Convinced that consumers are finally ready to shop online for Picassos in addition to Pez dispensers, Sotheby's and eBay are teaming up again. The NYT reports.» Read More
Virtually every Pershing Square Capital investment appears to have made money this year.
Happy Wednesday. We now return to our regularly scheduled program of spring.
Activist investor Dan Loeb said Sotheby's stock slide is the result of what he called "failed leadership by the board of directors."
Activist investor Daniel Loeb's Third Point has filed suit over auction house Sotheby's poison pill.
The rise and success of activist investors is changing the dynamic in the battle for corporate control, NYT reports.
Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.
Facing pressure from activist investor Dan Loeb, Dow Chemical chief Andrew Liveris told CNBC that Warren Buffett supports his vision for the company.
"Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.
Activist investor Carl Icahn has purchased 30 million to 40 million shares of car rental business Hertz, sources familiar with the situation said.
The company adopted a one-year shareholder rights plan after observing "unusual and substantial activity" in its shares, sources said Tuesday.