Mega investors Dan Loeb and George Soros have both recently added big positions in FedEx. Larry McDonald, Newedge USA, and CNBC contributor Carol Roth, talk about what's behind the billionaires buying up FedEx shares.» Read More
Nov 22- Herbalife Ltd shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that view has cost up to $500 million.
*Guinea to hold Abu Dhabi investor meeting Nov. 24-25. Guinea's President Alpha Conde will woo investors at a two-day conference in Abu Dhabi starting on Sunday, hoping to build on a legislative election in September that marked the return to democracy after a 2008 coup.
FRANKFURT, Nov 20- Printing money is not the way out of the euro zone crisis, European Central Bank policymaker Jens Weidmann said, resisting the possibility raised by others at the ECB of buying assets to aid a weak recovery.
NEW YORK, Nov 18- J.C. Penney Co has a fan in hedge fund manager Marc Lasry, who says the struggling retailer is likely to survive after an ambitious reinvention failed, its stock price tumbled and its biggest investor exited.
*Exxon Mobil leads Dow after Buffett buy. *J.C. Penney, FedEx gain on hedge fund stakes. They rose 2.2 percent to $95.27 a day after Warren Buffett's Berkshire Hathaway Inc disclosed a new $3.45 billion stake in the second-largest U.S. company by market value, behind only Apple Inc.
*J.C. Penney, FedEx gain on hedge fund stakes. Federal Reserve Chair nominee Janet Yellen told a Senate Committee that the central bank's economic stimulus would continue and several key important investors disclosed stakes in companies like J.C. Penney and Exxon Mobil.
*FedEx, J.C. Penney gain on hedge fund stakes. The stock rose 1.2 percent to $94.35 a day after Warren Buffett's Berkshire Hathaway Inc disclosed a new $3.45 billion stake in the world's largest publicly traded oil company.
*PIMCO trims SPDR Gold Trust for 4 straight quarters. NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the third quarter after slashing its stake by more than half in the second quarter when bullion prices plummeted.
Hedge funds Highfields Capital, Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator, and Glenview Capital, already a big owner, added to its holdings.
Hedge funds Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator. Barry Rosenstein's Jana Partners and Farallon, founded by Tom Steyer, each bought 500,000 shares in the Plano, Texas- based company during the quarter, regulatory filings made with the Securities and Exchange Commission on Thursday show.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. Nov 6- U.S. energy logistics firm Gavilon LLC has kicked off the first of several big trading house deals that are set to recast the market landscape in a $890 million sale to propane gas supplier NGL Energy Partners LP.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. Nov 6- U.S. energy trader Gavilon LLC has been bought by propane gas supplier NGL Energy Partners LP for $890 million, marking the first deal in what is expected to be a broad ownership reshuffle of global trading firms.
*Gavilon has oil storage and pipelines in Oklahoma, Texas, Louisiana. *Gavilon owned by Soros Fund Management, Ospraie Management and General Atlantic. Nov 6- Propane gas supplier NGL Energy Partners LP said it would buy Gavilon LLC, a pipeline company partly owned by funds managed by Soros Fund Management, for $890 million to expand its terminal business.
BOSTON/ NEW YORK, Nov 4- After settling criminal charges of insider trading, SAC Capital Advisors hedge fund could operate with as little as one fifth of its roughly 900 employees, but founder Steven A. Cohen's personal fortune is big enough to keep him important on Wall Street.
NEW YORK, Oct 21- A former Jefferies Group Inc managing director must face trial on criminal charges that he defrauded a federal bank bailout program by falsifying the prices of mortgage securities, a Connecticut federal judge ruled on Monday.
George Soros, the 83-year-old billionaire investor, philanthropist and supporter of liberal political causes, married for a third time on Saturday, tying the knot with education consultant Tamiko Bolton.
NEW YORK, Sept 21- George Soros, the 83- year-old billionaire investor, philanthropist and supporter of liberal political causes, married for a third time on Saturday, tying the knot with education consultant Tamiko Bolton.
With billionaire John Paulson snapping up their shares, Radian Group Inc and MGIC Investment Corp are at the forefront of a recovery that is wiping out losses sustained when the housing bubble burst five years ago. "These companies are writing highly profitable new business," said Charles Murphy, partner at hedge fund Paulson& Co..
BOSTON/ NEW YORK, Aug 29- In the battle of investors who've made opposite bets on the shares of Herbalife, both sides- including firms led by billionaires Bill Ackman and George Soros- have consulted a New Jersey college professor and studied his research. In December, Ackman placed a $1 billion short bet against Herbalife, citing the professor's research.
Aug 26- Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday that he sold his entire stake after his campaign to overhaul the retailer failed.