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  • MEXICO CITY, Oct 23- Mexico's America Movil said on Thursday its third-quarter net profit fell 38 percent compared with a year earlier, missing expectations as taxes and exchange rate losses rose. The company, which is controlled by the family of billionaire Carlos Slim, said net profit in the July-September period fell to 10.12 billion pesos from 16.38 billion...

  • MEXICO CITY, Oct 23- Mexico's America Movil on Thursday said its third-quarter net profit fell 38 percent compared to a year earlier as taxes rose and the cost of sales jumped. The company, which is controlled by the family of billionaire Carlos Slim, said profit in the July-September period fell to 10.12 billion pesos from 16.38 billion pesos a year earlier.

  • Zuckerberg speaks Chinese, Beijing students cheer Thursday, 23 Oct 2014 | 11:02 AM ET
    Facebook co-founder Mark Zuckerberg speaks during a dialogue with students as a newly appointed member to the advisory board for Tsinghua University School of Economics and Management in Beijing, Oct. 22, 2014.

    China may ban Facebook, but not its co-founder Mark Zuckerberg. He delighted an audience of students in Beijing recently by chatting in Mandarin.

  • LONDON, Oct 23- The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britain's biggest private employer and once the juggernaut of its retail sector, has lost half...

  • Oct 23- Canadian oil and gas producer Husky Energy Inc reported an 11.5 percent rise in quarterly profit, helped by a 10 percent increase in production. Canada's No.3 integrated oil company, controlled by Hong Kong billionaire Li Ka- shing, said total production rose to 341,000 barrels of oil equivalent per day in the third quarter ended Sept. 30, from 309,000 boepd...

  • Oct 23- Husky Energy Inc, Canada's No.3 integrated oil company, reported an 11.5 percent rise in third-quarter profit, helped by an increase in production. The company, controlled by Hong Kong billionaire Li Ka- shing, said net income rose to C $571 million, for the quarter ended Sept. 30, from C $512 million a year earlier. The Calgary, Alberta- based company said total...

  • LAUNCESTON, Australia, Oct 23- There is now no doubt that the big three global iron ore miners are producing record amounts in their bid to dominate the industry. With the lowest cash costs, in the region between $20 to $30 a tonne, and plans to strip out even more costs, they can survive and prosper even if iron ore prices remain weak. The spot price in Asia is down 39...

  • *China, HK fees account for 55 pct of AsiaPac region in 2014. HONG KONG, Oct 23- Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China- a sign of how Beijing's reforms are transforming private capital's role in the world's second-largest economy. Private firms are also...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...

  • Fidelity star manager cuts Herbalife bet in third quarter Wednesday, 22 Oct 2014 | 3:21 PM ET

    BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...

  • Mark Cuban on politics and prosperity   Wednesday, 22 Oct 2014 | 8:16 AM ET
    Mark Cuban on politics and prosperity

    Billionaire investor Mark Cuban talks to CNBC about how to change the political conversation to focus on business and success rather than getting bogged down in social issues.

  • BOSTON, Oct 21- Allergan Inc said on Tuesday it saw no evidence to support claims by hostile suitors Valeant Pharmaceuticals and hedge fund Pershing Square Capital Management that its chief executive officer had spearheaded a campaign to spread misinformation. Pershing Square, run by billionaire William Ackman, has been working with Valeant for months to...

  • NEW YORK, Oct 21- Former SAC Capital portfolio manager Mathew Martoma on Tuesday lost a bid to stay out of prison while he appeals his insider trading conviction, three weeks before he is due to begin serving a nine-year sentence. District Judge Paul Gardephe in New York denied Martoma's request for bail pending his appeal, as well as a separate request to delay his...

  • Africa's youngest billionaire   Tuesday, 23 Sep 2014 | 6:20 AM ET
    Ashish Thakkar, founder and chief executive officer of Mara Group.

    Ashish Thakkar, Mara Group founder, discusses starting a business in Africa and the impact of Ebola on trade.

  • Oracle's dual CEOs   Friday, 19 Sep 2014 | 7:21 AM ET
    Oracle CEO Larry Ellison.

    CNBC's Jon Fortt and Jeffrey Sonnenfeld, Yale School of Management, discuss the two CEOs named to replace Larry Ellison at the helm of Oracle; Mark Hurd and Safra Catz.

  • Ellison's departure 'disruption': Sonnenfeld   Friday, 19 Sep 2014 | 7:17 AM ET
    Ellison's departure 'disruption': Sonnenfeld

    This is a Band-aid solution, says Jeffrey Sonnenfeld, Yale School of Management, providing insight into Oracle's management shakeup and other major changes at top-tier companies, including IBM. And CNBC's Jon Fortt, shares insight.

  • Where to find America's new millionaires   Thursday, 18 Sep 2014 | 6:43 AM ET
    Where to find America's new millionaires

    The geography of wealth in America is shifting to the oil/energy states, reports CNBC's Robert Frank, with a look at a new study that shows where the fastest growth of millionaires occurred last year.

  • Real estate alliance targets wealthy buyers   Wednesday, 10 Sep 2014 | 6:47 AM ET
    Real estate alliance targets wealthy buyers

    Two of the biggest names in real estate are forming a global alliance to create the largest network for homes priced in the top ten percent of the market. CNBC's Robert Frank talks to Howard Lorber, Douglas Elliman chairman and Lord Andrew Hay, Knight Frank, about the global marketplace.

  • India's Reliance plans $13B in energy projects Saturday, 30 Aug 2014 | 1:17 AM ET

    India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • Icahn reports 6.6% stake in Gannett Co. Thursday, 14 Aug 2014 | 7:17 PM ET

    Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.