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Carlos Slim

BUSINESS
June 27, 2003 | From Bloomberg News
Circuit City Stores Inc. said Mexican billionaire Carlos Slim made a $1.5-billion buyout offer that it rejected because the $8-a-share cash bid was too low. Slim, who owns 9.2% of the Richmond, Va.-based company, is considering whether to make a fresh proposal for stock in the company he doesn't already own, a spokesman for Slim said.
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BUSINESS
March 5, 2005 | From Bloomberg News
Carlos Slim, MCI Inc.'s biggest investor, said he opposed the company's planned sale to Verizon Communications Inc., adding to pressure on MCI Chief Executive Michael Capellas to negotiate a better deal. Verizon's $6.76-billon offer is too low and an $8-billion bid from Qwest Communications International Inc. also falls short, said Arturo Elias, a spokesman for Slim, who holds a 13.7% stake in Ashburn, Va.-based MCI. "We find the Qwest offer better, but it's also insufficient," Elias said.
BUSINESS
March 16, 2000 | Reuters
Mexican businessman Carlos Slim, Latin America's richest man, will meet the world's wealthiest, Microsoft Corp. Chairman Bill Gates, on Tuesday to launch a Web portal aimed at Spanish-speakers from Canada to Patagonia. The entrepreneurs will launch the Internet site T1 from Miami, a source close to the organization committee said. In October, Slim's Telefonos de Mexico--a market bellwether--teamed up with Microsoft to develop the Web portal.
BUSINESS
September 30, 2005 | From Bloomberg News
Mexican billionaire Carlos Slim led a group of business executives, union leaders and academics calling on presidential contenders to commit to a program they said would help spur economic growth and create jobs. About 400 business executives, including Grupo Televisa Chief Executive Emilio Azcarraga, signed an accord Thursday in Mexico City that calls for private investment in roads, energy, water, health and education.
BUSINESS
March 3, 2000 | Bloomberg News
Carlos Slim Helu and other members of one of Mexico's wealthiest families acquired a 7% stake in Saks Inc., the owner of Saks Fifth Avenue and other department stores. The investors reported holding more than 10 million Saks shares, worth more than $120 million at current prices, according to documents filed with the Securities and Exchange Commission.
BUSINESS
March 9, 2007 | Marla Dickerson, Times Staff Writer
Telecom mogul Carlos Slim Helu has built a corporate empire so vast that it's nearly impossible for most Mexicans to go a day without slipping a few pesos into his pocket. Those pesos add up. On Thursday, Forbes magazine estimated his net worth at $49 billion. That represented a stunning $19-billion increase from 2006, the biggest one-year jump in a decade for anyone on the magazine's annual list of the world's richest people. Microsoft Corp.
BUSINESS
March 13, 2007 | Marla Dickerson, Times Staff Writer
Facing mounting criticism for his $49-billion fortune in a nation where nearly half the population lives in poverty, telecom mogul Carlos Slim Helu on Monday portrayed his business empire as a family enterprise that is creating jobs and investment in Mexico. It was Slim's first public appearance since Forbes magazine last week announced that his net worth surged $19 billion in 2006. Slim ranked third behind Microsoft Corp. co-founder Bill Gates ($56 billion) and American investor Warren E.
BUSINESS
September 5, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
MEXICO CITY In a nation known for corporate waste and avarice, billionaire Carlos Slim Helu operates both efficiently and generously--a sort of Mexican mix of Sam Walton and Andrew Carnegie. He doesn't use consultants or headhunters to bring in talent, preferring instead to deploy members of his own team. Like Slim, they win no elegance contests. But they are tough, instinctive traders. "The majority of our team is home-grown," Slim says.
BUSINESS
March 5, 2012 | By Jim Puzzanghera
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend, but remains the world's richest person. Microsoft co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations of the net worth of the world's richest people now can be followed like stock prices or baseball standings, with the unveiling of the Bloomberg Billionaires Index . "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
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