ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.» Read More
CNBC's Robert Frank explains the "wealth effect" and what today's market sell off says about the wealthy.
CNBC's Robert Frank reports on a bitter family feud that involves dueling allegations of fraud, lavish spending and tens of millions of dollars in private jet rides for puppies.
New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
CNBC's Robert Frank reports why Steve Cohen did not buy a pricey home in the Hamptons and a Picasso piece, Le Reve, to protect his assets from any kind of litigation or claim.
"G.I. Joe: Retaliation" won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.
D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
SAC's Steve Cohen recently bought a $60 million property in the Hamptons, reports CNBC's Robert Frank.
"Taxes are going to kill spending!," they cried. "Don't punish the rich!" Well, the rich have spoken and guess what? They're still spending.
Here's one sign of a global housing recovery: Every month seems to bring a new "world's most expensive" listing or sale. This month's offering is the penthouse of the Tour Odeon in Monaco.
The Cyprus bailout and the death of Russian oligarch Boris Berezovksy this weekend might seem like entirely separate events. But they are deeply connected. And they share the same root tragedy: Call it the "The Oligarchs' Curse."
Dell appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war.
The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
CNBC's Robert Frank reports billionaire Harold Hamm's divorce could take the top spot as the most expensive divorce on record.
While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.