Business Leaders and top investors hot news - 4-Traders.com

No reason why Nikkei couldn't double - Rogers

Mon, 20 May 2013 11:10:27 -0400

(4-traders.com) ANCHOR, OFF-CAM, (ENGLISH) SAYING: The Nikkei is up 70% over the past year, how are you playing Japan? JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING: Last time or the last few times we've spoken, I told you I bought Japan during the tsunami and then I bought more when Mr....
http://www.4-traders.com/business-leaders/Jim-Rogers-39/news/No-reason-why-Nikkei-couldn-t-double-Rogers--16896791/

Yahoo to Acquire Tumblr for $1.1 Billion in Cash

Mon, 20 May 2013 08:25:30 -0400

(4-traders.com) By Joann S. Lublin, Amir Efrati and Spencer E. Ante Yahoo Inc. (>> Yahoo! Inc.) agreed to acquire blogging startup Tumblr for about $1.1 billion in cash, a deal that will see Tumblr continue to operate as an independent business. Tumblr, founded in 2007, fast built a...
http://www.4-traders.com/business-leaders/Marissa-Mayer-276/news/Yahoo-to-Acquire-Tumblr-for-%241-1-Billion-in-Cash--16896195/

Dell says cannot disclose more information to Icahn yet

Mon, 20 May 2013 07:49:39 -0400

(4-traders.com) Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. Dell's special committee of the board of directors said...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/Dell-says-cannot-disclose-more-information-to-Icahn-yet--16896036/

China's Fosun Eyes $1 Billion Private-Equity Fund

Mon, 20 May 2013 07:35:24 -0400

(4-traders.com) --Chinese conglomerate Fosun International raising its second dollar-denominated fund --China Momentum Fund's first close in June --U.S. insurer Prudential Financial to invest in the fund SHANGHAI--Chinese conglomerate Fosun International Ltd. (0656.HK) is raising a $1 billion...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/China-s-Fosun-Eyes-%241-Billion-Private-Equity-Fund--16896068/

Google Exec Chairman Schmidt Defends Tax Affairs amid Fresh Claims - Newspapers

Sun, 19 May 2013 10:20:00 -0400

(4-traders.com) LONDON--Google Inc. (GOOG) Executive Chairman Eric Schmidt Sunday defended the internet search company's tax affairs in a U.K. newspaper article, days after the company was accused of tax avoidance by a committee of U.K. lawmakers and as fresh allegations about its tax affairs surfaced. ...
http://www.4-traders.com/business-leaders/Eric-Schmidt-255/news/Google-Exec-Chairman-Schmidt-Defends-Tax-Affairs-amid-Fresh-Claims-Newspapers--16871150/

Source Says Yahoo CEO Mayer to Announce Updates to Flickr Site at Monday Event -Bloomberg

Fri, 17 May 2013 19:47:02 -0400

(4-traders.com) Yahoo Inc. (YHOO) Chief Executive Marissa Mayer will announce updates to the company's Flickr photo-sharing service at a Monday event, Bloomberg News reported, citing a person familiar with the matter. Earlier Friday, CNBC reported that Ms. Mayer would speak at a product-related event in New...
http://www.4-traders.com/business-leaders/Marissa-Mayer-276/news/Source-Says-Yahoo-CEO-Mayer-to-Announce-Updates-to-Flickr-Site-at-Monday-Event-Bloomberg--16870813/

Transocean CEO Confirms Shareholders Rejected Icahn's Dividend Proposal

Fri, 17 May 2013 13:41:11 -0400

(4-traders.com) By Tom Fowler Transocean Ltd. (RIG, RIGN.VX) shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time company Chairman Michael Talbert and added one of Mr. Icahn's candidates to the offshore drilling giant's...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/Transocean-CEO-Confirms-Shareholders-Rejected-Icahn-s-Dividend-Proposal--16870481/

Google's Schmidt to meet Britain's Cameron as tax row rages

Fri, 17 May 2013 07:58:10 -0400

(4-traders.com) The meeting is a routine one and has been long-planned, will include other high-profile business people, and tax evasion is not on the agenda, a government source told Reuters. Google faced angry questions on Thursday from British lawmakers investigating...
http://www.4-traders.com/business-leaders/Eric-Schmidt-255/news/Google-s-Schmidt-to-meet-Britain-s-Cameron-as-tax-row-rages--16869447/

Bill Gates Retakes World's Richest Title - Bloomberg News

Thu, 16 May 2013 21:38:11 -0400

(4-traders.com) Bill Gates, the 57-year-old co-founder of Microsoft Corp. (>> Microsoft Corporation), recaptured the title of world's richest person from Mexican investor Carlos Slim Thursday, Bloomberg News reported on its website Friday. It is the first time Gates has held the mantle since...
http://www.4-traders.com/business-leaders/Bill-Gates-24/news/Bill-Gates-Retakes-World-s-Richest-Title-Bloomberg-News--16868539/

Dell's profit dives as billionaire battle rages on

Thu, 16 May 2013 20:35:50 -0400

(4-traders.com) The disappointing results lend weight to Michael Dell's effort. The man who started Dell from a college dorm room wants to take the world's No.3 PC maker private for $24.4 billion, arguing that its transformation into a provider of enterprise computing...
http://www.4-traders.com/business-leaders/Michael-Dell-141/news/Dell-s-profit-dives-as-billionaire-battle-rages-on--16868163/

