DUBAI, April 20- Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 14.8 percent increase in first-quarter net profit on Sunday, citing higher income from investments.» Read More
LONDON, April 7- Private equity firm Cinven made a 1.5 billion euro capital gain on its investment in French cable operator Numericable, but said on Monday the era of such hugely profitable deals for its industry in the cable sector is ending.
PARIS, April 7- Patrick Drahi, the Franco-Israeli billionaire who won a bidding war for media group Vivendi's SFR telecoms unit at the weekend, was quick on Monday to forgive a French establishment that just two weeks ago was trying to knock him out of the race.
NEW YORK— Lands' End shares are falling in its first day as a separate public company after being spun off from Sears. Lands' End was publicly traded before Sears Holdings Corp. purchased it in 2002 for nearly $2 billion.
PARIS, April 5- France's Vivendi said it had accepted cable company Numericable's bid for its telecom unit SFR, which would give Vivendi at least 13.5 billion euros in cash plus a 20- percent stake in the new entity.
PARIS/ LONDON, April 4- France's Vivendi said on Friday that its board needed more time to weigh two bids for its SFR telecom business, leaving business and political circles in suspense over a month-long, 15 billion euro takeover battle.
MILAN, April 4- The former controlling shareholder in Monte dei Paschi di Siena said on Friday it and two new Latin American investors in Italy's third biggest bank had committed to not selling their respective holdings for at least 16 months.
KIEV, April 4- McDonald's announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain's outlets in Russia to be shut.
PARIS/ LONDON, April 4- France's Bouygues submitted a new offer for Vivendi's SFR telecom unit on Friday- of 15 billion euros in cash, plus shares- in an effort to get back into the running hours before a decisive Vivendi board meeting.
The company said in December that it received a $30 million investment from Microsoft Corp co-founder Paul Allen's Vulcan Capital. The company's investors include venture capital firm Upfront Ventures, billionaire Jeff Skoll's Capricorn Investment Group and insurer USAA.
*Humble roots a key to Modi's popularity in India. *In Gujarat state, as across India, opinion divided. VADNAGAR, India, April 4- Narendra Modi spent his childhood in a modest three-room dwelling made of mud and brick nestled in a narrow, crowded lane in the western Indian town of Vadnagar.
April 4- Billionaire investor Steve Cohen- owned SAC Capital Advisors LP's lawyers proposed to retain corporate adviser and former federal prosecutor Bart Schwartz as a compliance consultant while the hedge fund pleads guilty to insider trading charges.
LONDON, April 3- Kuwait's billionaire al-Kharafi family is looking to sell Americana, one of the Middle East's largest food companies, and has hired bankers to explore a deal, four sources familiar with the matter told Reuters.
April 3- Liberty Media Corp said it would reduce its stake in Barnes& Noble Inc but retain a 10 percent share of its initial investment in the largest U.S. bookstore chain.
District Judge Jed Rakoff in Manhattan said the "substantial additional information" provided by the SEC, "the unique circumstances of this case, and further guarantees of prompt payment of the proposed fines" justified approval, according to an order made public on Wednesday.
*Some companies are shelving or cancelling projects in Russia. WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.
WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.
*Nat Rothschild's Twitter insult becomes a global story. LONDON, April 2- When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity- but also the perils of saying the wrong thing.
It's a perfect storm and everyone is buying, says Fredrik Eklund, Bravo's "Million Dollar Listing New York" star, discussing Manhattan's soaring luxury real estate market.
*Relations between Ukraine and Russia in crisis. LIPETSK, Russia, April 2- After three years of court cases involving authorities and competitors, Taisiya Voronina thought she had seen everything in Russia's rough and tumble business environment.
LONDON, April 1- Fuzzy guidelines on ethical investing and donors' timid response to Uganda's new anti-gay law have reassured fund managers and private equity firms about continuing to invest in the newly oil-rich country, despite worldwide criticism. The White House said it was reviewing its relationship with Uganda's government.