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Millionaires & Billionaires Billionaires

  • LAS VEGAS, May 18- Billionaire investor William Ackman, who invested with casual dining company Chipotle Mexican Grill Inc last year, said on Thursday that the company's Chief Executive Officer Steve Ells is "outstanding." Speaking at the annual SkyBridge Capital conference in Las Vegas, Ackman also said that hedge funds should deliver high returns or cut their...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo. The outspoken Wall Street figure in January agreed to sell his SkyBridge Capital LLC on the expectation of a public liaison job with U.S. The uncertainty over a White House position allowed...

  • DUBAI, May 18- Noon, the internet venture of Dubai billionaire Mohamed Alabbar and Saudi Arabia's Public Investment Fund, has been dealt a blow ahead of its launch with the departure of its CEO and a number of staff, sources familiar with the matter told Reuters. Alabbar, a prominent Emirati businessman, said last year he had teamed up Saudi Arabia's Public...

  • Beyonce and Jay Z are officially a billion dollar couple

    Forbes estimates that Beyonce and Jay Z are now worth $1.16 billion.

  • SAO PAULO, May 16- Brazilian police on Tuesday opened two separate investigations into whether certain food companies improperly received favorable treatment from the Agriculture Ministry, the latest probe ensnaring the powerful farming sector. Several Agriculture Ministry supervisors in the southern state of Santa Catarina have been removed from...

  • SAO PAULO, May 16- Brazilian federal police on Tuesday opened two separate investigations into whether certain food companies improperly received favorable treatment from the country's Agriculture Ministry, the latest probe ensnaring the country's agribusiness sector. The investigations have rocked confidence in Brazil's once-solid farming...

  • *Morocco wants at least $2 billion for plant- sources. DUBAI/ LONDON, May 15- Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they issued to the plant before it went bankrupt, industry sources said. Two sources close to the process...

  • *BHP expected to meet Elliott at Barcelona conference-source. Elliott, which has built up a 4.1 percent stake in BHP's London- listed arm and is urging changes to boost shareholder value, said there were clear signs the market was receptive to a new strategy for BHP. The letter, which did not name any other shareholders, was released hours before BHP Chief Executive...

  • MEXICO CITY, May 16- Top Mexican miners Grupo Mexico, Penoles, Fresnillo and billionaire Carlos Slim's Frisco together owe nearly $180 million in mining royalties to Mexico for 2015, according to preliminary government figures seen by Reuters. The documents, which are part of an industry-wide review for tax compliance led by Mexico's tax authority, estimate...

  • *BHP expected to meet Elliott at Barcelona conference-source. Elliott, which has built up a 4.1 percent stake in BHP's London- listed arm and is urging changes to boost shareholder value, said there were clear signs the market was receptive to a new strategy for BHP. Its latest letter, which did not name any other shareholders, was released hours before BHP Chief...

  • SYDNEY, May 16- Activist investor Elliott Management upped the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business. Elliott, founded by billionaire Paul Singer, has been pushing for BHP to collapse its dual-listed structure, spin off its U.S. oil and gas assets, and boost returns to...

  • SYDNEY, May 16- Activist investor Elliott Management upped the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business. Its latest letter, which did not name any other shareholders, was released just hours before BHP Chief Executive Andrew Mackenzie is due to speak at a Bank of America Merrill...

  • SYDNEY, May 16- Activist investor Elliott Management upped the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business. Elliott, founded by billionaire Paul Singer, has been pushing for BHP to collapse its dual-listed structure, spin off its U.S. oil and gas assets, and boost returns to...

  • Billionaire investor Carl Icahn sold out of the pharmaceutical giant entirely, while Farallon Capital Management LLC, David Tepper's Appaloosa LP and Seth Klarman's Baupost Group LLC were among those trimming their stakes by as much as 32 percent, according to regulatory filings. Paulson& Co Inc and Leon Cooperman's Omega Advisors Inc also pulled back on the...

  • NEW YORK, May 15- Billionaire investor Carl Icahn acquired a new 19.8 million share stake in business services provider Conduent Inc in the first quarter and sold out of pharmaceutical firm Allergan Plc and speech technology group Nuance Communications Inc, according to regulatory filings on Monday. The changes also reflected the takeover of Federal-Mogul...

  • SAN FRANCISCO/ NEW YORK, May 15- Snap Inc jumped more than 8 percent on Monday in its second strongest day since the social media company's initial public offering, boosted by filings showing several institutional investors had owned its shares. Coatue Management LLC, Soros Fund Management LLC, Goldman Sachs Group Inc and Jana Partners LLC on Monday joined the...

  • Warren Buffett

    Warren Buffett's Berkshire Hathaway bought shares of Bank of New York Mellon and Southwest Airlines in the first quarter.