TRENTON, N.J.— Botox and eye-drug maker Allergan is suing a Canadian drugmaker and a hedge fund over their hostile takeover attempt, alleging insider trading and other fraud before their plan became public.» Read More
Hedge fund BlueMountain Capital Management is suing the Puerto Rico government over debt avoidance law, reports CNBC's Kate Kelly.
Bill Ackman fired his latest shot at Herbalife Tuesday, but the company's stock mostly rose during the investor's presentation.
The Senate Investigations Subcommittee is saying two global banks and as many as 13 hedge funds dodged billions in taxes, reports CNBC's Eamon Javers.
Bill Ackman, head of Pershing Square Capital Management, said his firm's presentation of a Herbalife investigation will "expose incredible fraud."
WASHINGTON, July 21- The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities.
NEW YORK— Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.
Valeant has complained to regulators that claims made by Allergan to counter a hostile takeover are misleading, sources have told CNBC.
Hedge fund manager Ken Griffin doesn't seem interested in running for office himself despite recent political engagement.
Herbalife is ramping up its rhetoric against arch-nemesis Bill Ackman.
Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.
July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. Consider its passive investment in RadioShack's stock, which has fallen about 69 percent this year.
Advanstar is working with investment banks Goldman Sachs Group and Moelis& Co to assist with efforts to find a buyer, the people said, asking not to be named because the matter is not public. Advanstar is controlled by hedge fund Anchorage Capital Group and private equity firms Ares Management LP and Veronis Suhler Stevenson.
Stan Druckenmiller said IBM's recent stock buybacks represent what's wrong with the economic recovery.
Billionaire money manager John Paulson still thinks buying a home to live in is the best investment possible.
July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney.
July 17- Casablanca Capital LP said two independent proxy firms have recommended that shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's board nominees. Cliffs is locked in a proxy battle with New York- based hedge fund Casablanca, which owns 5.2 percent of Cliffs stock and accuses the company of destroying shareholder value.
The billionaire activist investors shared the stage during a surprise joint appearance at the Delivering Alpha conference.
NEW YORK, July 16- Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals International Inc a "very serious acquirer" and predicted that Allergan Inc cannot rebuff the drug maker on its own.
Nelson Peltz hinted at a potential for a proxy contest at Pepsi, one of his hedge fund's holdings.
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When it comes to what investors think will spoil the 6-year-old bull market, most point directly to the Federal Reserve.
Originally scheduled for Oct. 21-24 in Singapore, the date conflicted with a Hindu holiday called Deepavali.
Argentina is almost certainly headed for a technical default of its bond-payment obligations at 12:01 Thursday morning.