Bill Ackman

3 Stocks Billionaires Own

Following in the investing wake of hedge fund legends could be a worthwhile endeavor.<p>Drafting is a technique in which you ride in the wake of another …

Stocks

Irene Rosenfeld, CEO who changed the snacks aisle, leaves Mondelez

in New York<p>In the final act of a 36-year-career in the business of snacking, Irene Rosenfeld stuck to her script.<p>Going through the motions of her …

Before the Bell: Five things every Canadian investor needs to know

Equity Markets<p>U.S. markets were set for a lower open on Friday as investors turned their attention to the last batch of data and corporate earnings for the week. On Bay Street, the Toronto Stock Exchange was heading for a positive open as energy prices rose.<p>World stocks continued to claw back …

Markets

Evening Update newsletter: Quebec’s cannabis plan, Trump the negotiator, Tim Hortons

<b>Good evening,</b><p><b>WHAT YOU NEED TO KNOW</b><p><b>Phone-tapping, fear and threats: Why an ex-Venezuelan judge is seeking refuge in Canada</b><p>Former Venezuelan judge Ralenis Tovar said she was forced under threat to sign arrest warrants for President Nicolas Maduro's political opponents. In an exclusive interview with …

Tim Hortons

Valeant - 2018 To 2025 Forecast

By 2025, Valeant should be able to clear most debts.<p>By 2022, Valeant should be meeting CFO Herendeen's target of 5x leverage.<p>Valeant is aggressively …

Markets

Wal-Mart earnings; Alberta, Quebec to present cannabis legislation

Noah Zivitz<p>Managing Editor, BNN<p>Follow|Archive<p>We’re getting a look this morning at how Wal-Mart, the world’s former undisputed retail leader, is …

Business (Canada)

Top-performing hedge funds are buying these stocks

Hedge fund managers David Einhorn and Bill Ackman get much of the media attention, but some lower-profile managers are performing better.<p>CNBC used …

Investing

Tracking Bill Ackman's Pershing Square Portfolio - Q3 2017 Update

Ackman’s US long portfolio value decreased ~15% from $6.01B to $5.11B this quarter.<p>Pershing Square dropped Nomad Foods while increasing Automatic …

Stocks

Dwight Capital is moving to building with Hudson River view

Dwight Capital is moving and expanding to 20,000 square feet at 787 Eleventh Ave. between West 54th and 55th streets.<p>The lender will have a portion …

ADP: Is Ackman’s Loss a Win?

Pershing Square's Bill Ackman lost his proxy battle with Automatic Data Processing (ADP) but some good still may have come from the fight.<p>That's how …

Chipotle Mexican Grill

Chanticleer misses by $0.63, misses on revenue

Chanticleer (NASDAQ:BURG): Q3 EPS of -$0.63 misses by $0.63.<p>Revenue of $10.7M (-2.6% Y/Y) misses by $0.14M.<p>Press Release<p>Now read: <b>Why Chipotle Will Be</b> …

Business

Six More Warren Buffett Buys, Including Southwest Airlines

<i>A dozen</i> <i>MoneyShow.com</i> <i>contributors are recommending stocks that also happen to be holdings of Warren Buffett’s holding company, Berkshire Hathaway. Six were featured in our column last week. Six more are profiled below:</i><p><b>Nicholas Vardy,</b> <b>VIP Alliance</b><p>Our latest recommendation for aggressive investors is</b> …

Stocks

Why Chipotle Will Be Bill Ackman's Next Failure

Chipotle does not fit the typical activist playbook.<p>Ackman has improved governance but little else at Chipotle.<p>There isn't much else he can do to …

Business

Life After Herbalife

"It ain't over till it's over" and it still is not over.<p>Legally gray areas are great for political contributions.<p>Persistent failures of law …

Business

Ackman: I'll Be Back Next Year If ADP Doesn't Perform

Embattled billionaire activist Bill Ackman vowed to launch another director battle next year at Automatic Data Processing Inc. (ADP) if the payroll …

Banking

Herbalife: Not The Easy Short Bears Thought It Would Be

Controversial business model aside, Herbalife’s management has proven clever. Stock prices remain at elevated levels that most short sellers last …

Business

The future of the Murdoch Empire

Rupert Murdoch has spent his career building a global media empire. But is the octogenarian billionaire on the verge of dismantling it?<p>Maybe. As one …

Rupert Murdoch

10 things you need to know before the opening bell

Here is what you need to know.<p><b>Trump goes to China.</b> President Donald Trump kicked off his three-day visit to China by touring the Forbidden City, CNN says.<p><b>A Senate tax bill is in the works.</b> The bill, which is expected to be announced Thursday, will be revenue neutral and not cause a large projected …

Business

Proxy Fights and Mystery Trusts

Also estate taxes, quants, Snap and ether wallets.<p><b>ADP.</b><p>Yesterday Bill Ackman won his proxy contest at Automatic Data Processing Inc., though he won somewhat less comprehensively than he would have liked, insofar as none of his nominees were actually elected to the board. Still a win though, …

Wilbur Ross

Ackman Fought Uphill Battle Against ADP Says Ellis

November 8th, 2017, 2:11 PM UTC<p>ADP shareholders rejected activist investor Bill Ackman's three board member candidates. Lisa Ellis, Bernstein Senior …

Business

Is Wilbur Ross Really a Billionaire?: DealBook Briefing

<i>Good morning. We’re getting ready for tomorrow’s DealBook conference, and among those joining us onstage will be the C.E.O.s Dara Khosrowshahi of Uber, Randall Stephenson of AT&T and Jack Dorsey of Twitter and of Square. Last call: We’re making a handful of seats available to subscribers: Apply</i> …

Business

Gubb’s famous ‘up yours’ Gupta art goes global, gets shout-out in Bloomberg

<i>JOHANNESBURG — Veteran South African stock market trader James Gubb has practically become a celebrity overnight thanks to his inventive ‘up yours’</i> …

Prince Alwaleed bin Talal

ADP: A Sore Winner?

Shareholders sided with <b>Automatic Data Processing</b> (ticker: ADP) on Tuesday when they re-elected all 10 people on the company's board at its annual …

You Can't Have All the Answers — CEO Daily, Wednesday, 8th November

Good morning.<p>At Dreamforce yesterday, I moderated a panel of five CEOs on the challenges of leading in an age of accelerating technological …

Marissa Mayer

The world in brief, November 8th 2017 | Espresso

<b>Delhi</b> choked on staggering levels of <b>smog</b>. Masks were distributed, schools closed and school hours in the surrounding state of Haryana restricted …

Economics

Royals Rumblings - News for November 8, 2017

Jeff Sullivan at FanGraphs has learned something bad about the Royals, but it’s really several bad things. These of course are longstanding things …

Finance

Fly Charts: Goldman's Trading Slump and OPEC's Crystal Ball - Bloomberg Gadfly

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Bill Ackman's failed ADP campaign to Toyota's home …

Business

Ackman Vows to Return to ADP; Valeant Rises After Asset Sale -- ICYMI

A rare losing day for stocks on Tuesday as the broader markets fell, ending a hefty run-up over the last few days.<p>It was also a losing day for Bill …

Investing

Ackman Fails in His Bid to Win Board Seats at ADP

Bill Ackman failed in his bid for board seats at Automatic Data Processing Inc., the latest blow for the billionaire investor looking for a comeback …

Business

Activist Bill Ackman Says ADP's CEO Is Using 'Scare Tactics'

The battle is on.<p>Activist investor Bill Ackman takes issue with comments made by ADP ( ADP) CEO Carlos Rodriguez, who suggested recently that …

Tech Industry