Check out which companies are making headlines after the bell Wednesday:» Read More
Air Products shares rose as much as 6.9 percent, taking gains to almost a quarter since Ackman's Pershing Square starting building up a $2.2 billion holding in June. Ackman argued the company was undervalued and lagged peers after Pershing Square revealed a 9.8 percent stake that made it Air Products' largest shareholder.
Sept 26- Industrial gas producer Air Products& Chemicals Inc, feeling the heat from activist investor Bill Ackman, said Chief Executive John McGlade would retire in 2014.. McGlade was targeting $15 billion in annual sales and a 20 percent operating margin by 2015, but Air Products has lagged rivals Praxair Inc, Linde AG and Air Liquide SA.
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products& Chemicals Inc that the billionaire trader kept secret for two months.
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products& Chemicals Inc that the billionaire trader kept secret for two months. The activist investor's Pershing Square Capital Management owns 9.8 percent of the industrial gas maker, making it the company's biggest shareholder.
BOSTON/ NEW YORK July 31- Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, announcing a $2.2 billion play on Air Products& Chemicals Inc., but shed no light on how the billionaire trader kept the position secret for the past two months.
July 31- Activist investor William Ackman has acquired a 9.8 percent stake in Air Products& Chemicals Inc and would have acquired more but for a poison pill adopted last week by the industrial gas producer, CNBC reported on Wednesday.
Even as the S&P 500 edges toward its all-time closing high, strategists are recommending investors think about stocks to play during a pullback.
A flood of earnings reports, including major technology and industrial companies, could make or break the stock market’s surprise January rally in the week ahead.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
--U.S.-based Apria Healthcare Group reported negative $64 million of discretionary cash flow for the first half of 2012.. --The magnitude of the cash flow deficit raises doubt that the company will reduce its cash flow to our estimate of less than negative $20 million by the end of 2012 and return to positive free operating cash flow in 2013..
Ayala Land buys out Saudi group from hotel project- Philippine Daily Inquirer.
NOTE: Reuters has not verified this story and does not vouch for its accuracy.
Cramer makes the call on viewers' favorite stocks.
Three mutual funds are poised to have a breakout year and move to the top of the standings after dismal performances in 2011, according to S&P Capital IQ research.
In light of the manic market, plenty of companies with consistent, sustainable cash flows and earnings are now on offer at a discount, say portfolio managers.
From Florida's Space Coast to contractors in Connecticut and Georgia. jobs and business will be lost — some, probably forever.
What follows is a roundup of corporate earnings reports for Wednesday, Oct. 27.
Hewlett-Packard shares gained over two percent in today's session, after its board approved an additional $10 billion stock buyback. Here is a look at the 15 largest buyback announcements in the last three months among S&P 500 companies.
A spate of recent deals could be just the boost of confidence they need.
What follows is a roundup of corporate earnings reports for Wednesday, July 28.