Ex-Groupon CEO Mason moving to San Francisco to start new company

Thu, 16 May 2013 20:13:02 -0400

(4-traders.com) "If there's a silver lining to leaving Groupon, it's the opportunity to start something new," Mason wrote. "I've accumulated a backlog of ideas over the last several years, my favorite of which I'll be turning into a new company this fall." ...
http://www.4-traders.com/business-leaders/Andrew-Mason-266/news/Ex-Groupon-CEO-Mason-moving-to-San-Francisco-to-start-new-company--16868447/

Rating for Buffett's Berkshire cut by S&P

Thu, 16 May 2013 17:09:58 -0400

(4-traders.com) The rating was cut to "AA" from "AA-plus," and S&P assigned a "negative" outlook, suggesting another cut could occur within a few years. S&P left its credit and financial strength ratings for Berkshire's insurance operating units at "AA-plus." ...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/Rating-for-Buffett-s-Berkshire-cut-by-S-P--16868283/

Dell Profit Down 79% as Revenue, Margins Slip

Thu, 16 May 2013 16:35:00 -0400

(4-traders.com) --Dell earnings drop 79%, below analyst expectations --Dell admits some customers are concerned about company's future --Revenue at computing segment falls 9% Dell Inc.'s (DELL) fiscal first-quarter earnings dropped 79%, missing Wall Street expectations, as the computer maker...
http://www.4-traders.com/business-leaders/Michael-Dell-141/news/Dell-Profit-Down-79-as-Revenue-Margins-Slip--16868242/

Telefonica Mexico chief sees quick move to loosen Slim's grip

Thu, 16 May 2013 12:17:12 -0400

(4-traders.com) MEXICO CITY (Reuters) - Spain's Telefonica (>> Telefonica SA) expects Mexico's new government to quickly implement new regulations designed to challenge billionaire Carlos Slim's dominance in the local telecommunications market, a top company official...
http://www.4-traders.com/business-leaders/Carlos-Slim-15/news/Telefonica-Mexico-chief-sees-quick-move-to-loosen-Slim-s-grip--16867701/

Appaloosa, Soros Pare Apple Exposure

Wed, 15 May 2013 18:15:17 -0400

(4-traders.com) At least two well-known hedge funds cut their stakes in Apple Inc. (>> Apple Inc.) in the first quarter as the consumer-electronics giant's shares fell 17% during the period. David Tepper's Appaloosa Management LP cut its Apple position by 41% to 540,000 shares, according to a...
http://www.4-traders.com/business-leaders/George-Soros-56/news/Appaloosa-Soros-Pare-Apple-Exposure--16865369/

Soros Fund Cuts Some Big Banks, Trims Gold ETF Stake, Adds to Miner Position

Wed, 15 May 2013 17:54:08 -0400

(4-traders.com) By Brett Philbin Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase & Co. (>> JPMorgan Chase & Co.) and Morgan Stanley (>> Morgan Stanley) in the first quarter, while lowering its position in Citigroup Inc. (C) and the SPDR Gold...
http://www.4-traders.com/business-leaders/George-Soros-56/news/Soros-Fund-Cuts-Some-Big-Banks-Trims-Gold-ETF-Stake-Adds-to-Miner-Position--16865345/

Icahn's Stake in Netflix Tops $1 Billion Paper Profit

Wed, 15 May 2013 12:35:17 -0400

(4-traders.com) For Carl Icahn, the gains on Netflix Inc. (>> Netflix, Inc.) are streaming in. In a little over six months, Mr. Icahn has seen his investment in the video-by-demand company gain more than $1 billion. The activist billionaire's paper profits crossed that threshold on Wednesday...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/Icahn-s-Stake-in-Netflix-Tops-%241-Billion-Paper-Profit--16864681/

Macau Gives SJM Green Light On Cotai Casino

Wed, 15 May 2013 00:55:08 -0400

(4-traders.com) By Kate O'Keeffe Macau's biggest casino operator, SJM Holdings Ltd. (0880.HK), Wednesday became the last of the territory's casino operators to win approval from the government to build a casino in Cotai, a rapidly developing area in the world's largest gambling center. The...
http://www.4-traders.com/business-leaders/Stanley-Ho-111/news/Macau-Gives-SJM-Green-Light-On-Cotai-Casino--16862169/

Google CEO Larry Page Diagnosed with Vocal Cord Paralysis

Tue, 14 May 2013 14:40:20 -0400

(4-traders.com) By Kristin Jones Google Inc. (GOOG) Chief Executive Larry Page said he has been diagnosed with vocal cord paralysis, which has left his voice softer than before and affected his breathing. Mr. Page gave the disclosure in a post on Google Plus, saying the nerve problem first paralyzed...
http://www.4-traders.com/business-leaders/Larry-Page-99/news/Google-CEO-Larry-Page-Diagnosed-with-Vocal-Cord-Paralysis--16861482/

Bloomberg's top editor calls client data policy 'inexcusable'

Tue, 14 May 2013 06:23:58 -0400

(4-traders.com) His statement came as central banks around the world looked into any possible breaches in the confidentiality of their usage data. Japan's central bank said it had contacted Bloomberg. The Hong Kong Monetary Authority, which is effectively the territory's...
http://www.4-traders.com/business-leaders/Michael-Bloomberg-203/news/Bloomberg-s-top-editor-calls-client-data-policy-inexcusable--16857696/