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Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
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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.
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SANTIAGO, March 15- Codelco's unionized workers threatened on Friday to stage a 24- hour work stoppage at all units of the world's top copper miner within 30 days to demand greater job security and pensions.
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Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
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MEXICO CITY, March 15- An ambitious government plan to shake up Mexico's phone and television markets passed its first hurdle in Congress just days after it was unveiled, but political sniping, legal risks and the power of industry giants could still blunt or delay it.
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The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
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March 14- Billionaire Phil Anschutz has decided to retain ownership in Anschutz Entertainment Group and will terminate the sale process for the sports and entertainment empire, the company said on Thursday.
Most Popular Video
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.