The Blackstone Group paid a bounty last year for its billionaire CEO Stephen Schwarzman, making him stand out on Wall Street.» Read More
NEW YORK, Sept 5- Dollar General Corp's sweetened $9.1 billion proposal to buy Family Dollar Stores Inc may fall short of allaying its smaller rival's fears U.S. antitrust regulators will block the deal, according to two sources familiar with the matter.
Sept 4- Fractyl Laboratories Inc, which is developing a therapy to treat type 2 diabetes, said it has raised $40 million in series C funding led by investment firm Mithril Capital Management.
MOSCOW, Sept 4- Before the Internet, Anton Nossik remembers painstakingly copying out Soviet dissident Joseph Brodsky's forbidden writings on a clattering typewriter for samizdat publications.
Sept 3- Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded, replacing Daniel Doctoroff who has decided to step aside, the company said on Wednesday. Bloomberg LP, in which Bloomberg is the majority shareholder, said Doctoroff would step aside as president and chief executive at year-end.
NEW YORK, Sept 3- Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion.
Sept 3- Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. Federal-Mogul shares were up 2.4 percent at $17.67 in early trading on the Nasdaq. Icahn Associates Corp held about 80 percent of Federal-Mogul as of June 30.
PARIS, Sept 3- A long and bitter battle that has gripped the luxury goods industry and pitted two of France's richest families against each other came to an unexpected end on Wednesday when LVMH and Hermes agreed to a truce.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 3- There was maybe more than a touch of hubris in Rio Tinto boss Sam Walsh's recent comment that it's time for other iron ore producers to "really feel the consequences" of the current low price.
NEW YORK, Sept 2- U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. In 2011, former billionaire and Galleon Group hedge fund founder Raj Rajaratnam received an 11- year sentence for an insider trading scheme that netted him $63.8 million in illicit profits.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.
An Indonesian man sold millions of dollars of fake French wine to the wealthy was sentenced to 10 years in jail in Manhattan federal court.
Citadel CEO Ken Griffin has filed for divorce from his wife of 10 years. CNBC's Robert Frank has the details of the divorce, as well as a statistic on whether billionaires are more prone to divorce.
Hedge fund billionaire John Paulson netted $1.3 billion on an M&A deal, and Carl Icahn and Bill Ackman are "trading places" on Herbalife, reports CNBC's Kate Kelly.
Russian oligarchs are terrified of potential sanctions for their country's politics. CNBC's Robert Frank has the details.
CNBC's Robert Frank reports pressure is growing for the Oligarchs to pay a price for Russia's politics.
Legendary hedge fund manager Leon Cooperman's Omega Advisors has $10.7 billion in assets. In this collection of interviews, the Bronx-born, tough-talking, no-nonsense billionaire, shares his favorite stocks; why he really sold GM and his definition of having it all.
Klara Glowczewska, Town & Country Magaine, discusses this year's top luxury getaway destinations for the very wealthy, including philanthropic travel packages, and visiting "The Brando."
Mogul Chen Guangbiao is hoping to improve U.S.-China relations by hosting a charity lunch for several hundred poor Americans in New York City's Central Park, reports CNBC's Eunice Yoon.
Most stereotypes associated with the world's ultra-high-net-worth UHNW)population are just plain wrong, says research house Wealth X Institute.