, March 21- Cyprus is in talks with Moscow on raising billions of euros in investments from Russia as an alternative to imposing a tax on Cypriot bank deposits, hoping to lift the barrier to an EU bailout.
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BOSTON/ WASHINGTON, March 20- A former hedge fund manager turned environmental activist who opposes the Keystone XL pipeline has waded into the Massachusetts U.S. Senate race, threatening to undermine a pledge by the two Democratic candidates to reject outside money.
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*Aurelius says unit's directors shortchanged creditors. Aurelius accused Energy Future Chief Executive John Young and the other directors of showing a "demonstrated indifference" to creditors stemming in part from conflicts of interest, and said these directors should pay the interest owed.
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*Aurelius says unit's directors shortchanged creditors. Aurelius accused Energy Future Chief Executive John Young and the other directors of showing a "demonstrated indifference" to creditors stemming in part from conflicts of interest, and said these directors should pay the interest owed.
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While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
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*Lion Air CEO orders 234 Airbus jets in VIP French ceremony. Together with a $21 billion Boeing order witnessed by U.S. President Barack Obama barely a year ago, the sums spent by his Indonesian low-cost carrier, Lion Air, would easily cover Europe's new bailout of Cyprus-- even after steep discounts.
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*Russians have stashed huge sums in Cyprus. MOSCOW, March 18- Russians responded angrily on Monday to the threat of a levy on bank deposits in Cyprus that could end the Mediterranean island's appeal as a safe haven for their money and cost them billions of euros.
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Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
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TOYKO/ MANILA, March 17- The FBI and Philippine investigators probing potential bribery related to Universal Entertainment Corp's bid to build a casino in Manila have zeroed in on a $25 million payment the Japanese company now says should never have been made. The FBI is involved because the payment originated from a Universal subsidiary based in Nevada.
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SAN FRANCISCO, March 15- Access to one of California's most exclusive strips of sand will soon become easier as a Malibu homeowner settles a decade-long legal battle that will result in a paved path to Carbon Beach, better known as "Billionaire's Beach."
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MEXICO CITY, March 15- Shares of Mexican tycoon Carlos Slim's phone giant America Movil fell almost 5 percent on Friday, a day after a congressional committee passed an ambitious bill that aims to loosen his hold on the telecommunications market.
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BOSTON/ NEW YORK, March 15- Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney, whose stock has dropped 21 percent this year.