Trump Entertainment Resorts asked a Delaware bankruptcy court Wednesday to approve $5 million in debtor-in-possession financing from billionaire Carl Icahn to keep it afloat during its Chapter 11 case. Icahn would invest $100 million into it but only if significant tax breaks are obtained from state and local governments and if the union ends its appeal...» Read More
WASHINGTON, June 16- The U.S. Supreme Court on Monday ruled that creditors can seek information about Argentina's non-U.S. assets in a case about bank subpoenas that is part of the decade-long litigation over Argentina's obligations to bond investors.
Without comment, the high court left intact lower court rulings that ordered Argentina to pay. Argentina is seeking to avoid making full payment to holdout creditors led by hedge funds Aurelius Capital Management and NML Capital Ltd, a unit of billionaire Paul Singer's Elliott Management Corp..
SAO PAULO, June 15- Moise Y. Safra, a billionaire member of the Safra family of financiers, who for over half a century have catered to an affluent clientele spanning from São Paulo to New York and Monte Carlo, died on Sunday, two sources with knowledge of the situation said.
*Slot-machine maker has a market value of nearly $4 bln. MILAN, June 16- Italian lottery operator GTECH is in preliminary talks to buy Las Vegas- based International Game Technology in a cash and shares deal that would make it a significant player in the casino slot machine business.
PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe's Ariane space rocket from U.S. low-cost rival SpaceX. Airbus and Safran shares were both up around 0.4 percent, while the CAC40 index was down 0.2 percent.
MILAN, June 16- Italian lottery operator GTECH said on Monday it was in preliminary talks to buy Las Vegas- based slot machine maker International Game Technology in a deal that could involve a cash and paper offer.
MELBOURNE/ WELLINGTON, June 16- New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea.
*Board to meet on June 18 to discuss projects. DUBAI, June 15- Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.
NEW YORK, May 30- The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said. Spokespeople for Mickelson, the FBI and the SEC declined to comment.
NEW YORK, June 2- Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.
JAKARTA, June 12- The chief executives of Freeport McMoRan Copper& Gold Inc and Newmont Mining Corp are both in Indonesia's capital, marking what might be a last-ditch effort to resolve a dispute over a mineral export tax before a new administration takes over in October.
MADRID, June 12- Spanish billionaire Esther Koplowitz could sell some of her stake in the holding company that controls builder FCC as part of a debt restructuring deal, said a source who is working on the refinancing. FCC shares were the top gainers on Thursday morning on Spain's benchmark index, up 4.75 percent to 17.64 euros per share.
JAKARTA, June 12- The head of Freeport McMoRan Copper& Gold Inc has returned to Indonesia's capital, marking what might be a last-ditch effort to resolve a dispute over a mineral export tax before a new administration takes over in October.
June 12- Golf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co when billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citing people briefed on the probe.
June 11- Golf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co while billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citing people briefed on the probe.
KIEV, June 11- Ukraine is shutting down two banks owned by tycoons close to its ousted president and a smaller lender which has also been hit by the country's economic and political upheaval, a senior banking official said on Wednesday.
Most stereotypes associated with the world's ultra-high-net-worth UHNW)population are just plain wrong, says research house Wealth X Institute.
WASHINGTON, June 10- The U.S. Supreme Court is due to meet behind closed doors on Thursday to consider how to act on Argentina's appeal of lower court decisions ordering the country to pay $1.33 billion to hedge fund creditors.
Ford is looking to add a new environmental option to its tool box and it plans to team up with ketchup maker Heinz to to make it happen.
LONDON, June 10- Auto maker Ford Motor Co is looking to add a new environmental option to its tool box. Ford said on Tuesday it was teaming up with ketchup maker Heinz, owned by billionaire investor Warren Buffett's holding company Berkshire Hathaway Inc and U.S. investment firm 3 G Capital, to look at using tomato fibres in car production.