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Millionaires & Billionaires Billionaires

  • SAO PAULO, June 23- Brazil's agriculture minister prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world's largest beef exporter. The U.S. Department of Agriculture's ban dealt a setback to Brazil's recently opened fresh beef...

  • SAO PAULO, June 23- Brazil's Agriculture Minister Blairo Maggi prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns over the image of the world's largest exporter. But it was a setback for Brazil's recently opened fresh beef trade with the United States and...

  • EXCLUSIVE-BILLIONAIRE STRUENGMANN FAMILY HIRES JEFFERIES TO EXPLORE ALTERNATIVES FOR URUGUAY'S MEGA PHARMA, SOURCES SAY.

  • SAO PAULO, June 23- The billionaire owners of Uruguay's Mega Pharma SA have hired Jefferies LLC to explore alternatives for Latin America's No. 4 pharmaceutical company, which could include debut bond and stock offerings, two people with knowledge of the matter said. Both the Struengmanns and Mega Pharma, which has $1 billion in annual revenue and 10 factories...

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • OTTAWA, June 22- Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital, which nearly collapsed in April, soared 23 percent to C $18.38 after it said billionaire Warren Buffett's...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • Trump: 'I just don't want a poor person' running the economy

    During a speech in Iowa, Trump said he has former bank executives in his cabinet because he wants rich people to run the U.S. economy.

  • Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...

  • TORONTO, June 22- Warren Buffett's Berkshire Hathaway Inc is providing a C $2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the lender, with the U.S. billionaire pitching himself against short-sellers who have targeted the stock as Canada's housing market has turned riskier. Canada's housing market has turned riskier as home prices in...

  • June 22- Shares of Altice USA Inc rose as much as 7.2 percent in their debut on Thursday, giving the cable operator a market capitalization of $23.71 billion as it prepares for U.S. expansion. The 63.9- million share offering raised $1.9 billion after being priced at $30 per share, within the expected range of $27 to $31. The company, which Netherlands- based Altice NV...

  • June 22- Shares of Altice USA Inc rose as much as 7.2 percent in their debut on Thursday, giving the cable operator a market capitalization of $23.71 billion as it prepares for U.S. expansion. The 63.9- million share offering raised $1.9 billion after being priced at $30 per share, within the expected range of $27 to $31 per share. The company, which Netherlands- based...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company, controlled by billionaire...

  • OTTAWA, June 22- Canada's main stock index rose modestly on Thursday as the energy and financial sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital rose 12.2 percent to C $16.76 after it said billionaire Warren Buffett's Berkshire would provide a C $2...

  • TORONTO, June 22- Canadian lender Home Capital Group Inc's shares soared as much as 18 percent to its highest since April on Thursday after billionaire Warren Buffett's Berkshire Hathaway Inc agreed to provide a new C $2 billion loan facility. The withdrawals accelerated after April 19, when Canada's biggest securities regulator, the Ontario Securities...

  • *Canadian dollar at C $1.3260, or 75.41 U.S. cents. TORONTO, June 22- The Canadian dollar strengthened on Thursday against its U.S. counterpart, boosted sales data, while the country's largest alternative lender got a. "The solid run of Canadian data continues," Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said in a research note.

  • TORONTO, June 22- Sears Canada Inc said on Thursday that it had filed for court protection against creditors as the retailer controlled by billionaire Eddie Lampert pursues a plan to restructure its operations. Sears Canada said in a statement that it was seeking protection so it could concentrate on a long-term effort to focus on selling discounted designer...

  • June 22- Trading in the U.S.-listed shares of Sears Canada Inc was halted on Thursday pending news, two days after reports the Canadian retailer was preparing to seek court protection against creditors in the coming weeks. The retailer, controlled by billionaire Eddie Lampert, last week flagged doubts about its ability to continue as a going concern and said it...