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Greg LeMond's lawsuit with exclusive club settled

AP — Fri, 15 Aug 2008 21:49:30 +0000

Former cycling star Greg LeMond has reached a $39.5 million settlement with the owners of an exclusive retreat for the super rich that has its own ski resort and uses ex-Secret Service agents for...

Pickens rips Yahoo management, sells entire stake

AP — Tue, 29 Jul 2008 17:57:44 +0000

Billionaire investor T. Boone Pickens has sold all of his holdings in Yahoo Inc. in a pique over the way the Internet company’s management handled sales talks with Microsoft...

La Leopolda becomes world's most expensive house at $500 million

Deepa — Fri, 11 Jul 2008 06:22:13 +0000

Often on the street I’ve seen people shake a set of keys with a big smile on their face implying ‘I’ve got a place of mine.’ Be it a small urban burrow or spacious mansion spread over large green acres, it’s a matter of pride...

Koch giving $100 million to Lincoln Center theater

AP — Thu, 10 Jul 2008 08:06:49 +0000

Billionaire oil baron David Koch has pledged $100 million to renovate the New York State Theater at Lincoln Center.The theater, home to City Opera and the New York City Ballet, will be renamed the David H. Koch Theater.Koch (COKE) has an estimated...

Billionaire pleads to Fla. prostitution charge

AP — Mon, 30 Jun 2008 17:29:05 +0000

New York billionaire Jeffrey Epstein has pleaded guilty to soliciting prostitution from underage girls in South Florida.Circuit Judge Deborah Dale Pucillo sentenced the 55-year-old money manager Monday to 18 months in the Palm Beach County jail,...

Kerkorian increases stake in Ford to 6.49 percent

AP — Thu, 19 Jun 2008 10:50:39 +0000

Billionaire investor Kirk Kerkorian’s Tracinda Corp. reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.Tracinda says Thursday in a filling the Securities and Exchange Commission that it now owns...

Perot launches Web site about government spending

AP — Mon, 16 Jun 2008 17:22:55 +0000

Billionaire former presidential candidate Ross Perot has started a Web site to highlight what he calls the “economic crisis” facing the country because of deficit spending.The Web site announced Monday is PerotCharts.com, a play on...

Icahn sends letter to Yahoo, plans proxy battle

AP — Thu, 15 May 2008 13:38:01 +0000

Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo’s board of directors.In a letter to Yahoo Chairman Roy Bostock, Icahn said he is nominating 10 directors, including himself, following the...

Report: Investor to lead fight against Yahoo board

AP — Thu, 15 May 2008 01:00:11 +0000

Billionaire investor Carl Icahn reportedly plans to try overthrowing Yahoo’s entire board to clear the way for Microsoft to renew its attempt to buy Yahoo.Icahn, who acquired about 50 million Yahoo shares this month will nominate an alternate...

Report: Carl Icahn will lead mutiny against Yahoo board

AP — Thu, 15 May 2008 00:17:05 +0000