These stocks in the S&P 500 have significantly moved away from their trading ranges and may be due for a drop.» Read More
NEW YORK, May 6- Amy Paternite, a real estate agent in Maplewood, New Jersey, is getting used to hearing from clients in their late twenties and early thirties who say they never thought they would leave New York City for the suburbs. "They still want good restaurants, but now it's also about space, affordability and being able to send their kids to a good public school,"...
NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...
NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...
Keith Meister, Corvex Management founder and CIO, shares his proposal to Yum Brands.
For investors nervous about a market correction, few attractive options present themselves.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $46.92 to $205.21. Daniel Loeb's Third Point hedge fund says it has taken a stake in the parent of KFC, Taco Bell and Pizza Hut and thinks it could soon recover from years of trouble in China.
U.S. stocks closed higher, recovering from the prior day's selloff, as investors eyed higher Treasury yields and looked for signs of economic growth.
CNBC's Kate Kelly reports on signs of strength in Yum Brands' earnings. Shares are on the rise after Dan Loeb and Keith Meister get in the stock.
*Gilead leads as biotechs ends 5- day losing streak. May 1- Wall Street was higher at midday on Friday, with the Nasdaq recording gains for the first time this week, as healthcare and technology stocks rebounded, and as data pointed to a pick-up in economic activity. Gilead led the gains on the Nasdaq and the S&P 500 with a 4.4 percent increase to $104.90.
CNBC reports that both Keith Meister's Corvex and Dan Loeb's Third Point have taken large stakes in Yum Brands.
May 1- Wall Street rose at the open on Friday as healthcare and technology stocks, led by Gilead and Apple, rebounded after two weak sessions, and despite data that came in lower-than-expected. Apple shares rose 1.5 percent to $126.94 and was the biggest driver on the Dow, Nasdaq and S&P 500.. Gilead led the gains with a 3 percent increase to $103.53 after its...
Yum spiking on Dan Loeb,Third Point LLC, announcing he is taking a significant stake in the company. Sara Senatore, Sanford Bernstein senior analyst, discusses.
CNBC's Scott Wapner reports hedge fund manager Dan Loeb has taken a significant stake in Yum Brands and a new position in Devon Energy. Also Loeb is invested in Japan in a big way, reports Wapner.
SHANGHAI, April 30- Beijing authorities have fined U.S.-based J.R. Simplot's China processing unit, which supplies frozen french fries to McDonald's Corp, 3.92 million yuan for water pollution, state media and Simplot said. A local regulator in Fengtai district of Beijing found that Beijing Simplot Food Processing Co Ltd had been discharging contaminated...
Brinker International Inc. fell$. 66 or 1.2 percent, to $56.60. Chipotle Mexican Grill Inc. fell $9.51 or 1.5 percent, to $630.07. Darden Restaurants Inc. fell $1.94 or 2.9 percent, to $64.43.
Brinker International Inc. fell $1.60 or 2.8 percent, to $55.66. Chipotle Mexican Grill Inc. fell $10.44 or 1.6 percent, to $629.14. Darden Restaurants Inc. fell $1.62 or 2.4 percent, to $64.75.
Brinker International Inc. fell $1.13 or 2.0 percent, to $56.13. Chipotle Mexican Grill Inc. fell $3.87 or. 6 percent, to $635.71. Darden Restaurants Inc. fell$. 88 or 1.3 percent, to $65.49.
McDonald's frozen fries supplier, Simplot, was fined $632,370 by the government of Beijing for water pollution.
Brinker International Inc. rose$. 36 or. 6 percent, to $57.26. Chipotle Mexican Grill Inc. fell $4.17 or. 6 percent, to $639.58. Darden Restaurants Inc. rose$. 43 or. 7 percent, to $66.37.
Brinker International Inc. rose$. 18 or. 3 percent, to $57.08. Darden Restaurants Inc. rose$. 21 or. 3 percent, to $66.15. McDonald's Corp. rose$. 21 or. 2 percent, to $96.65.