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Millionaires & Billionaires Billionaires

  • *Peter Hambro stepping down as chairman, staying on the board. LONDON, June 12- Investors in London- listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company's annual general meeting next week, leading shareholder voting advisor ISS said. Three top shareholders, who together hold more than 30 percent of the company, have put forward...

  • BOSTON, June 12- Mitch Golden scrutinizes hedge fund managers and their investment ideas in a variety of settings from the back of a motor scooter in Ho Chi Minh City to a park bench in New York's Central Park. Golden, who runs an $800 million portfolio for Einhorn's $8.3 billion hedge fund firm Greenlight Capital, is producing some of the best numbers in the fund of...

  • BOSTON, June 12- Mitch Golden scrutinizes hedge fund managers and their investment ideas in a variety of settings from the back of a motor scooter in Ho Chi Minh City to a park bench in New York's Central Park. Golden, who runs an $800 million portfolio for Einhorn's $8.3 billion hedge fund firm Greenlight Capital, is producing some of the best numbers in the fund of...

  • WASHINGTON, June 10- More than two dozen U.S. lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to reject the proposed sale of U.S. aluminum products maker Aleris Corp to China Zhongwang Holdings Ltd to protect U.S. security interests. Aleris spokesman Jason Saragian said Aleris did not make defense products in the United States.

  • June 10- An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc. It was lower than the record $3,456,789 bid in similar auctions in 2012 and 2016. The successful bidder and up to seven friends will dine with Buffett at the Smith& Wollensky steak house in...

  • June 9- Portfolio manager Sheru Chowdhry is expected to leave Paulson& Co, two sources said on Friday, signaling a quickening pace of departures at the hedge fund as its assets have shrunk and some of its portfolios have suffered losses. Executives T. Michael Johnson, Natalie Oelkers and Claudio Macchetto have also left or are expected to soon leave the New York...

  • TORONTO, June 9- Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday. Icahn held 91.6 million Freeport shares as of June 6, a filing with the U.S. Securities and Exchange Commission showed.

  • Guo Wengui

    Voice of America cut short an interview with controversial billionaire Guo Wengui, who alleged corruption among senior Chinese officials.

  • In a statement, the Amsterdam- based company said it planned to put forward Ursula Burns, former chairman and chief executive of Xerox Corp from 2009 to 2016, and one of the world's most high profile female corporate leaders. It also named Guy Laurence, the British telecoms industry veteran who left last year as CEO of Rogers, the C $13.7 billion dollar Canadian...

  • DALIAN, China, June 9- Exiled billionaire businessman Guo Wengui instructed his employees to fraudulently obtain hundreds of millions of dollars in loans, senior employees of his real estate company told a court in China's northeastern Liaoning province. Appearing in the Dalian Xigang People's Court on Friday, the three staff from Guo's Beijing Pangu...

  • DALIAN, China, June 9- Exiled billionaire businessman Guo Wengui instructed his employees to fraudulently obtain hundreds of millions of dollars in loans, senior employees of his real estate company told a court in China's northeastern Liaoning province. Appearing in the Dalian Xigang People's Court on Friday, the three staff from Guo's Beijing Pangu...

  • NEW YORK, June 8- The New York federal judge who ruled in favor of deep-pocketed hedge funds against the government of Argentina in a historic 15- year-old sovereign debt default dispute has reassigned the last few unresolved cases, court records showed on Thursday. District Judge Thomas Griesa, whose rulings were upheld on appeal, oversaw the cases that pitted...

  • June 7- Anglo American has appointed Stuart Chambers, the former chairman of British chip designer ARM Holdings and packaging group Rexam, to succeed John Parker as the miner's next chairman and carry on with its overhaul. Analysts said that the former chairman of ARM, regarded as Britain's most successful technology company, could prove a shrewd choice as...

  • PARIS, June 7- Fresh from combining Fnac bookstores and electricals chain Darty to better take on Amazon in France, Alexandre Bompard faces the challenge of reviving another ailing retail format when he becomes boss of Carrefour: the hypermarket. "Alexandre Bompard made thousands of calls himself. The 68- year-old, credited with saving Carrefour from a...

  • The senators- Sheldon Whitehouse, Elizabeth Warren, Debbie Stabenow, Jeff Merkley and Tammy Duckworth- addressed the letter to EPA Administrator Scott Pruitt, requesting that he hand over communications between the EPA and Icahn or representatives of CVR Energy. In February, Icahn, who is an unpaid adviser to Trump, submitted a proposal to the White House to...

  • SAUDI BILLIONAIRE ARMS DEALER ADNAN KHASHOGGI DIES AGED 82- BBC.

  • DETROIT, June 6- General Motors Co shareholders on Tuesday elected all of the automaker's board nominees, overwhelmingly rejecting a slate proposed by hedge fund Greenlight Capital and handing a major defeat to billionaire investor David Einhorn's bid to split the company's shares. Greenlight founder David Einhorn floated his proposal back in March,...

  • SHANGHAI, June 6- China's yuan firmed against the U.S. dollar on Tuesday after the official midpoint was fixed at a near seven-month high, shrugging off the central bank's huge cash injection into the financial system, traders said. The People's Bank of China injected 498 billion yuan on Tuesday morning, exceeding the 431.3 billion of medium-term lending...

  • WASHINGTON, June 5- The U.S. Commodity Futures Trading Commission informed eight Democratic U.S. senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn's activity in that market, according to a copy of a letter seen by Reuters on Monday. The Democratic senators, including Elizabeth...

  • BOSTON, June 5- Herbalife Ltd has named a new acting general counsel in a wave of management changes as the nutrition and supplements company works to comply with a legal settlement with U.S. regulators last year over deceiving customers, according to a person familiar with the hiring decision. Rick Werber joined the Los Angeles- based company about a month ago,...