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
BEIJING/ SHANGHAI, Aug 14- Tencent Holdings, China's largest Internet company by revenue, is betting that one-upmanship between friends playing addictive mobile games will boost revenue from WeChat, a social messaging app used by over half of all Chinese smartphone users.
Jan 7- Forest Laboratories Inc is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings Inc from private equity firm TPG Capital LP for about $3 billion, a person familiar with the matter said on Tuesday.
FORT LAUDERDALE, Fla., Jan 7- A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion investigation that shook Swiss banking to the core.
*Boeing shares rise almost 2 percent. On Monday, Boeing said unidentified airlines had placed orders at the end of 2013 for 164 such medium-haul aircraft. Industry sources said at least part of the SpiceJet order is included among those latest unidentified orders and is therefore already part of Boeing's backlog of new business.
*SEC seeking $1.15 million, including fine, from Tourre. District Judge Katherine Forrest in Manhattan on Tuesday said jurors did not make a mistake on Aug. 1 in finding Tourre liable on six of the seven civil charges brought by the U.S. Securities and Exchange Commission.
MIAMI, Jan 7- A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty to tax fraud conspiracy on Tuesday in federal court in Florida. He was declared a fugitive a few months later, but then was arrested in mid-October on a warrant from Interpol while on vacation in Bologna, Italy.
Boeing said on Monday that unidentified airlines had placed orders for 164 similar aircraft as it reported its final tally for 2013.. Industry sources said at least part of the SpiceJet order is included in this list and is therefore already part of Boeing's backlog of unfilled orders. A spokeswoman for Boeing declined to comment.
MIAMI, Jan 7- A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts is expected to plead not guilty on Tuesday to tax fraud conspiracy in federal court in Florida.
Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, even as it pleaded guilty to insider trading charges.
BOSTON, Dec 31- Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.
BOSTON, Dec 31- Billionaire investor Steven A. Cohen's SAC Capital Advisors returned 20.10 percent this year, delivering some of the industry's best returns, even as his hedge fund pleaded guilty to insider trading charges and prepared to return outside capital.
*Past farmland purchases focused on Africa, developing world. *Now focus is on Europe, North America, Australasia. Projects in Europe, North America and Australasia tend to be more expensive and offer less scope to build vast estates like in Africa.
Dec 29- Billionaire Harold Simmons, one of the richest men in America and a major contributor to the Republican Party, has died in his native Texas at 82.. The death, confirmed in a statement by Texas Governor Rick Perry, was first reported on the website of the Dallas Morning News which said he died on Saturday at Baylor University Medical Center at Dallas.
SAN FRANCISCO, Dec 27- Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock. Apple's stock lost a quarter of its value over that one-year period.
Dec 26- LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp..
LONDON, Dec 24- Brazilian investment bank Grupo BTG Pactual SA will step up its expansion in commodities and add about 100 more staff in London, a person familiar with the matter said on Tuesday.
BOSTON, Dec 23- Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. Herbalife spokeswoman Barbara Henderson said the company has no comment.
Dec 23- Regency Energy Partners LP, owned by billionaire Kelcy Warren's Energy Transfer Equity LP, said it would buy pipeline and related assets for about $1.6 billion to take advantage of soaring crude production in Texas.
Police are still searching for a Chinese billionaire and French winemaker after their helicopter went down in the Bordeaux region of France, reports CNBC's Robert Frank.
BEIJING, Dec 23- JD.com, China's second-largest e-commerce site, is set to exceed 100 billion yuan in annual sales for the first time in a market that has drawn investment from global retailing names such as Amazon and Wal-Mart.