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Cadillac ditching Detroit for New York: 'There are more hedge fund billionaires in NYC'

2014-09-24 00:08:16| Automakers - Topix.net

General Motors ' 112-year-old luxury car division, founded in Detroit and named for the city's founder, is moving its headquarters to New York . Cadillac , which has been steadily losing sales to its German rivals, wants to get closer to its ideal buyers.

Tags: in york fund detroit

 

Billionaires bleed in iron ore slump

2014-09-08 06:06:51| Grocery - Topix.net

Pubs billionaire Bruce Mathieson is poised to lose tens of millions of dollars after his 21.5 per cent-owned Western Desert Resources became the highest-profile victim of the iron ore price slump so far, calling in administrators. The collapse of the iron ore junior, which mines the Roper Bar venture in the Northern Territory, came after Macquarie Bank lost patience with ongoing negotiations on restructuring payments on about $80 million of debt and further short-term funding needs.

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Detroit brings bankruptcy plan to court with billionaires in tow

2014-09-02 16:59:14| Auto Dealers - Topix.net

Detroit's plan to fix its finances with hundreds of millions of dollars in private donations comes years after the U.S. automotive capital got hooked on philanthropy to rebuild its blighted neighbourhoods, revamp its riverfront and lure new businesses.

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The richest oil and gas billionaires

2014-08-26 01:00:00| Offshore Technology

Five of the worlds ten richest oil and gas billionaires are from Russia; two are based in the US, while surprisingly only one hails from the Middle East. Offshore-technology.com profiles the worlds richest oil and gas tycoons based on Forbes calcu

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Green Billionaires Club? David Vitter Owns Stock in Coal Utilities Fighting EPA Carbon Rules

2014-08-09 05:03:03| Oil & Gas - Topix.net

We Energies says it stands to lose economically if the proposed Obama EPA carbon rules are implemented, citing the potential risks related to legislation and regulation in its most recent U.S. Securities and Exchange Commission Form 10-Q .

Tags: club david stock green

 

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