January, 2008

Wilbur Ross Won’t Wait For Downgrade

Filed under Wilbur Ross - WL Ross
January 31, 2008 10:26 pm

Billionaire Wilbur Ross, who’s been rumoured to be considering a bid for Ambac, tells CNBC that any takeover of a bond insurer has to come before a downgrade. Wilbur Ross, chairman & CEO, WL Ross & Co., speaks to CNBC watch the video here: http://www.cnbc.com/id/15840232?video=631483774

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India’s United Breweries seeks close Heineken ties

Filed under Vijay Mallya - United Beverages, Deals
10:08 pm

India’s United Breweries has suggested close distribution ties with Heineken following the takeover offer by the Dutch brewer and Carlsberg for Scottish & Newcastle, which owns a stake in UB. ... Read more »

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Virgin fund invests in U.S. driver safety start-up

Filed under Projects, Richard Branson - Virgin
8:28 pm

British billionaire Richard Branson’s Virgin Group [VA.UL] led a $14.5 million investment round in a start-up that helps people drive more safely and reduce fuel usage. GreenRoad Technologies, a five-year-old company ... Read more »

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Billionaire’s $100m gift to poor indigenous

Filed under Philanthrophy, Clive Palmer - Mineralogy
7:18 pm

THE Gold Coast’s own billionaire, Clive Palmer, has thrown down the gauntlet to resource giants with a bold move to give indigenous communities a $100 million dividend from his back ... Read more »

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LAZARD & BRUCE $CORING BIG IN Q4

Filed under Bruce Wasserstein - Lazard
7:06 pm

  Bruce Wasserstein’s Lazard Ltd. scored huge earnings for the fourth quarter, a record jump of 43 percent amid higher fees for takeover advice and money management. The New York ... Read more »

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Former Yukos Billionaire On Hunger Strike

Filed under ex-billionaires, Mikhail Khodorkovsky - Yukos
7:00 pm

The cause of prisoners under Russia’s justice system has a new and perhaps unlikely champion. Mikhail Khodorkovsky, the former Yukos oil billionaire is going on a hunger strike to protest ... Read more »

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Financiers to list cash shell on Euronext

Filed under Hedge funds, Deals, Nicolas Berggruen - Berggruen Holdings
6:53 pm

Shares in a new cash shell are to be listed on Euronext early next month with the aim of buying into a European company worth between €3bn ($4.45bn) and €5bn ... Read more »

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Fortune interviews Larry Page & Sergey Brin

Filed under Sergey Brin - Google, Larry Page - Google
4:51 pm

Google co-founders Larry Page and Sergey Brin and CEO Eric Schmidt take Google’s reputation seriously. When informed that Google would be named the best company to work for, for the ... Read more »

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Billionaire Branson Plans to Enter Russian Air Market

Filed under Projects, Richard Branson - Virgin
4:45 pm

U.K. billionaire Richard Branson said he plans to compete in Russia’s air travel market to offer “better” services for consumers, and may name a local partner in three months to ... Read more »

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Bill Clinton, a Mining Deal and a Big Donor

Filed under Politics, Frank Giustra
12:56 pm

Late on Sept. 6, 2005, a private plane carrying the Canadian mining financier Frank Giustra touched down in Almaty, a ruggedly picturesque city in southeast Kazakhstan. Several hundred miles to ... Read more »

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CNN interviews Tadashi Yanai

Filed under How to succeed advice, Predictions, Tadashi Yanai - UNIQLO
January 30, 2008 8:32 pm

Billionaire founder of Japanese clothing giant UNIQLO, Tadashi Yanai is credited for introducing cheap chic to the designer-conscious Japanese youth. Starting off with a single store in Hiroshima in 1984, ... Read more »

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Giants Co-Owner Tisch Predicts 21-17 Super Bowl Win

Filed under Predictions, Steve Tisch - Escape Artists
7:29 pm

New York Giants co-owner Steve Tisch said his team will win the Super Bowl, and he’ll display the Vince Lombardi Trophy alongside the Oscar he won for producing the 1994 ... Read more »

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French watchdog probes Societe Generale share sale by US financier

Filed under Investigations & Law, Robert Day
7:15 pm

The AMF, the French financial watchdog, yesterday said it had launched an investigation into share dealings in Société Générale. It emerged on Monday night that Robert Day, one of the ... Read more »

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Finishing with Potter worse than divorce, says Rowling

Filed under J.K. Rowling
6:39 pm

Finishing with Harry Potter was more painful than divorce, the author of the boy wizard blockbuster tales J.K. Rowling said Tuesday. The billionaire author, who wrote her seventh and last ... Read more »

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Broad Museum Set to Open in Los Angeles Without Much Broad Art

Filed under Eli Broad, Art
6:31 pm

The Louvre has its “Mona Lisa,” the Museum of Modern Art its Picassos. What does the Los Angeles County Museum of Art have? A new house for works that ... Read more »

