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  • *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...

  • *Russia needs medium-sized firms to wean itself off oil. Immigration lawyers, estate agents and bankers in Europe are reporting a jump in interest from middle class business owners planning to move their ventures and families outside Russia. "People are realising things aren't going to get better for a while and it is time to establish themselves elsewhere,"...

  • UPDATE 1-Telekom Austria says has room for acquisitions Wednesday, 11 Feb 2015 | 5:47 AM ET

    VIENNA, Feb 11- Telekom Austria has room for acquisitions in a three-digit million euro range, Chief Executive Hannes Ametsreiter said on Wednesday, adding there was no specific project in the pipeline. Mexican billionaire Slim has said he wants to use it as a base for further expansion into central and eastern Europe, where Telekom Austria already has...

  • In all three states, Alaska, West Virginia and Michigan, problematic funding gaps widened, the report said. In 2006, Alaska switched newly hired state workers from its two biggest traditional defined benefit plans to a defined contribution plan. In 2014, Alaska made a $3 billion cash infusion into the defined benefit plans to shore them up.

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • For sale: Warren Buffett's autographed Cadillac Monday, 9 Feb 2015 | 5:59 PM ET

    Warren Buffett's personal 2006 Cadillac DTS is up for auction, and the proceeds are going to a good cause.

  • HOUSTON, Feb 9- U.S. oil and gas producer SandRidge Energy Inc plans to slash its rig count in Oklahoma and Kansas by nearly 75 percent, according to a document obtained by Reuters. The document makes no mention of rigs in West Texas, where the company also has acreage. It laid off 25 workers in West Texas in January, state data shows.

  • Rich CEOs: Are they talented or simply lucky? Sunday, 8 Feb 2015 | 1:50 PM ET

    A billionaire's divorce raises a key question: How much do CEOs owe their money to skill and hard work, and how much comes from happenstance?

  • NEW YORK, Feb 5- A former SAC Capital Advisors LP portfolio manager avoided prison on Thursday after helping federal authorities win a guilty plea and $1.8 billion in financial penalties from the hedge fund run by billionaire Steven A. Cohen. Freeman was one of eight SAC Capital employees charged with insider trading who either pleaded guilty or were convicted...

  • NEW YORK, Feb 4- Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad. "We'd like to buy more businesses around the world," Buffett, the head of conglomerate Berkshire Hathaway Inc, said in an interview with Fox Business Network. With growth in the world's largest...

  • *Queensland vote to halt cash support for coal infrastructure. MELBOURNE, Feb 5- A shock state election result in Australia's coal-rich Queensland state and heightened pressure to protect the Great Barrier Reef have thrown new doubts over plans by Indian firms to build two huge mines. This included money for a rail line and port planned by India's Adani...

  • LONDON, Feb 3- British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history on Tuesday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries...

  • BOSTON, Feb 2- Billionaire Steven A. Cohen, who oversees only his personal fortune after decades of running one of the world's biggest hedge funds, wants to recruit newly minted college graduates into his army of hundreds of investment professionals. Less than 16 months after Cohen's SAC Capital Advisors pleaded guilty to insider trading charges, the successor...

  • Feb 2- Casual clothing retailer Lands' End Inc said Chief Executive Edgar Huber would step down in two weeks and be succeeded by Federica Marchionni, the U.S. head of luxury goods retailer Dolce& Gabbana. Huber, who will leave on Feb. 17, has held the top job since August 2011 and led Lands' End spin off from struggling retailer Sears Holdings Corp last year.

  • LONDON, Feb 2- The value of merger and acquisition deals worldwide soared 28 percent in January compared with the same month last year, with the Asia-Pacific region enjoying its best start to a year on record, according to Thomson Reuters data. Deals in the Asia-Pacific accounted for 43 percent of the total, up from 20 percent last January, beating both Europe and...