Bill Ackman

Bill Ackman Trades the Bang for a Whimper

Bill Ackman's decision to spend more time investing raises an important question for anyone continuing to let him manage their money: What was it …

Finance

The Blockchain Is Not the World

Also Tesla, Pershing Square, Uber, glass boxes and Bananacoin.<p><b>Why crypto?</b><p>I am late to this, but Steven Johnson's New York Times Magazine cover story this past weekend, about what is potentially at stake in the rise of Bitcoin and Ethereum and blockchains and cryptocurrencies, is excellent, maybe …

Opinion

Cutting Losses

Pershing Square, a large well-known hedge fund managed by the famous Bill Ackman somehow managed an incredible feat: Losing money in each of the last …

Investing

Here’s what the Netflix haters don’t get about the soaring stock

With the government shutdown over, investors today are homing in on earnings — and maybe how the Davos crowd is solving the world’s problems.<p>On the …

Markets

Groundhog day: Is there a bubble in private equity?

A must-read to start: Inside the secretive, men-only charity dinner held every year at London’s Dorchester Hotel that raises millions for charity — …

Anthony Noto

Ackman’s hedge fund lays off staff, including his driver

Hedge fund mogul Bill Ackman is starting the new year with a shiny new MetroCard — and a banged-up staff.<p>Ackman’s embattled Pershing Square hedge …

Business

3 Hidden Investing Costs You Can't Afford to Ignore

You have to look beyond the obvious.<p>When you invest, every dollar you spend on expenses is one less dollar you'll have to go toward your financial …

Retirement

Bill Ackman reportedly cutting 10 from Pershing Square's workforce

Activist investor Bill Ackman is cutting 10 employees after assets overseen by his hedge fund firm shrank, according to a person with knowledge of …

Markets

Burger King Owner Appoints Tech Czar in Bid to Modernize Chain

Burger King owner Restaurant Brands International Inc. is creating a new C-suite role focused on technology, aiming to keep pace with fast-food …

Business

Change of style for Bill Ackman

Bill Ackman is cutting almost a fifth of his staff and looking to lower his public profile as he seeks to turn around Pershing Square (OTCPK:PSHZF) …

Business

3 Under-the-Radar Stories in the Stock Market This Week

Even the optimistic long-term forecast for U.S. stocks is sobering, Citigroup's $18.3 billion quarterly loss isn't a problem, and Bill Ackman tenders …

Finance

Three Activist Hedge Funds to Watch

In a year where some of the biggest names in activism—Nelson Peltz, David Einhorn, and Bill Ackman to name a few —had less-than-stellar returns, a …

Investing

T. Boone Pickens, a Texas-Size Businessman, Calls It Quits

Late last year, T. Boone Pickens was back at it, drilling for oil.<p>On his 65,000-acre ranch in the Texas Panhandle, an expanse full of wildflowers and rolling hills, Mr. Pickens, 89, had erected a $6 million rig and started pumping fracking fluid into the earth.<p>Decades past his heyday as a self-made …

Business

Why Hunter Harrison’s Railroad Revolution Will Outlive Him at CSX

Hunter Harrison reigned at CSX for only eight months before he died, in late December. His astounding legacy: Implanting a new paradigm for …

Leadership

Mixed signals on Chinese deals in the US

A day after it emerged that <b>Donald Trump</b>’s administration had approved the first Chinese takeover of a US company since he became president a year …

The City

Hormel Foods Has Growth - Cramer's Lightning Round (1/18/18)

Baidu and Alibaba are the only Chinese stocks that Cramer is recommending.<p>Don't buy Acuity Brands, as it has had many missed quarters.<p>Cramer prefers …

Stocks

How To Build Long-Term Wealth

Too often investors are focused on the wrong variables in seeking to build wealth for the long run.<p>It is important that investors follow a …

Investing

The world’s largest investment firm wants corporations to “serve a social purpose”

BlackRock’s Larry Fink is telling CEOs to consider their societal responsibilities — but it’s not entirely clear what he means.<p>The man at the helm of the world’s largest investment company raised eyebrows on Tuesday with a letter to the CEOs of the biggest public companies on the globe: Be good …

Politics

ROB ROSE: Blame Jooste, not Viceroy

An anonymous research house made plenty from Steinhoff’s fall — but it’s just the latest event in a perfectly legitimate history of short selling<p>BL …

It's Hard for an Index-Fund Guy to Push Social Change

BlackRock's chairman has an admirable history of advocating corporate responsibility. Too bad he's not in a position to do more.<p>BlackRock's Laurence Fink is at it again, posting his latest open letter to the nation's chief executives on Tuesday full of ambitious-sounding ideas for improving …

Opinion

Allergan Could Raise $1 Billion From Anti-Infectives Sale - RBC Capital Markets

Allergan plc (AGN) could raise more than $1 billion from the sale of its anti-infectives business and send a "strong message" on profitability to …

Stocks

'Chicken King' sells Goodfella's Pizza to Birds Eye owner Nomad Foods

Food tycoon Ranjit Boparan has offloaded his frozen pizza business Goodfella's Pizza to Nomad Foods, the US investment vehicle that already owns Birds Eye fish fingers and Findus crispy pancakes.<p>Nomad Foods, which is listed in New York, said that it had bought the brand, which is the UK's number …

Ackman reaches $290M settlement with Valeant

Bill Ackman and Valeant Pharmaceuticals can breathe a sigh of relief — for now.<p>A federal judge in California indicated Tuesday that he would grant …

Business

Valeant says judge gives preliminary approval to Allergan settlement

Valeant Pharmaceuticals International Inc. says a U.S. District Court judge gave his preliminary approval Tuesday to a $290-million (U.S.) settlement of lawsuits stemming from the unsuccessful attempted hostile takeover in 2014 of Botox maker Allergan Inc.<p>As part of the deal agreed to in December, …

Markets

BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that …

Business

Worst Year Ever: Bill Ackman Or Eddie Lampert?

Bill Ackman's fund is down for the third straight year while the S&P continues higher.<p>Eddie Lampert's Sears Holdings continues the downward spiral to …

Business

Valeant CEO Is in the Midst of the ‘Turnaround Opportunity of a Lifetime’

Valeant Pharmaceuticals International Inc. became a household name with its historic rise and fall. Reviving the drugmaker is proving a unique …

Markets

3 Reckless Predictions for 2018

No safe bets here: The Fools are looking at some unusual -- but not totally absurd -- M&A possibilities.<p>In this <i>Motley Fool Money</i> podcast, host Chris …

Stocks

Valeant CEO: Drugmaker Knee-Deep in 'Turnaround Effort of a Lifetime'

Valeant Pharmaceuticals International Inc. (VRX) , a company that carries around a tattered reputation, is showing signs of tossing off that image …

Stocks

Activist Peltz to CEOs: We'll work with you

By Svea Herbst-Bayliss<p>NEW YORK (Reuters) - Billionaire investor Nelson Peltz has a message for America's corporate chiefs; when he calls they do not automatically have to fear for their jobs.<p>Peltz's $13 billion Trian Fund Management is widely regarded as one of the world's most influential activist …

Nelson Peltz