CNBC is nominating the top 25 most influential leaders in business. CNBC's Kayla Tausche, Kate Kelly and Mary Thompson share their opinions on Bill Gross, George Soros and other big players.» Read More
*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.
FedEx CEO Fred Smith also told CNBC he's "flattered" that Dan Loeb has taken a major stake in the 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..
The Fed lost its chance for a "freebie" by deciding not to taper, the founder of hedge fund Duquesne Capital said.
Billionaire investor George Soros has been busy stocking up on hedge fund favorites as he joined others in dumping gold exchange traded fund (ETF) holdings in the second quarter.
New scrutiny of Herbalife over quality-control issues doesn't change much, Stephen Weiss of Short Hills Capital says.
As part of the deal, the board "reaffirmed its overwhelming support" for CEO Myron Ullman and Chairman Thomas Engibous, who had been targeted by Ackman.
J.C. Penney and hedge fund Pershing Square's Bill Ackman are in talks to resolve their dispute over the leadership of the U.S. retailer, a source said on Monday.
Soros Fund Management pulled all of its money from Bill Ackman's Pershing Square, and Bill Ackman is also pushing JC Penney to name a new CEO in the next 45 days. CNBC's Seema Mody reports.