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U.K. nears decision on possible Amway expulsion

Filed under Investigations & Law, Richard DeVos - Amway
1:55 pm

British officials are expected to rule within the next few weeks — perhaps within days — on a case that could result in Amway’s expulsion from the United Kingdom.The U.K. ... Read more »

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Musical Indonesian Billionaires Bet Oil Growth on Libya Gusher

Filed under Profiles, Hilmi & Arifin Panigoro - Medco Group
9:27 am

During a sultry Jakarta evening in late November, Hilmi Panigoro, chief executive officer of PT Medco Energi Internasional, turns to two guests at a sprawling corporate residence. “Maybe I ... Read more »

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Lego Celebrates 50 Years of Building

Filed under Kristiansen family - Lego
January 29, 2008 9:46 pm

For devotees, Monday sees the 50th anniversary of an event in Copenhagen that transformed toys and revolutionized childhood itself.  It was at 1:58 p.m. on January 28, 1958, that then-Lego ... Read more »

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Billionaire Carlos Slim calls for massive infrastructure effort in Mexico

Filed under Carlos Slim Helu - Americas Movil
8:40 pm

Billionaire Carlos Slim  proposed Mexico create a national infrastructure commission to take on what he described as US$60 billion in badly needed public works projects. Speaking before a conference ... Read more »

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Burkle bond’s hard to break

Filed under Politics, Ron Burkle
4:18 pm

SO much for reports that Bill and Hillary Clinton were trying to distance themselves from Ron Burkle. The Beverly Hills billionaire has been named one of the five national finance ... Read more »

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Tiger’s Julian Robertson roars again

Filed under Profiles, Hedge funds, Julian Robertson - Tiger Fund
2:29 pm

One early Wednesday morning last July, when the subprime mortgage meltdown first began to rock the markets, I found myself sitting with investing legend Julian Robertson in the cabin ... Read more »

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Meet Chris Flowers, Financial Jedi Master

Filed under Profiles, J.C. Flowers
1:05 pm

Financier J. Christopher Flowers has walked away from the now-failed buyout of Sallie Mae without a scratch — or a breakup fee — in a deal that may finally clean ... Read more »

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Liberty Media Moves to Take IAC From Diller

Filed under John Malone - Liberty Media
12:53 pm

Liberty Media took steps yesterday to seize control of IAC/InterActiveCorp from IAC Chairman Barry Diller, in a marked escalation of hostilities between Mr. Diller and his longtime backer, Liberty Chairman ... Read more »

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Icahn Targets Biogen With Board Candidates, Criticism

Filed under Carl Icahn
8:52 am

Billionaire investor Carl Icahn said he plans to nominate three people to Biogen Idec Inc.’s board and criticized the company’s earlier attempt to find a buyer as “flawed.”Biogen refused to ... Read more »

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Buffett’s Bond Insurer to Go National, Regulators Say

Filed under Warren Buffett - Berkshire Hathaway
8:50 am

Warren Buffett’s Berkshire Hathaway Inc. agreed to expand its new bond insurer nationwide in exchange for faster licensing, a group of U.S. state regulators said today.Cathy Weatherford, chief executive officer ... Read more »

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Thaksin ally elected as new Thai prime minister

Filed under Politics, Thaksin Shinawatra
January 28, 2008 5:50 pm

Thai lawmakers elected Samak Sundaravej, an ally of deposed premier Thaksin Shinawatra, as the nation’s new prime minister Monday, restoring civilian leadership after 16 months of military rule. The election of ... Read more »

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Macau mogul’s daughter is no daddy’s girl

Filed under Billionaire kids
4:33 pm

Sure, being the daughter of Macau’s casino king has had its perks. But Pansy Ho — gaming magnate, property tycoon, budding airline mogul and up-and-coming heir apparent to ageing father ... Read more »

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Indonesian ex-dictator Suharto dies

Filed under Accidents & deaths, Suharto
January 27, 2008 10:03 pm

Former Indonesian dictator Suharto — the “smiling general” who ruled his country with an iron fist for three decades — died Sunday at a hospital in Jakarta, said his ... Read more »

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Scoble Chats with Facebook’s Zuckerberg

Filed under Mark Zuckerberg - Facebook
4:57 pm

Yesterday morning I woke up early. Was sitting in the hotel lobby at 7 a.m. trying to check email when someone tapped me on the shoulder. It was Mark Zuckerberg, ... Read more »

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Buffett gives stock worth $14.31 million

Filed under Philanthrophy, Warren Buffett - Berkshire Hathaway
4:27 pm

Billionaire Warren Buffett has donated stock in his company worth roughly $14.31 million Friday to several charities over the past six months.  Buffett disclosed six different donations of Class B ... Read more »

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