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Millionaires & Billionaires Billionaires

  • April 13- Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. The news comes two weeks after hedge fund Sarissa Capital called for a sharp cut in the compensation of Innoviva's chief executive and the board.

  • April 13- Drug company Innoviva Inc said on Thursday it would undertake a review of its costs, including executive compensation following pressure from activist investor Sarissa Capital Management LP. The news comes two weeks after hedge fund Sarissa Capital called for a sharp cut in the compensation of Innoviva's chief executive and the board.

  • April 13- American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. Hancock did, however, receive his $1.6 million base salary and longer-term incentive pay in...

  • board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. The insurance company's board has also re-nominated Samuel Merksamer, who represents billionaire Carl Icahn, to serve on the board for...

  • NEW YORK, April 13- Billionaire real estate developer Rick Caruso learned about entrepreneurship and money at an early age. Caruso, 58, has also been an active civic leader and philanthropist in Los Angeles, where he grew up and is based. He is a former president of the Los Angeles Board of Police Commissioners and was a commissioner on the Department of Water and...

  • *To get $300 mln from Biogen, $170 mln from Roche upfront. April 13- Bristol-Myers Squibb Co said on Thursday it would license two of its drugs to Biogen Inc and Roche Holding AG for an upfront fee of $470 million. The Wall Street Journal reported in February that billionaire investor Carl Icahn had taken a stake in Bristol and saw the company as a possible takeover...

  • VP Pence visits Indonesia next week on Asian tour. *Indonesia questions Trump policies on immigration, trade. JAKARTA, April 13- Washington has billed Vice President Mike Pence's visit to Indonesia next week as a booster for the Strategic Partnership between the world's second- and third-largest democracies, but a raft of bilateral tensions could sap the...

  • DETROIT/ BOSTON, April 12- Greenlight Capital nominated three directors to General Motor Co's board on Wednesday and accused the company of misrepresenting to ratings agencies the prominent hedge fund's proposal to split the automaker's common stock into two classes. Billionaire investor David Einhorn, who runs Greenlight, went public with a proposal in...

  • DETROIT, April 12- Hedge fund Greenlight Capital, which is run by billionaire investor David Einhorn, nominated three directors to General Motor Co's board and reiterated its proposal to split the company's common stock into two classes to help boost the share price. In a regulatory filing, Greenlight nominated former AT&T Broadband Chief Executive Officer...

  • April 12- Hedge fund Greenlight Capital said on Wednesday that it had nominated three independent candidates to the board of General Motors Co.. Greenlight, run by billionaire investor David Einhorn, wants GM's management to split its common stock into two classes: one that would receive the current dividends and one that would participate in all earnings and...

  • April 12- Billionaire investor Carl Icahn's oil refining company, CVR Energy, made a massive bet in 2016 that prices for U.S. government biofuels credits would fall- just before Icahn started advising President Donald Trump on regulations driving that market. Last year, in a counterintuitive trading strategy, Icahns refining firm postponed buying biofuels...

  • NEW YORK/ PARIS, April 11- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter. Last week John Malone's Liberty Interactive Corp said it would...

  • NEW YORK/ PARIS, April 11- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter. It serves 4.9 million customers in the U.S., according to the...

  • PARIS, April 11- Altice, the telecoms and cable holding company owned by billionaire Patrick Drahi, kicked off on Tuesday the formal process for the initial public offering of its U.S. activities in New York. The debt-fueled group, whose division Altice USA was put together after acquiring Cablevision and Suddenlink Communications, aims to increase its...

  • Harland Clarke, owned by billionaire Ron Perelman's investment company MacAndrews& Forbes Inc, has offered $11.60 per share for each RetailMeNot share, representing a premium of 49.7 percent to the stock's Monday close.

  • SAN FRANCISCO, April 10- For the first time in the era of the modern automobile, the most valuable U.S. car maker is not based in Detroit. That milestone is likely to be on the minds of Tesla Chief Executive Elon Musk and GM Chief Executive Mary Barra as they and other CEOs visit the White House on Tuesday to discuss tax reform and infrastructure with President Donald...

  • April 11- Online coupon provider RetailMeNot Inc said it had agreed to be bought by marketing services company Harland Clarke Holdings Corp for about $630 million. The deal will allow Harland Clarke, owned by billionaire Ron Perelman's investment company MacAndrews& Forbes Inc, to build on its acquisition of Valassis Communications Inc, a provider of coupons...

  • Harland Clarke, owned by billionaire Ron Perelman's investment company MacAndrews& Forbes Inc, has offered $11.60 per share for each RetailMeNot share, representing a premium of 49.7 percent to the stock's Monday close.

  • SAO PAULO, April 10- Votorantim Metais Holding SA, one of Latin America's largest producers of base metals, is considering an initial public offering to fund investments and provide parent company Votorantim SA with cash to expand in other core areas, four people with direct knowledge of the transaction said. Proceeds may come in handy for parent Votorantim,...

  • OSLO, April 7- Norway's Telenor has sold a four-percent stake in Amsterdam- based mobile network operator Veon for $259 million as part of an ongoing campaign to cut all ownership ties to the firm formerly known as Vimpelcom. After years of conflict between Telenor and Veon's biggest owner, Russian billionaire Mikhail Fridman, Telenor decided in September 2015...