Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.» Read More
*Accuses West of seeking to turn Russia into a colony. MOSCOW, Feb 21- A controversial economist and former presidential candidate who accuses the West of conspiring to turn Russia into an economic colony has emerged, sources said, as a leading contender to take charge at the country's central bank.
LONDON, Feb 21- The builder of The Shard skyscraper in London will be the project manager for the planned $1.2 billion, 1,000- metre Kingdom Tower skyscraper in Jeddah, Saudi Arabia.
Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats.
Feb 20- Herbalife Ltd said it will more clearly identify different types of customers, responding to criticism from investors including hedge fund manager William Ackman, and added it has held "short" discussions with billionaire investor Carl Icahn.
NEW YORK, Feb 20- Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund, according to a person familiar with the firm.
AMERICAS: Michael Williams+ 1 646 223 5462. ASIA: Bill Tarrant+ 65 6870 3821. While Russia's President Vladimir Putin has not flinched at the eye-popping expense, some private investors and wealthy oligarchs, recruited by Putin to help foot the bill, are chafing at how much they are expected to do.
Mark Zuckerberg, Sergey Brin and Yuri Milner are teaming up to create the biggest award for real-life science research. CNBC's Jon Fortt has the details.
*Berlusconi halved centre-left lead before polling ban. ROME, Feb 17- Silvio Berlusconi's remarkable fightback ahead of Italy's election has revived a recurring nightmare for the country's center-left- that they can throw away a commanding lead in the final days before the weekend vote.
Mark Zuckerberg, Sergey Brin and Yuri Milner are launching a new foundation with designs on the Nobel Prizes, with CNBC's Jon Fortt.
Harvard leads all universities with some 52 billionaire alumni with a collective fortune of $205 billion, according to a global list of universities.
*America Movil owns nearly 28 pct of KPN. BRUSSELS, Feb 20- Dutch telecoms group KPN said its largest shareholder, America Movil, had backed its plan to raise 4 billion euros and the two would seek to develop joint cost-cutting initiatives.
*Dell Q4 revenue down 11 pct but beats estimates slightly. SAN FRANCISCO, Feb 19- Dell Inc on Tuesday reported a 31 percent drop in profit, hurt by a shrinking consumer business, as investors weighed founder Michael Dell's offer to buy out the world's No.3 maker of personal computers.
Billionaire investor Dan Loeb is trimming back his position in Herbalife, reports CNBC's Scott Wapner.
PARIS, Feb 19- Danone said it will cut around 900 jobs to cope with the downturn in southern Europe that is hurting its core dairy business and aims to return to more profitable growth next year.
MEXICO CITY, Feb 18- Mexico's growth picked up in the final months of last year as strength in consumer spending buoyed Latin America's no. 2 economy but a fall in industrial activity backed bets on lower interest rates ahead.
HONG KONG, Feb 18- Hong Kong shares are likely to rise on Monday as investors are expected to resume buying and consolidate their positions after mainland China markets return from the Lunar New Year break.
American millionaires say they are better off than they were at their 2007 peak.
MIAMI, Feb 15- Global cruise giant Carnival Corp found itself in deep doo-doo this week, due to alarming reports about an engine room fire that left one of its jam-packed U.S. passenger ships adrift and awash in raw sewage in the Gulf of Mexico.
NEW YORK, Feb 15- The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven. Wal-Mart Stores Inc dropped 2.1 percent to $69.30 after Bloomberg News reported a weak start to February sales, citing internal company e-mails.
NEW YORK, Feb 15- Gold prices finished nearly 1.8 percent lower on Friday, extending a week-long trend when several bearish factors, including a rising dollar ahead of the G20 meeting, conspired to push prices below key chart support levels to lows last seen in August.