Millionaires & Billionaires Billionaires

  • *Markets look past mixed reports on U.S.- China trade talks. Wall Street's main indexes hit session lows after Bloomberg reported some U.S. officials were concerned that China was pushing back against American demands in trade talks. Meanwhile, the Wall Street Journal reported that the U.S.- China trade talks were in the final stages and U.S.

  • March 19- Facebook Inc's Instagram began trialing a feature on Tuesday that lets U.S. users shop directly for products from the photo sharing app by adding a' checkout' feature on items tagged for sale, the company said. Instagram said it has partnered with more than 20 brands, including Adidas, H&M and billionaire Kylie Jenner's booming cosmetic company and...

  • FRANKFURT/ LONDON, March 19- Wintershall DEA's owners are expected to shortly mandate banks for a bumper 2020 stock market listing of the European oil and gas company in a sign that the deal could take place earlier than anticipated, people close to the matter said. With core earnings of 2.8 billion euros in 2017, Wintershall DEA could be valued at around 15...

  • March 19- Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch's media business after the $71 billion sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co.. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. Meanwhile, Disney's deal...

  • *EXPLAINER- Germany, at last, launches 5 G auction. MAINZ/ FRANKFURT, March 19- Germany's auction of spectrum for 5 G mobile networks drew brisk initial bidding on Tuesday with prospective new entrant 1& 1 Drillisch submitting bold offers for the frequencies it covets. Drillisch, run by maverick tycoon Ralph Dommermuth, is vying to become a fourth operator in...

  • March 19- Fox Corp on Tuesday appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. The newly spun-off media company, which will mark a new phase for billionaire Rupert Murdoch's media business, will debut on the Nasdaq on Tuesday.

  • *Heavy promotions hit revenues in France. Iliad aims to generate cash flow of more than 800 million euros next year and around 1 billion euros in 2021. The group has shaken up the French mobile market since 2012 with low-cost services, but is now facing aggressive fixed and mobile discounts from French rivals Altice Europe's SFR, Bouygues Telecom and Orange.

  • PARIS, March 19- Telecoms operator Iliad cut its cash-flow target for 2020 in France after a challenging year marked by heavy market promotions that hit revenues, and it added it was considering selling part of its mobile assets. The Paris- based group now aims to generate a cash flow of more than 800 million euros in 2020 and around 1 billion euros in 2021.

  • *RCom's Anil Ambani thanks brother for "timely support". India's richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries that is now worth many times the troubled business group run by his younger brother Anil, appears to have offered some kind of support to ensure Anil paid off a 5.5 billion rupees debt. If Anil didn't pay the debt,...

  • March 18- Ericsson has received 4.62 billion rupees from Indian telecoms firm Reliance Communications Ltd, the Swedish company said on Monday, potentially saving billionaire Anil Ambani and two RCom directors from a jail term. Late last month, India's top court found Anil Ambani, chairman of the debt-laden firm, guilty of contempt of court for wilfully failing...

  • Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December. "The universe of buyers is limited, and Eldorado is best suited to extract full value from Caesars' assets in our view," Roch Capital Partners analysts wrote in a March 6...

  • WASHINGTON/ NEW YORK March 15- Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on his companies and made him the "latest victim" in the U.S. probe into Moscow's alleged political interference. In a legal filing, Deripaska asked the U.S. District Court in Washington to block the...

  • MOSCOW, March 14- Russian billionaire Roman Abramovich's company Crispian has no plans at the moment to sell a further stake in mining giant Norilsk Nickel, Interfax news agency cited Crispian co-owner Vladimir Abramov as saying on Thursday.

  • SEOUL, March 14- Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea's Hyundai Motor Group on Thursday when major shareholder the National Pension Service said it would vote down the U.S. hedge fund's proposals. Elliott, founded by billionaire Paul Singer, has been battling to get South Korea's No.2 conglomerate to...

  • MILAN/ PARIS, March 13- The top shareholder in EssilorLuxottica sought to ease concerns over governance at the merged Franco-Italian group on Wednesday by saying he would not insist on his right-hand man becoming chief executive of the combined company. On Wednesday, a spokesman for Del Vecchio, 83, said his November comments "shouldn't be interpreted as his...

  • *U.S. subsidiary halts business with Venezuela. NEW DELHI, March 13- India's Reliance Industries Ltd, operator of the world's biggest refining complex, said on Wednesday it had halted supply of diluents to Venezuela's national oil company PDVSA and will not resume such sales until sanctions are lifted. Washington is preparing to impose "very significant"...

  • MOSCOW, March 13- Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal, the deal's arranger VTB Capital said. The shares, accounting for a 1.7 percent stake in the world's largest palladium producer, were bought predominantly by British-based investors, with...

  • March 13- Canada's main stock index rose on Wednesday, led by gains in healthcare and energy shares. *At 9:50 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 47 points, or 0.3 percent, at 16182.77. *The materials sector, which includes precious and base metals miners, rose 0.4 percent tracking gold prices, which rose as uncertainty over Britain's...

  • On Wednesday, a spokesman for Del Vecchio, 83, said his November comments "shouldn't be interpreted as his desire to appoint Francesco Milleri as CEO of EssilorLuxottica." The spokesman added that Del Vecchio, who has 32 percent of EssilorLuxottica, wanted to transfer some operational functions to Milleri, so that he could focus more on strategic matters.

  • Cuban said a job scripting skills for the smart speakers could garner anywhere from $25 to $40 an hour.