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  • LONDON, Feb 24- Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors. The study by the Alternative Investment Management Association found activist hedge funds on average hold a stock for about two years,...

  • LONDON, Feb 23- A billionaire lord who has restyled himself as a pollster is providing Britain with unprecedented information about battleground constituencies ahead of a national election on May 7, potentially influencing some decisive races. A self-made business tycoon who donated over 10 million pounds to the ruling Conservatives in the past, Michael...

  • Drugmaker Valeant to buy Salix for $14.5 billion Sunday, 22 Feb 2015 | 4:07 PM ET

    Salix, a maker of gastrointestinal drugs that has been courted by at least four potential suitors over the last year, has finally found a buyer.

  • Buffett put the 2006 Cadillac DTS for sale on the website Proxibid, specifying that the money would be donated to Girls Inc. of Omaha. "Girls Inc. has benefited multiple times from auction events championed by Warren Buffett, but the Buffett family's endorsement of Girls Inc. and its role in the community has been invaluable," Roberta Wilhelm, the nonprofit's...

  • WILMINGTON, Del., Feb 20- Pineapple king David Murdock heads to a Delaware court on Monday to defend his 2013 buyout of Dole Food Co Inc against shareholders who claim they were short-changed and want more cash. The union pension funds that brought the Delaware case focused on the cozy relationship between Murdock and Deutsche Bank, which are alleged to have...

  • RIO DE JANEIRO— The son of former Brazilian billionaire Eike Batista has won his effort to overturn a conviction on involuntary manslaughter charges for killing a cyclist in 2012.. Thor Batista had been sentenced to two years of community service for the fatal crash, which happened while he drove his Mercedes-Benz SLR McLaren at night through a low-income...

  • NEW YORK— A lawyer appointed to lead negotiations between U.S. bondholders and Argentina over unpaid debts said Thursday the South American nation is not responding to requests to negotiate. District Judge Thomas P. Griesa has issued rulings saying Argentina must pay U.S. bondholders the roughly $1.5 billion they are owed if it makes payments to more than 90...

  • NEW YORK, Feb 19- Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices. This month Citigroup cut its crude price forecasts, saying West Texas Intermediate could go as low as $20 a barrel before...

  • New Mexico Senate panel passes on spaceport sale bill Thursday, 19 Feb 2015 | 5:01 AM ET

    SANTA FE, N.M.— New Mexico lawmakers on Thursday debated the merits of Spaceport America and whether its futuristic hangar, its nearly 2- mile-long runway and the 18,000 acres that surround it will offer a return on taxpayers' nearly quarter-billion-dollar investment. George Munoz, D- Gallup, said lawmakers have a responsibility to ask the question, and that's...

  • MEXICO CITY, Feb 17- Mexican billionaire Carlos Slim and his family reduced their exposure to Argentine energy company YPF last year, selling just over 10 million shares, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. The businessman, his family and their companies now directly and indirectly hold 22,070,000 YPF shares,...

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday aged 89, the company said. His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales of around 8 billion euros and continued to grow through Italy's longest recession...

  • Michele Ferrero, owner of Nutella empire, dies at 89 Saturday, 14 Feb 2015 | 2:31 PM ET

    MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy's longest recession since World War Two.

  • Day in the life of a billionaire  Friday, 13 Feb 2015 | 12:19 PM ET

    CNBC's Eric Chemi takes a look at the "daily" worth over the lifetime of a few billionaires.

  • KUALA LUMPUR, Feb 13- Malaysian state fund 1 MDB has settled in full a 2 billion ringgit loan it owed local banks, its executive director Arul Kanda said on Friday. The loan repayment should ease pressure on the ringgit and Malaysia's credit outlook. The loan was owed to the country's largest bank Malayan Banking Bhd, smaller lender RHB Capital Bhd and others.

  • *An agreement would come ahead of a reported Feb. 18 deadline. KUALA LUMPUR, Feb 12- Malaysian billionaire Ananda Krishnan is preparing to settle a $550 million loan owed by state fund 1 MDB, four sources familiar with the matter said- a last-minute reprieve for the fund whose debt woes are pressuring the ringgit and the country's sovereign credit rating.

  • KUALA LUMPUR, Feb 12- Malaysian billionaire Ananda Krishnan is preparing to settle a $550 million loan owed by troubled state fund 1 MDB, four sources familiar with the matter said- a last-minute reprieve for the fund whose debt woes are pressuring the ringgit and the country's sovereign credit rating. The 2 billion ringgit loan is owed to the country's largest...

  • NEW YORK, Feb 11- The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. Investment from mainland China into U.S. hotels is expected to be about $5.1 billion this year, or triple the amount over the...

  • Icahn values Apple at more than $1 trillion Wednesday, 11 Feb 2015 | 3:36 PM ET

    Feb 11- Activist investor Carl Icahn said Apple Inc's stock should be trading at $216, far above its record high of $124.92 hit on Wednesday. At $216 per share, Apple would be valued at about $1.3 trillion, compared with about $700 billion currently. "Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20 X multiple is conservative," the...

  • MEXICO CITY, Feb 11- America Movil's planned spinoff of cellphone towers in Mexico into a new company is at an advanced stage and should be up and running by May or June of this year, Chief Executive Daniel Hajj said on Wednesday. Hajj added that America Movil, Latin America's biggest telecommunications company, was discussing with Mexico's telecoms regulator...