Even as bondholders of Carl Icahn’s investing company enjoy market-beating gains, they’re demanding extra yield on new notes to compensate for risk in the maverick investing style of the world’s 35th-richest person.
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.
Dynegy Inc . said the Federal Energy Regulatory Commission, or FERC, has approved an application by Dynegy and an affiliate of Icahn Enterprises LP related to the proposed acquisition of Dynegy by IEP.