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Millionaires & Billionaires Billionaires

  • March 9- American International Group Inc said Chief Executive Peter Hancock has informed the board that he plans to resign, more than a year after billionaire investor Carl Icahn called for a breakup of the company. The Wall Street Journal reported last month that the company's board was discussing whether to penalize or oust Hancock over a major setback in...

  • PARIS, March 9- Luxury goods group LVMH will set up a new digital platform to host all of its brands, sources close to the matter told Reuters, as the French company steps up efforts to capitalise on the sector's online sales boom. "This platform should boost the visibility of the various LVMH brands," one of the sources said, adding that the site would also promote other...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil is controlled by the family of Slim, one of the world's richest men.

  • SAN FRANCISCO, March 8- Shares of Snap Inc bounced back on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws, a complaint the billionaire investor denied and called a "witch hunt." The group said Icahn may have been acting as a lobbyist when he advised President Donald Trump to overhaul the U.S. biofuels...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it has made its request for a probe in a letter sent to Congress on...

  • SAN FRANCISCO, March 8- Shares of Snap Inc rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. Traders betting against Snap on Wednesday added less than $50 million in new short sales of its stock, a slower pace than the day before, when initial short bets jumped to $300 million, according to S3...

  • White House budget director Mick Mulvaney says he expects to release the Trump administration's fiscal 2018 federal budget plans on March 15.. Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. FBI Director James Comey says he has no plans to step down any time soon, days after he...

  • March 8- A federal appeals court said billionaire Ira Rennert must pay a $213.2 million judgment after a jury found him liable for looting his now-defunct magnesium company to build one of the country's most expensive homes, a 21- bedroom mansion in New York's Hamptons. The 2nd U.S. Circuit Court of Appeals on Wednesday let stand a jury verdict against the mining...

  • White House budget director Mick Mulvaney says he expects to release the Trump administration's fiscal 2018 federal budget plans on March 15.. Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. Trump's immigration policies could lead to collective expulsions of migrants in a...

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it has made its request for a probe in a letter sent to Congress on...

  • BOSTON, March 8- Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, said on Wednesday he bought shares of Snap Inc in its initial public offering, sold some, and would buy again if the price dropped. The highly anticipated $3.4 billion offering was the biggest U.S. technology IPO since Alibaba Group...

  • Trump plans to meet with a group of infrastructure business leaders, including Elon Musk of Tesla Inc White House on Wednesday. A potentially lengthy U.S. legislative fight over a replacement of the Obamacare health law begins on Wednesday as two House of Representatives committees begin negotiating changes to a Republican plan backed by Trump.

  • March 8- A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. The group said it would make its request for a probe in a letter to Congress later...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed Republican legislation to replace the Obamacare healthcare law but the measure faced a rebellion by conservative groups and lawmakers, complicating its chances for passage in the U.S. Congress. Republican U.S. House of Representatives leaders on Monday unveiled legislation to do away with...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed Republican legislation to replace the Obamacare healthcare law but it faced a rebellion by conservative groups and lawmakers who denounced it, complicating its chances for passage in the U.S. Congress. Speaker Paul Ryan said he could guarantee that he had enough votes to win passage of the...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed a plan by Republican U.S. lawmakers to replace the Obamacare healthcare law but influential conservative groups came out strongly against it, complicating the proposal's prospects for passage in Congress. Republicans in the U.S. House of Representatives on Monday unveiled legislation to do...

  • WASHINGTON, March 7- President Donald Trump on Tuesday endorsed a plan by Republican U.S. lawmakers to replace the Obamacare healthcare law but influential conservative groups came out strongly against it, complicating the proposal's prospects for passage in Congress. Republicans in the U.S. House of Representatives on Monday unveiled legislation to do...