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  • NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent...

  • NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted over $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports...

  • May 19- U.S. prosecutors on Thursday accused a former chairman of Dean Foods Co and a Las Vegas gambler of insider trading in a years-long scheme that allegedly generated tens of millions of dollars of illegal profits. Thomas Davis, the former Dean Foods chairman, and William "Billy" Walters each face securities fraud, wire fraud and conspiracy charges.

  • May 19- Real estate investment trust Sovran Self Storage Inc said it had agreed to buy privately owned self storage operator LifeStorage LP for about $1.3 billion in cash to enter markets including northern California, Las Vegas and Nevada. Wells Fargo Securities LLC and SunTrust Robinson Humphrey are Sovran's financial advisers for the deal, while Phillips...

  • They included executives from traditional retailers like Wal-Mart Stores Inc. and e-commerce upstarts that are disrupting the industry with names like Bonobos and Stitch Fix, both of which offer personalized services for clothing. They came together this week as the health of the retail sector and the future of shopping is under the spotlight in the wake of...

  • BOSTON, May 18- Boaz Weinstein's hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. An anchor investor wrote a $70 million check in February while other clients have put in $20 million, the person said. To be sure Saba's assets are still far below its roughly $6 billion peak,...

  • *Sharp rise of India's middle class, large China market. ANTWERP, May 18- Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch. But it remains the largest diamond producer by value ahead of Russia's Alrosa,...

  • LAS VEGAS— The co-CEO of Westfield Corp., one of the world's largest mall operators, said that shopping centers have to act more like technology companies in order to be relevant to the fast-changing consumer. "Clearly, there's a shake-up going on," said Steven M. Lowy, co-CEO of Westfield, which operates 34 shopping centers worldwide in key cities like London and New...

  • To many, that might seem a frightening idea, even at a time when a few dozen of Google's driverless cars are cruising city streets in California, Texas, Washington and Arizona. Levandowski left Google earlier this year to pursue his vision at Otto, a San Francisco startup the he co-founded with two other former Google employees, Lior Ron and Don Burnette, and another...

  • The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a group of money managers humbled by losses or meager returns acknowledged that they needed to do more to satisfy investors. "Expectations about a hedge fund manager's way of conducting business has become more demanding- and perhaps rightfully so," Kenneth...

  • Lykouretzos was one of a handful of prominent managers speaking at the annual SkyBridge Alternatives Conference in Las Vegas, four months into a difficult year where the average hedge fund has lost money and some big-name investors are rethinking their commitment to them. Fears about a possible recession in the United States and slower growth in China have...

  • LAS VEGAS, May 12- Scott Ferguson said on Thursday that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year. Ferguson's firm brought the investment to the attention of Pershing Square's William Ackman and both made an investment in 2014, Ferguson said in an...

  • LAS VEGAS, May 12- Scott Ferguson said that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year, in an appearance at the SkyBridge Alternatives Conference in Las Vegas on Thursday.

  • MEXICO CITY, May 12- Mexico is widening a probe into tax evasion by requiring banks to hand over names of local clients with transactions in tax havens, documents showed, weeks after the "Panama Papers" cast a spotlight on how the world's rich and famous stash their wealth. In a letter this year, Mexico's tax authority SAT asked banking regulators to compel banks and...

  • NORTH LAS VEGAS, Nev., May 11- A car-sized sled powered by electromagnets rocketed to more than 100 miles an hour through the Nevada desert on Wednesday in what the Los Angeles company developing the technology said was the first successful test of a futurist transit system called hyperloop. Hyperloop One is among several companies competing to bring to life a...

  • LAS VEGAS, May 10- Hyperloop One, a Los Angeles company working to develop the futuristic transportation technology, on Tuesday announced the closing of $80 million in financing and said it plans to conduct a full system test before the end of the year. Hyperloop One builds off a design by Tesla and SpaceX CEO Elon Musk, who has suggested it would be cheaper, faster...

  • SAN FRANCISCO/ DETROIT, May 10- Tesla Motors Inc said on Tuesday the design of its new Model 3 has not been finalized, even though the electric car maker expects to begin building the mass-market sedan within the next 18 months. "We are currently evaluating, qualifying and selecting our suppliers" for the Model 3, Tesla said in the report filed with the U.S. Securities...

  • Kinross produced 687,463 equivalent ounces of gold during the quarter at its 10 mines in North and South America, Africa and Russia at an all-in sustaining cost of $963 per ounce. This was up from the 629,360 ounces it produced in the same period last year when the costs were $964 an ounce as production in the latest quarter was boosted by the acquisitions of Round...

  • NEW YORK, May 10- After their hot rally at the end of last year, shares of solar energy firms have turned ice cold as concerns about slower growth and regulatory uncertainties plague the group. Investors have been worried about the outlook for growth for the solar sector, especially following a pullback in an important Nevada solar support policy and uncertainty...

  • The company, which is backed by Tesla Motors Inc founder Elon Musk, said it expects to install 1.0-1.1 gigawatts in 2016, lower than the 1.25 GW it had forecast in February. A pullback in a key solar support policy in Nevada, a January price increase on residential systems and a redesign of its solar loan product were among the reasons SolarCity cited for the...