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Millionaires & Billionaires Billionaires

  • LONDON/ MILAN, Sept 22- European shares steadied on Friday, as tensions over North Korea kept some investors on the sidelines ahead of a national election in Germany that conservative Chancellor Angela Merkel looks set to win. Britain's FTSE 100 outperformed with a 0.6 percent gain, buoyed by a fall in sterling following a closely-watched speech on Brexit by...

  • *Explores bid for UK sandwich chain Pret a Manger. MANILA/ SINGAPORE, Sept 22- Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp into a near-4, 000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Primary targets include the United States and...

  • *Bettencourt family has 33 pct stake in L'Oreal. *Nestle holds 23 pct of L'Oreal. PARIS, Sept 22- The death of billionaire Liliane Bettencourt focused attention on Friday on how L'Oreal's founding family and major shareholder Nestle would manage their stakes in the world's biggest cosmetics firm.

  • *Bettencourt family has 33 pct stake in L'Oreal. PARIS, Sept 22- The death of the French matriarch of L'Oreal's founding family stirred speculation about the future of the world's largest cosmetics firm and its relationship with shareholder Nestle. Billionaire Liliane Bettencourt, listed by Forbes as the world's richest woman, died at the age of 94, her...

  • MILAN, Sept 22- European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend's general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term. L'Oreal rose as much as 6.7 percent after billionaire Liliane Bettencourt, whose family founded the firm and...

  • PARIS, Sept 22- Shares in cosmetics group L'Oreal rose on Friday after the death of 94- year-old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle. L'Oreal shares were up around 4 percent in early trading, the best performer on France's benchmark CAC-40 index and among the top...

  • PARIS, Sept 22- Shares in cosmetics group L'Oreal rose on Friday after the death of 94- year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle. L'Oreal shares were up around 5 percent in early session trading, the best performer on France's benchmark CAC-40 index and on the...

  • PARIS, Sept 21- French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday. "My mother left peacefully," Bettencourt-Meyers said, adding that she had died during Wednesday night at her home in Paris. In 2011 Agon was appointed...

  • Warren Buffett is the most charitable billionaire

    Warren Buffett and Bill Gates are the most charitable American billionaires.

  • World's richest woman Liliane Bettencourt dies aged 94

    French businesswoman and heiress of cosmetics giant L'Oreal Liliane Bettencourt, 94, has died, her daughter said on Thursday.

  • PARIS, Sept 21- French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday. Her death opens a new phase for L'Oreal, France's fourth-largest listed company, altering the relationship it has with key shareholder Nestle, the Swiss...

  • Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017

    The billionaire has given away more than $46 billion since 2000.

  • DETROIT, Sept 21- U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG. In the latest move, German automaker Daimler plans to spend $1 billion to expand its Mercedes Benz assembly plant near Tuscaloosa,...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc, is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people- retail investors. Now, his campaign to get himself and two other nominees...

  • PARIS, Sept 20- LVMH, the world's largest luxury group, will invest more to improve its environmental credentials as fashion businesses seek to reassure shoppers who are increasingly drawn to eco-friendly brands, it said on Wednesday. LVMH, which owns fashion house Louis Vuitton and champagne maker Moet& Chandon among its 70 businesses, said its companies would...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • LONDON, Sept 20- Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Anil Agarwal has previously stated he has no plans to take over Anglo American, although his family trust is now...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • LONDON, Sept 20- As the Bank of England sends its strongest signal to date that the first interest rate hike in a decade is approaching, could Britain be heading towards its first sterling crisis in a quarter of a century? That dubious record was smashed on June 24, 2016, after Britain voted to leave the European Union, but there has been little talk since of a "sterling...

  • Buffett calls pessimists about the U.S. 'out of their mind'

    Buffett said he expects the Dow Jones Industrial Average to be "over 1 million" in 100 years