Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times...Investingread more
Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.World Economyread more
The stake was just a small trading position, the sources said. Appaloosa's 13-F filing released this week showed a new position in Apple of 100,000 shares worth just $22.3 million. The filings reflect positions of funds through Sept. 30.
Shares of Apple inched lower following news of Appaloosa's exit but remained up more than 1.4 percent on Thursday.
The 13-F filing with the Securities and Exchange Commission also showed that Appaloosa added a new stake in State Street and had doubled its position in PG&E. The fund manager also cut its exposure to Facebook to 3.3 million shares by the end of September.
Appaloosa Management has approximately $14 billion of assets under management.
Hedge funds are required to report their holdings 45 days after the end of each quarter. The filings often do not reflect their current holdings of the funds because the managers may have sold or bought stock in that 45-day window.