×

Millionaires & Billionaires Billionaires

  • OTTAWA, June 22- Canada's main stock index rose modestly on Thursday as the energy and financial sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital rose 12.2 percent to C $16.76 after it said billionaire Warren Buffett's Berkshire would provide a C $2...

  • TORONTO, June 22- Canadian lender Home Capital Group Inc's shares soared as much as 18 percent to its highest since April on Thursday after billionaire Warren Buffett's Berkshire Hathaway Inc agreed to provide a new C $2 billion loan facility. The withdrawals accelerated after April 19, when Canada's biggest securities regulator, the Ontario Securities...

  • *Canadian dollar at C $1.3260, or 75.41 U.S. cents. TORONTO, June 22- The Canadian dollar strengthened on Thursday against its U.S. counterpart, boosted sales data, while the country's largest alternative lender got a. "The solid run of Canadian data continues," Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said in a research note.

  • TORONTO, June 22- Sears Canada Inc said on Thursday that it had filed for court protection against creditors as the retailer controlled by billionaire Eddie Lampert pursues a plan to restructure its operations. Sears Canada said in a statement that it was seeking protection so it could concentrate on a long-term effort to focus on selling discounted designer...

  • June 22- Trading in the U.S.-listed shares of Sears Canada Inc was halted on Thursday pending news, two days after reports the Canadian retailer was preparing to seek court protection against creditors in the coming weeks. The retailer, controlled by billionaire Eddie Lampert, last week flagged doubts about its ability to continue as a going concern and said it...

  • Steve Schwarzman, CEO of Blackstone Group.

    Steve Schwarzman, Blackstone CEO, weighs in on tax reform and consumer confidence as CEOs gather at the White House Tech Summit.

  • BRUSSELS, June 22- Belgian prosecutors said on Thursday they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH Bernard Arnault. Arnault has accepted a deal to end the case opened in 2012 against Pilinvest, a holding company in Belgium, "without any prejudicial admission of...

  • *Berkshire Hathaway to buy C $400 mln of Home Capital's shares. June 21- Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C $2 billion line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process. Berkshire will make an initial investment of C $153.2 million to buy 16 million...

  • BRASILIA, June 22- Brazil's Supreme Court is expected to rule on Thursday whether terms of plea bargains struck in the nation's sweeping corruption probes can be revised by the full court, a move critics worry could sharply weaken the most potent weapon prosecutors wield in rooting out graft. Opening the possibility that defense lawyers could ask the badly...

  • June 21- Altice USA Inc said on Wednesday the cable operator that Netherlands- based Altice NV formed by acquiring Cablevision and Suddenlink Communications, raised $1.9 billion in an initial public offering. Altice USA priced 63.9 million shares at $30, within its indicated price range of $27 to $31, making it this year's second largest U.S.

  • BRASILIA, June 21- A Brazilian judge has blocked JBS SA's planned sale of a South American unit while the attorney general's office urged the company's assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world's No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS's $300 million sale of the unit to...

  • *U.S., Britain and Qatar congratulate Prince Mohammed. DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince...

  • Frank Pallone of New Jersey, the ranking member of the Energy and Commerce Committee; Bobby Rush of Illinois; Diana DeGette of Colorado; Paul Tonko of New York; and John Sarbanes of Maryland. They called on Pruitt to respond by the end of the month with details about procedures in place at EPA to prevent Icahn from influencing policy for personal gain.

  • LONDON, June 20- Sterling fell to a two-month low against the dollar on Tuesday after the Bank of England signaled it was in no rush to raise interest rates given the uncertainty Britain faces as it exits the European Union. Carney's comments sent sterling almost a full cent lower in morning trade and the currency fell further as the economic and political...

  • Storied tycoon Li Ka-shing reportedly plans to retire from CK Hutchison by next year

    Li Ka-shing plans to retire as CK Hutchison chairman, the WSJ reported on Tuesday, citing people briefed by the storied businessman.

  • *Li, known as superman, is Hong Kong's richest man. HONG KONG, June 20- Ports-to-telecoms conglomerate CK Hutchison Holdings brushed off talk of an imminent retirement for Chairman Li Ka- shing on Tuesday, saying the 88 year-old tycoon, one of Hong Kong's best known business figures, was in "very good health." Li, Hong Kong's richest man, anointed his eldest son Victor, 52,...

  • MUMBAI, June 20- Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings in China. The startup has been looking at Tencent's WeChat services in China and finding ways to adapt them to India's digital...

  • June 19- Brazilian stocks rose on Monday, supported by planemaker Embraer SA, while the Mexican peso slipped from a 13- month peak after comments by a Federal Reserve official supported bets of further U.S. interest rate hikes. Gains in Brazilian markets were limited due to concerns that a political scandal may hamper the implementation of President Michel...

  • linger@ SAO PAULO, June 19- Brazilian stocks rose on Monday, supported by shares of miners and planemaker Embraer SA, though lingering concerns that a political crisis could delay structural reforms kept a lid on gains. Shares of miner Vale SA added the most points to Brazil's benchmark Bovespa stock index, tracking iron ore futures higher. Still, concerns...

  • June 19- Billionaire investor John Paulson, whose hedge fund firm is the biggest owner of Valeant Pharmaceuticals International Inc shares, on Monday joined the ailing drug company's board as it restructures to repay debt. Investors appeared to see Paulson's becoming a director as a vote of confidence in Valeant, sending its U.S.-listed shares up 5.1. percent...