×

Millionaires & Billionaires Billionaires

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • He has launched similar "Section 232" reviews of the U.S. steel and aluminum sectors, where a flood of imports especially from China has depressed prices, threatening the industries long-term health. "China has a $150 billion program to take that much further between now and 2025. Ross predecessor at Commerce, Penny Pritzker, warned last November about looming...

  • SYDNEY, May 11- Elliott Management is willing to back a board member of BHP Billiton to be its chairman upon the retirement of Jac Nasser despite deep reservations about its top management, a source close to the activist shareholder said on Thursday. Elliott, founded by billionaire Paul Singer, is pushing for a $46 billion overhaul at BHP that includes spin offs,...

  • BOSTON, May 10- Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. One makes up roughly 5 percent of Pershing Square Capital Management's $11 billion of capital and has gained about 30 percent, Ackman said.

  • BOSTON, May 10- Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. One makes up roughly 5 percent of Pershing Square Capital Management's $11 billion of capital and has gained about 30 percent, Ackman said.

  • *Website to go live on June 6. PARIS, May 10- LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business. LVMH, controlled by French billionaire Bernard Arnault, said the new site would go live on June 6 in more than 70...

  • Senators call for federal probe into Carl Icahn

    Billionaire activist Carl Icahn is accused of violating laws against insider trading and market manipulation in his role as a special adviser to President Trump.

  • *Cuts dividend to 4 cents/ shr from 19 cents. The company's decision not to sell itself also ended speculation about a merger with U.S. broadcasting and publishing group Meredith Corp, which according to a source, had offered Time $18 per share. Chief Executive Richard Battista faced pointed questions on a post-earnings call, with investor and billionaire hedge...

  • The markets are too calm for Goldman Sachs CEO Lloyd Blankfein

    loyd Blankfein warns investors over 'hubris' and the growing 'bubble of confidence' in the markets.

  • "We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits," the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading...

  • NEW YORK, May 9- Apple Inc became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. It may be the most powerful franchise in the country today, "said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey, whose firm does not own...

  • WASHINGTON, May 9- The U.S. economy won't achieve the Trump administration's 3 percent growth goal this year and not until all of its tax, regulatory, trade and energy policies are fully in place, Commerce Secretary Wilbur Ross said on Tuesday. "The Congress has been slow-walking everything. He noted that delays were possible if the push for tax cuts was slowed down...

  • NEW YORK, May 9- Apple Inc became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. It may be the most powerful franchise in the country today, "said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey, whose firm does not own...

  • "We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits," the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading...

  • *Now sees 2017 adjusted EBITDA of $3.60- $3.75 bln. May 9- Canada's Valeant Pharmaceuticals International Inc raised its 2017 earnings forecast and reported its first profit in six quarters, helped by a one-time tax gain, and its U.S. shares jumped nearly 21 percent. Laval, Quebec- based Valeant said it expected 2017 earnings before interest, tax, depreciation and...

  • NEW YORK, May 8- With the U.S. stock market near record highs, hedge fund managers presented ideas that largely depend on rising property values and corporate mergers for growth at a high-profile investment event in New York on Monday. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including "Bob the Builder" and "...

  • Since then, billionaire investor Carl Icahn, Hertz's biggest shareholder, has increased his stake in the company, and the company's former CEO, John Tague, has been replaced by Marinello. The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned Howard Hughes...

  • NEW YORK, May 8- Billionaire investor David Einhorn on Monday called energy services provider Core Laboratories substantially overvalued and said its share price could drop to $62. Speaking at the annual Sohn Investment Conference in New York, Einhorn stopped short of saying exactly how he was positioned but he has often presented so-called short ideas,...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company since...