They shape economies, move markets, do deals -- and change the world. They hold sway by virtue of the money they manage, the companies they control, the policies they enact and the ideas they propound. The people on the third annual 50 Most Influential list, to be published in the October issue of Bloomberg Markets magazine, command attention as masters of the global financial system.
Fidelity & Guaranty Life, the insurer controlled by Philip Falcone’s Harbinger Group Inc., is seeking a valuation of at least $1 billion in its initial public offering, according to two people involved in the planning.
Philip Falcone’s LightSquared Inc. proposed a reorganization that includes a potential sale of wireless spectrum instead of an auction led with a $2.2 billion bid from a unit of Charlie Ergen’s Dish Network Corp.
Philip Falcone’s LightSquared Inc. shouldn’t be allowed to run its own bankruptcy auction, a group of lenders said, citing depleted cash, a changing industry and a controlling shareholder who wants to block the sale.
For Philip Falcone, the price of hanging on to his dream of building a wireless broadband network is a new, tougher settlement with U.S. regulators that requires him to admit wrongdoing and bans him from the hedge-fund industry that made him a billionaire.
Philip Falcone’s Spectrum Brands Holdings Inc. is improving creditworthiness at the fastest pace among high-yield U.S. consumer-products makers as it taps the loan market to cut debt-service costs after a $1.4 billion acquisition.
A few years ago, polo player Nacho Figueras was a happy customer at the lemonade stand set up by Diana DiMenna and her children on the final day of polo at Two Trees Farm in Bridgehampton, benefiting the Robin Hood Foundation.
Hedge fund Harbinger Capital Partners sued Deere & Co., Garmin International Inc. and Trimble Navigation Ltd., claiming they concealed facts about global positioning system products that ruined Harbinger’s investment in a wireless network.