×

Millionaires & Billionaires Billionaires

  • BOSTON/ NEW YORK, Aug 17- Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman's hedge fund Pershing Square Capital Management owns 8.3 percent...

  • BOSTON/ NEW YORK, Aug 17- Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman's hedge fund Pershing Square Capital Management owns 8.3 percent...

  • MADISON, Wis.— The Wisconsin Assembly approved a $3 billion tax break Thursday with bipartisan support for Taiwan- based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S. economy. Foxconn announced three weeks ago it planned to invest $10 billion in...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- Mexico's Supreme Court on Wednesday ruled billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. The 2014 telecom industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance. The 2014 telecom industry reform, one of Mexican President...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance. The 2014 telecom industry reform, one of Mexican President...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday unanimously found billionaire Carlos Slim's telecom firm America Movil SAB de CV should not be barred by law from charging its rivals interconnection fees, in a setback to a reform intended to curb the firm's dominance. The 2014 industry reform, one of Mexican President Enrique Pena Nieto's signature...

  • Aug 16- Negotiators from Canada, Mexico and the United States kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States and Canada inked a bilateral free trade deal in 1988.. *Nov. 3, 1992: Running as an independent for president in...

  • Aug 16- Negotiators from Canada, Mexico and the United States kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States and Canada inked a bilateral free trade deal in 1988.. *Nov. 3, 1992: Running as an independent for president in...

  • Aug 16- Negotiators from Canada, Mexico and the United States kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States and Canada inked a bilateral free trade deal in 1988.. *Nov. 3, 1992: Running as an independent for president in...

  • Aug 16- Negotiators from Canada, Mexico and the United States kick off an ambitious first round of trade talks on Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The United States and Canada inked a bilateral free trade deal in 1988.. *Nov. 3, 1992: Running as an independent for president in...

  • SAO PAULO, Aug 15- JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, Chief Executive Officer Wesley Batista said JBS...

  • SAO PAULO, Aug 15- JBS SA said it will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's biggest meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, Chief Executive Officer Wesley Batista...

  • DUBAI, United Arab Emirates— During recent trips to Croatia and Malta, a Dubai- based billionaire and business partner of the Trump Organization looked more like a head of state himself— mingling with government dignitaries, receiving a presidential reception and visiting the glittering Mediterranean Sea. Hussain Sajwani met with leaders in the two European...

  • SHANGHAI, Aug 15- China stocks extended gains on Tuesday as markets continued to recover from tensions over North Korea and profit taking, with banks among the top performers on expectations of stronger profits. President Donald Trump's decision to order a inquiry into China's intellectual property practices. The process could take a year, giving Beijing...

  • George Soros in January said at his annual media dinner held at the World Economic Forum in Davos, Switzerland that "it's impossible to predict" Trump's actions but that he was nonetheless "convinced that he is going to fail." Soros Fund Management held put options on PowerShares QQQ Trust, SPDR S&P 500 ETF and iShares Russell 2000 ETF as of June 30, according to...

  • NEW YORK, Aug 14- Hedge-fund manager David Tepper, known for taking positions in out-of-favor companies in his Appaloosa Management hedge fund, added stakes in embattled Wells Fargo Co and several energy companies in the second quarter as the price of oil fell, according to quarterly filings released Monday. In addition to energy and financial companies,...

  • NEW YORK, Aug 14- Warren Buffett's Berkshire Hathaway Inc on Monday said it added a stake in Synchrony Financial, boosting its bet on the credit card industry, and shed its investment in the company's former parent, General Electric Co.. Berkshire said it owned 17.5 million shares of Synchrony, a private label credit card issuer split off from GE in 2014, worth...