Mexican telecom tycoon Carlos Slim, who is ranked by Forbes as the world's second-richest man, reportedly established his own oil company.
Mexican billionaire Carlos Slim Helú announced the creation of a new company to spin off cellular towers as part of its divestiture plan to avoid tougher anti-trust sanctions
MEXICO CITY (Reuters) - Mexico's telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim's America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.
MEXICO CITY (Reuters) - A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday. Show More Summary
Forbes just released its annual ranking of the top billionaires in the world. Once again, Bill Gates, beating out Mexican telecom magnate Carlos Slim, tops out the list. Unsurprisingly, a lot of tech billionaires made the list. Despite the vast quantities of cash flying around the tech industry, however, no one came particularly close to Gates. Show More Summary
The Mexican tycoon bought a 25 pct stake in property firm Realia at a discount and is eyeing a takeover. He is also the biggest shareholder of builder FCC, which in turn owns major stakes in Realia and Cementos Portland. Slim effectively controls all three. Minorities beware.
Juventus defeated Borussia Dortmund, 2-1, in the first leg of its round-of-16 clash with the German side on Tuesday in Turin. Carlos Tevez and Alvaro Morata each scored a goal in the first half to hand the Italian side a slim advantage...Show More Summary
Some big news for Fancy, the social shopping platform based out of New York. The company has raised a Series D round of around $20 million, a strategic investment led by Mexico’s Carlos Slim and CCC, a holding company out of Japan whose main business is the Tsutaya chain of book and media retailers. Show More Summary
Mexican telecoms billionaire Carlos Slim is having quite a week—he has become the biggest shareholder in the New York Times and reclaimed his title as the world's richest man. Slim has exercised warrants obtained when he loaned the company $250 million in 2009 to double his stake in the...
Mexican telecom mogul Carlos Slim Helu now owns more of the New York Times Co than the does the Sulzberger family, which has controlled the venerable news provider since 1896. Slim became the dominant investor today after paying $101.1...Show More Summary
(Reuters) - New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. Show More Summary
Mr. Slim, who lent the newspaper money during the financial downturn, exercised warrants received as a part of that deal.
Mexican billionaire Carlos Slim who loaned the New York Times $250 million when the newspaper was struggling to survive financially has reaped large returns for his investment to date and stands to profit by another $100 million if he exercises his stock warrants this week according to Bloomberg.
Carlos Slim, the 74-year-old Mexican billionaire, could become the largest shareholder of The New York Times if he exercises his options by tomorrow’s deadline. Slim loaned the Times a tiny bit of spending cash ($250 million) in 2009...Show More Summary
Billionaire Carlos Slim is poised to become the largest shareholder in the New York Times Co. after already almost doubling his money from an investment that helped the newspaper get through the... To view the full story, click the title link.
Carlos Slim’s telecoms empire needs to reduce its dependence on Mexico. The fourth U.S. wireless carrier is cheap, parent Deutsche Telekom doesn’t want it and there’s strategic logic to a deal. The increasingly frightful competition in U.S. telecoms may be a sticking point.
When people call you an ‘Oracle’, and you are working in the finance industry, Warren Buffet, CEO and Chairman of Berkshire Hathaway Inc. (NYSE:BRK.A), will tell you that life doesn’t get any better, at least in terms of amassing huge sums of wealth. In a segment on CNBC, it was revealed that Buffet is now […]
Forbes released its annual ranking of The World’s Most Powerful People on Wednesday, and it includes several media movers: Warren Buffett, CEO of Berkshire Hathaway, was ranked 12th. Carlos Slim Helu, the Mexican telecoms billionaire who owns a 17 percent stake in The New York Times, came in at no. Show More Summary
He's said it once and he's saying it again: Carlos Slim envisions a world where we work just three days a week and have more time for the things we enjoy. But this isn't some pipe dream. "I am sure it will happen," the Mexican billionaire tells CNN Money. Though...
Carlos Slim — aka the richest man in the world — has a novel idea: instead of working five (or more) days a week, bring it down to three. "You should have more time for you during all of your life, not when you're 65 and retired," he told CNNMoney. Show More Summary