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Billionaires

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  • LONDON, Aug 5- French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.

  • WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.

  • *Price tag of development project estimated at $20 billion. BEYLA, Guinea, Aug 5- In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest.

  • *Aeroflot gets overflight fees, shares tumble. MOSCOW, Aug 5- Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with one newspaper reporting that European flights to Asia over Siberia could be banned.

  • MUNICH, Germany, Aug 5- A German judge said on Tuesday he would discontinue for now a bribery trial against Formula One boss Bernie Ecclestone following his offer to make a $100 million payment. He ordered Ecclestone to pay $100 million within a week- $99 million to the state and $1 million to a children's charity.

  • MUNICH, Germany, Aug 5- Formula One boss Bernie Ecclestone has offered to make a $100 million payment to end his trial on bribery charges, a district court in Munich said on Tuesday, with state prosecutors saying they would accept his offer. Judge Peter Noll asked Ecclestone if he could make the $100 million payment within a week.

  • MUNICH Aug 5- Formula One boss Bernie Ecclestone has offered to make a $100 million euro payment to end a trial on bribery charges, a district court in Munich said on Tuesday. The state prosecutors told the court they would agree to accept his offer.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face an unusual three-year limit on trading physical U.S. benchmark crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, the CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face three-year limits on trading benchmark U.S. crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Three oil trading firms and two traders agreed to pay $13 million to settle a U.S. regulator's lawsuit accusing them of manipulating oil markets in 2008 as prices were soaring, leading to more than $50 million of illegal profit.

  • China urged to reveal payments on natural resources Monday, 4 Aug 2014 | 6:24 PM ET

    WASHINGTON, Aug 4- China should publicly disclose what it pays African governments for extracting oil, gas and minerals as a way to level the playing field for companies worldwide and help countries get a fair deal for their natural resource wealth, billionaire investor George Soros said on Monday.

  • BOSTON, Aug 4- Billionaire investor William Ackman's Pershing Square Holdings has risen 27.2 percent this year, according to an investor in the fund, after extending its gains modestly last month when many hedge fund managers suffered losses.

  • *Offer now valued at A $5.20 a share vs A $4.70 rejected in May. SYDNEY, Aug 4- Australia's Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts& Co LP after the private equity giant hiked its takeover offer to $3.15 billion, raising the prospect of a bidding war for the world's No.2 winemaker.

  • Billionaire divorces  Friday, 25 Jul 2014 | 2:45 PM ET

    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.

  • Great week to be a billionaire  Wednesday, 23 Jul 2014 | 12:49 PM ET

    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 billionaires fear they'll pay  Monday, 21 Jul 2014 | 4:35 PM ET

    Russian oligarchs are terrified of potential sanctions for their country's politics. CNBC's Robert Frank has the details.

  • Risks for Russia's rich  Monday, 21 Jul 2014 | 1:24 PM ET

    CNBC's Robert Frank reports pressure is growing for the Oligarchs to pay a price for Russia's politics.

  • Leon Cooperman's greatest hits  Tuesday, 15 Jul 2014 | 11:45 AM ET

    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.

  • Hot travel trends for the uber rich  Monday, 14 Jul 2014 | 6:52 AM ET

    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."

  • Chinese tycoon invites homeless to lunch  Wednesday, 25 Jun 2014 | 6:44 AM ET

    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.