Access Industries News
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Harvard University, the oldest and richest U.S. college, received a $50 million donation from the Blavatnik Family Foundation to support development of treatments from basic science discoveries.
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Beats Electronics LLC, maker of the popular headphones, received a $60 million investment led by billionaire Len Blavatnik and will use the money to invest in its planned Daisy music streaming service.
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Billionaire Viktor Vekselberg will recapitalize his Russian power companies and pour as much as $1 billion into a “resource-intensive” industry at home after selling out of oil producer TNK-BP.
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LyondellBasell Industries NV advanced the most in seven weeks in New York trading after the chemical maker’s former owner, Access Industries Holdings LLC, announced plans to buy $956.8 million of company stock.
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With $14 billion from selling out of TNK-BP, Mikhail Fridman and German Khan’s Alfa Group is planning to return to the oil industry and expand worldwide, according to Stan Polovets, chief executive officer of the Alfa- Access-Renova Consortium, which owned the Russian oil venture 50:50 with BP Plc.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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JPMorgan Chase & Co. filled a fund started by billionaire Leonard Blavatnik with risky mortgage securities instead of the conservative investments it was told to make, lawyers for Blavatnik told a New York state judge today.
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Norex Petroleum Ltd. sued billionaire Leonard Blavatnik and his Access Industries Inc. over allegations they schemed to strip its controlling interest in a Russian oil company valued at an estimated $500 million.
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Norex Petroleum Ltd.’s lawsuit against billionaire Leonard Blavatnik , his Access Industries Inc. and 13 other defendants was put on hold by a New York judge, according to a lawyer in the case.
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Billionaire Len Blavatnik ’s lawsuit claiming JPMorgan Chase & Co. lost 10 percent of the $1 billion he had it manage can move forward after a state appeals court upheld a judge’s ruling that the suit shouldn’t be tossed.
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