The Justice Department and the FBI are investigating Herbalife, which hedge fund manager Bill Ackman has long alleged is a pyramid scheme, FT reports.» Read More
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.
The battle over Herbalife intensified as George Soros has taken a large long position in the nutritional supplements maker, according to sources.
The acquisition is said to be one of the billionaire's top three holdings, reports CNBC's Scott Wapner.
Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld.
Family offices are becoming major players in financial markets. A string of billionaire hedge funders have transformed their funds into family offices. Could SAC be next?
George Soros has become what looks to be JC Penney's fourth biggest investor, reports CNBC's Kate Kelly, and Daryl Jones, Hedgeye Risk Management.
George Soros disclosed a huge stake in JC Penney, and one big options trader is using the news as a reason to get into the stock.
Shares of beleaguered retailer JC Penney rose more than 7 percent in after-hours trading on Thursday after billionaire financier George Soros disclosed a 7.9-percent stake.
Dissecting the day's major business news, with the "Fast Money" traders; and CNBC's Kate Kelly has the details of George Soros' passive stake in JC Penney.
CNBC's Kate Kelly reports big news on JC Penney. An SEC filing shows George Soros is reporting a 7.9 percent passive stake in the stock.
George Soros has asked to withdraw hundreds of millions of dollars from Bill Ackman's Pershing Square, according to a WSJ report.
Global risks are rising, and that has Pimco investing in higher quality, highly liquid investments like Treasurys, bond investor Bill Gross told CNBC.
Pimco's Bill Gross says Warren Buffett, George Soros and even himself have benefited from favorable market conditions. Dennis Gartman, The Gartman Letter and Joe Greco, Meridian Equity Partners, share their opinions.
"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
Billionaire George Soros says the euro cannot survive, and that Germany is at fault for prolonging the 4-year old crisis, reports CNBC's Michelle Caruso-Cabrera.
"Germany did the minimum that was necessary to preserve the euro... And that is what maintained the crisis conditions," business magnate George Soros said.
CNBC's Andrew Ross Sorkin and Steve Liesman reports the latest detail on an "upbeat speech" from Mario Draghi and comments from George Soros from the World Economic Forum in Davos, Switzerland.