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Millionaires & Billionaires Billionaires

  • BOSTON/ DETROIT, April 25- Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders "will vote with their wallets" on the hedge fund's two-class stock proposal and slate of board nominees. In a broad-ranging letter to investors about the first quarter of 2017 seen by...

  • NEW YORK, April 25- Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees. But despite some image problems the industry is actually healthy, according to Simon Lorne, vice chairman and chief legal officer of Millennium Management...

  • PARIS/ LONDON, April 25- Investment banks seeking to persuade Vivendi to float Universal Music Group says the recovering division is worth about 20 billion euros, top executives at the Paris- based media company said on Tuesday. "Today, estimates given by banks proposing an initial public offering can go up to 20 billion euros," Vivendi General Counsel Frederic...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70- year-old fashion label worn by...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favor, but the problem is of course that we have had some political...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro move to simplify his business interests, a restructuring long demanded by other investors. That will unite the 70 year old fashion label worn by film...

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd have expressed interest in a buyout of the controlling stake that two families have in Brazilian drugmaker Hypermarcas SA, two people with knowledge of the matter said on Monday. The owners of investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA for a buyout, two people with knowledge of the matter said on Monday. Families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent of...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA for a buyout, two people with knowledge of the matter said on Monday. Families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent of...

  • *Warsaw, Prague lead stock rebound on France, up 1.3 pct. BUDAPEST, April 24- Central European assets, mainly stocks and currencies rose on Monday after centrist Emmanuel Macron won the first round of France's elections, taking a big step towards becoming president. Warsaw and Prague led a rebound of stocks, with their indices rising 1.3 percent by 1231 GMT,...

  • *Warsaw leads stock rebound on French vote, up 1.3 pct. BUDAPEST, April 24- Central European stocks and currencies rose on Monday after centrist Emmanuel Macron won the first round of France's presidential elections, taking a big step towards becoming president. Warsaw led a rebound of stocks, with its blue-chip index rising 1.3 percent by 0740 GMT.

  • WASHINGTON, April 20- President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an...

  • OSLO, April 20- A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen's Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday. The New York County Supreme Court's decision means that privately-owned BW Group, led by shipping tycoon Andreas Sohmen Pao, can proceed...