Millionaires & Billionaires Billionaires

  • WELLINGTON, Oct 21- Many foreigners will be banned from buying homes in New Zealand from Monday, unless they are newly built apartments, as the Labour-led government fulfils an election promise that critics say could be a popular but won't solve the lack of affordable housing. "Increasing the level of supply, speeding up the consenting process, creating...

  • Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12. The U.S. Treasury Department imposed sanctions in April against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including automaker Gaz, citing "malign...

  • LONDON, Oct 19- European stocks managed a modest rise on Friday, recovering from the previous session's sharp fall thanks to a recovery in oil prices, while weak results from Michelin and Bouygues reignited investors' concerns about autos and construction stocks. Italian stocks tumbled 0.4 percent after a ramp-up in rhetoric from the European Commission with...

  • LONDON, Oct 19- European stocks managed a modest rise on Friday, recovering from the previous session's sharp fall thanks to a recovery in oil prices, while weak results from Michelin and Bouygues reignited investors' concerns about autos and construction stocks. Italian stocks tumbled 0.4 percent after a ramp-up in rhetoric from the European Commission with...

  • *Alrosa tests non-dollar payments in China, India sales. *Washington has threatened more sanctions on Russia. Russia's central bank said this week the amount of non-dollar dealings was growing, with the share of rouble settlements in the Russia- China and Russia- India goods trade now between 10 and 20 percent.

  • SAN PEDRO DE ATACAMA, Oct 18- Earlier this year, the world's two biggest lithium producers publicly celebrated new deals with Chile's government that will allow them to vastly increase output of the ultralight battery metal from the Atacama, the world's driest desert. U.S.-based Albemarle Corp and Chile's SQM operate just 3 miles apart in the remote Salar, a...

  • BILLIONAIRE LEON COOPERMAN SAYS THERE IS NO SIGN OF A RECESSION.

  • BILLIONAIRE LEON COOPERMAN SAYS HE IS NOT A "RAGING BULL" ON STOCKS.

  • BILLIONAIRE LEON COOPERMAN SAYS MARKET COULD BE LOWER A YEAR FROM NOW.

  • BILLIONAIRE LEON COOPERMAN SAYS HIGHER RATES MIGHT BE GOOD FOR STOCKS.

  • BILLIONAIRE LEON COOPERMAN SAYS FED HAS BEEN "EXTRAORDINARILY ACCOMMODATIVE"- CNBC INTERVIEW.

  • BILLIONAIRE LEON COOPERMAN SAYS MARKET IS NEITHER CHEAP NOR EXPENSIVE.

  • CHICAGO, Oct 17- Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board. Campbell said Bennett Dorrance, Mary Alice Malone, Archbold van Beuren, Charlotte Weber and...

  • Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R)  poses with Richard Branson (L), founder of Virgin Group Ltd. during his visit to Virgin Galactic company as part of his official visits in California, United States on April 2, 2018. 

    Saudi Arabia has terminated a planned deal with Virgin Hyperloop One following founder Richard Branson's decision to halt investment talks with the country over missing journalist Jamal Khashoggi's whereabouts.

  • Oct 16- A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. Judge Alison Nathan of the U.S. District Court for the Southern District of New York approved a motion filed by the U.S....

  • Oct 16- Billionaire activist investor Carl Icahn is accumulating a significant stake in discount chain Dollar Tree Inc, the New York Post reported on Tuesday. Icahn's plans for the stake were not immediately clear, the report https://nypost.com/2018/10/16/carl-icahn-has-taken-a-stake-in-dollar-tree added. Dollar Tree shares rose 5.4 percent to...

  • DUBAI, Oct 16- Saudi Arabia's sovereign wealth fund has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse. The Public Investment Fund's pledges are now in the spotlight as the United States and other countries weigh...

  • In this July 17, 2001 file photo, Seattle Seahawks owner Paul Allen appears in a suite in the team's stadium in Seattle. Allen, billionaire owner of the Trail Blazers and the Seattle Seahawks and Microsoft co-founder, died Monday, Oct. 15, 2018 at age 65.

    Earlier this month, Allen revealed that he had started treatment for non-Hodgkin's lymphoma, the same type of cancer he was treated for in 2009.

  • NEW DELHI, Oct 15- Global oil major BP said on Monday fuel price controls were "not good," days after India asked state-run fuel retailers to shield customers from record-high costs by cutting margins. He did not comment on when BP would open its first fuel retail outlet in India in partnership with Reliance. India cut taxes on diesel and gasoline this month and asked...

  • The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Chief Executive Officer Eddie Lampert in an attempt to turn around the company he acquired in 2005 for $11 billion. Lampert and his hedge fund ESL Investments Inc own just...