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Notable Insider Buys Last Week: PBF Energy, Trinity Industries
Sunday, January 26, 2020 - 9:20am | 482Read More...Insider buying can be an encouraging signal for potential investors. A couple of insiders made return trips to the buy window. Insider buying is subdued overall while earnings season is in full swing. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for...
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Jeff Bezos Tops Carlos Slim As The Fourth-Richest Person In The World (Again)
Saturday, April 30, 2016 - 11:48am | 285Read More...It's a head-to-head race between Amazon.com, Inc. (NASDAQ: AMZN)'s Jeff Bezos and America Movil SAB de CV (ADR) (NYSE: AMX)'s Carlos Slim Helú for the world’s fourth-richest person spot. And it looks like, once again, Bezos is ahead. Following Amazon's top and...
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Carlos Slim Raises Stake In The New York Times To 16.8%
Thursday, January 15, 2015 - 11:30pm | 681Read More...Mexican billionaire Carlos Slim is now the biggest stakeholder of The New York Times Company (NYSE: NYT) after entities affiliated with him exercised their warrants to acquire 15.9 million Class A shares of the company at a cost of $101.1 million or $6.3572 per share. Slim had received these...
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Carlos Slim Says People Should Work 3 Days A Week - Here's How
Wednesday, August 20, 2014 - 9:00am | 675Read More...Mexican billionaire Carlos Slim made news last month when he suggested implementation of a three-day workweek. Slim reiterated his three-day workweek proposal in Houston Monday saying the downside -– longer work hours and delaying retirement until the age of 70 to 75 -- would be more than...
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Carlos Slim Doubles His Stake In The New York Times
Thursday, February 20, 2014 - 4:28pm | 281Read More...A rumor is circulating that, if true, could further impact one of America's premier journalism outlets. According to Bloomberg, Telecom mogul Carlos Slim Helú is planning on doubling his stake in the New York Times Company (NYSE: NYT). That action would reportedly bring his stake to 19 percent...
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The Elon Musk Bump: $127 Billion of Market Value
Monday, June 10, 2013 - 10:23am | 1691Read More...There are a few stocks that are publicly traded that have recently gotten the proverbial "Elon Musk bump" as the now-iconic entrepreneur and visionary stakes his claim in financial markets. However, recent jitters over the long-term sustainability of the new technologies his many companies...
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Familiar Face Climbs Back to the Top of Billionaires List
Friday, May 17, 2013 - 9:39am | 510Read More...Apparently, the world has a new richest man. Actually, reclaiming the top spot is more accurate. According to Bloomberg, Microsoft (NASDAQ: MSFT) founder Bill Gates is, once again, the world’s richest man. He moved ahead of Mexican telecom mogul Carlos Slim in rankings released on May 16 by...
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America Movil Drags Mexico ETF Lower
Wednesday, February 13, 2013 - 11:16am | 587Read More...Shares of the iShares MSCI Mexico Capped Investable Market Index Fund (NYSE: EWW), the lone ETF exclusively devoted to Latin America's second-largest economy, are trading lower by 1.3 percent in early trading Wednesday and the catalyst behind EWW's drop is easy to spot. The U.S.-listed shares of...
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World's Richest Man Carlos Slim Snatches Up 8.4% of YPF
Friday, June 15, 2012 - 1:51pm | 346Read More...Carlos Slim Helu, the wealthiest man in the world, has purchased 8.4% of Argentine-based company YPF (NYSE: YPF). The oil and gas company was nationalized back in April by the country's current president, Cristina Fernandez de Krichner. Slim is clearly not afraid of a challenge. Argentina has...
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Carlos Slim To Boost Investments In Colombia
Friday, February 11, 2011 - 2:36pm | 171Read More...According to Bloomberg, the world's richest man is looking to increase his investments in Colombia because of the country's liberal oil exploration policies along with its mineral assets and expanding middle class. Mexico's Carlos Slim told Bloomberg that he is looking to expand the drilling and...
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An Interesting Latin America ETF Riddle
Thursday, February 3, 2011 - 2:56pm | 284Read More...Sure, we're barely more than a month into 2011, but it's never too early to start examining the one-month performance of some of 2010's emerging markets darlings in the ETF world. Not surprisingly, Latin America was home to many darlings in 2010, but several of those ETFs have gotten off to less-...
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New York Times Jumps 5.5% On High Volume (NYT)
Monday, November 22, 2010 - 2:20pm | 113Read More...Shares of The New York Times Company (NYSE: NYT) are higher on the session by 5.50%, currently trading at $8.63. The stock is seeing huge volume as well with shares turning over 10.8 million times; that is 6.05x the 10-day daily average volume and 8.5% of the float. It is rumored that one of the...
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James Altucher Bullish on Bronco Drilling (BRNC)
Monday, June 14, 2010 - 9:04am | 334Read More...James Altucher is looking for a way to play weakness in the Oil sector and is reporting in the Wall Street Journal that Bronco Drilling (NASDAQ: BRNC) is the way to go. He noted that, “With all of the various issues in the Gulf of Mexico since the Deepwater Horizon explosion and virtual ban on...
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Carlos Slim To Merge Fixed and Mobile Business (AMOV)
Wednesday, May 26, 2010 - 2:03pm | 130Read More...Billionaire Carlos Slim is planning to consolidate his mobile and fixed-line telephone businesses in Brazil. The merger will help in curtailing costs. According to Folha de S.Paulo newspaper, Slim is looking to merge fixed-line company Embratel with Claro. The merger is likely to be completed in...
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America Movil Raises $4 Billion In Debt Sales (AMX, JPM, C, GS)
Wednesday, March 24, 2010 - 7:15pm | 159Read More...Mobile phone operator, America Movil SAB (NYSE: AMX) has raised $4 billion selling debt. America Movil (AMX) is owned by the world’s richest person, Carlos Slim. The company had earlier raised $1.2 billion through local peso bond sales. Earlier in March, it had raised $214 million Swiss-franc sales...
