Mergers and Acquisitions
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In this excerpt from a "Squawk Box" interview on October 2, 2012, Pershing Square's Bill Ackman said he had bought some stock and expressed his concerns about the company to its Board.
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J.C. Penney plans to give board seats to the hedge fund Pershing Square Capital Management and Vornado Realty Trust, months after the two investors purchased big stakes in the retailer, people with direct knowledge of the matter told DealBook on Sunday, the New York Times reports.
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Stocks closed mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and AmEx rose, while BofA fell.
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Martin Schwartz reveals why he remains bullsih on Andarko and IBM.
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Check out Marvin's top five holdings.
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Stocks continued to trade mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and Disney rose, while BofA fell.
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Overall the general equity market is "significantly underpriced," legendary value investor Marvin Schwartz, managing director and senior portfolio manager at Neuberger Berman, told CNBC Friday. "The consensus for this year is $96 dollars a share in the S&P 500 and for next year there's a growing consensus of $105, $106 dollars," Schwartz said.
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The war of words between Activision-Blizzard and Electronic Arts has moved to a new plateau. Activision has added the rival publisher to its $400 countersuit against the creators of the “Call of Duty” franchise.
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Stocks turned mixed as losses in technology stocks dragged down the Nasdaq, although the broader market remained higher folllowing two days of losses after a handful of companies reported better-than-expected earnings.
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Stock index futures pointed to a higher open after a handful of companies reported better-than-expected earnings.
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Stocks closed far off the lows of the session, with the broad market ending largely flat, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day.
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Stocks held slight losses before the close, after a breif stint in positive territory, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day. Caterpillar and DuPont fell, while Home Depot rose.
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US stock futures eased losses after an unexpectedly large jobless in weekly jobless claims.
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Richard Gelfond, CEO of IMAX, clears the air on rumors Sony is interested in buying the giant screen exhibitor.
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Jesse Eisinger, an investigative journalist at ProPublica, explains why the investment banking giant would be better off in three parts.
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Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. Bank of America and AmEx fell, while IBM rose.
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Stocks extended losses Wednesday following a handful of weak earnings results in the financial sector and strong reports from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. BofA and AmEx fell, while IBM rose.
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The device will be the first mass market consumer device to offer stereoscopic 3D images without the need for special glasses – something analysts see as critical to the success of 3D in the market.
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Stocks traded mixed Wednesday amid mixed earnings results from Goldman Sachs and Wells Fargo. IBM rose, while AmEx fell.
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U.S. stock futures were pointing to a lower open, after mixed earnings results from Goldman Sachs and Wells Fargo and mixed news on housing, as starts fell, but permits rose.
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Goldman Sachs executives have long been among the most richly paid on Wall Street in the best of times. They are now poised to reap a windfall that was sown in the dark days of the financial crisis in 2008, the New York Times reports.
Private Equity
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Nick Tolchard, head of Invesco Middle East tells CNBC they have seen more money flowing into private equity investment.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.