GO
Loading...

Billionaires

More

  • The 2nd U.S. Circuit Court of Appeals ruled on Wednesday that Argentina could not continue to pay creditors who agreed to restructure their bonds after its 2001-02 default on $100 billion in debt unless it also paid $1.33 billion to the holdouts demanding full payment.

  • NEW YORK, June 20- Argentina may hyperventilate about greedy hedge funds right up to and past the point of another default on $100 billion of bonds, but posturing and talk won't stop events beyond its control from forcing a settlement with holdout bondholders, whether it's next week, next month or next year, experts said.

  • Oracle slumps, Carmax surges after results. NEW YORK, June 20- U.S. stocks rose on Friday, pushing the Dow and the S&P 500 to record levels and setting the benchmark index up to score its fourth weekly advance over the past five.

  • *Oracle slumps, Carmax surges after results. NEW YORK, June 20- U.S. stocks climbed on Friday, lifting the S&P index to a third straight intraday high and its sixth day of gains, with the benchmark index also poised to notch its fourth weekly advance over the past five.

  • *Oracle slumps in premarket after results. *Carmax surges in premarket after earnings. *Oracle Corp shares were down 6.3 percent to $39.82 before the opening bell after it posted fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services.

  • US STOCKS-Futures flat after five-day winning streak Friday, 20 Jun 2014 | 7:50 AM ET

    *Oracle slumps in premarket after results. NEW YORK, June 20- U.S. stock index futures were little changed on Friday, on the heels of a five-day rally in the S&P 500 that sent the benchmark index to its latest record high, putting it on track for its fourth weekly gain in the last five.

  • June 19- Midstream energy company Targa Resources Corp said on Thursday it is no longer in discussions with Energy Transfer Equity LP, the pipeline company controlled by billionaire Kelcy Warren, regarding a deal.

  • June 19- Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started.

  • BUENOS AIRES, June 19- Argentina hasn't prepared a team to go to New York to negotiate with holdout bondholders, Cabinet chief Jorge Capitanich said on Thursday, casting doubt over whether it will seek a deal to stave off a debt default.

  • New airport plan for Mexico City eyes 6 runways - sources Thursday, 19 Jun 2014 | 10:39 AM ET

    MEXICO CITY, June 19- Mexico is reviewing design plans for a new 120 billion peso Mexico City airport which will eventually have six runways and should begin operating by 2018, according to sources familiar with the plan.

  • SYDNEY/ JOHANNESBURG, June 19- Australian retailer David Jones Ltd has postponed a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths after Australian billionaire Solomon Lew amassed a stake that could scupper the deal.

  • *Rocket Internet building online empire outside US, China. Rocket Internet is bidding to create the largest internet empire outside the United States and China, seeking to replicate the success of Amazon and Alibaba in markets the U.S. and Chinese e-commerce groups have yet to dominate, such as Africa, Latin America and Russia.

  • NEW YORK, June 18- Just because the one-time billionaire hedge fund manager Raj Rajaratnam engaged in insider trading doesn't mean his younger brother did as well, a lawyer for Rengan Rajaratnam told jurors on Wednesday.

  • *China e-commerce firm's shares surge after listing. *Tencent link heightens rivalry with Alibaba. BEIJING, June 18- With an iron grip, JD.com Inc founder Richard Liu has dragged China's number two online retailer from a Beijing backwater to a rich New York listing.

  • NEW YORK, June 17- Argentina's prospects for finally closing out its 12- year-old default on $100 billion of debt will depend on more political and legal maneuvering, a motivated U.S. judge and the fatigue of investors, now that it has lost an epic battle with holdout creditors in the U.S. courts.

  • NEW YORK, June 17- Argentina's prospects for finally closing out its 12- year-old default on $100 billion of debt will depend on more political and legal maneuvering, a motivated U.S. judge and the fatigue of investors, now that it has lost an epic battle with holdout creditors in the U.S. courts.

  • NEW YORK, June 17- Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer.

  • WASHINGTON/ BUENOS AIRES, June 16- President Cristina Fernandez vowed on Monday to find a way to service Argentina's restructured debt despite suffering a major setback in a long legal battle against "holdout" investors that pushed the country closer to a new default.

  • PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to pool their efforts on space launchers, taking the first step towards what could become a unified European company to prevent the Ariane space rocket being eclipsed by U.S. low-cost rival SpaceX.

  • WASHINGTON/ BUENOS AIRES, June 16- The U.S. Supreme Court declined on Monday to hear Argentina's appeal over its battle with hedge funds that refused to take part in its debt restructurings, an unexpected move that risks toppling Latin America's No 3 economy into a new default.