Bill Ackman Can’t Possibly Be Expected To Remember All The Great Ideas He’s Ever Had (DealBreaker) Bill Ackman wants to clear up a few things. First, the activist investor and CEO of Pershing Square Capital Management LP is not a fan of “hostile” to describe unsolicited takeover offers. In a recent deposition–part of ongoing litigation […]
There are times when the market needs to catch its breath after a strong run to adjust to a changing macro environment—this is one of those times. Last year’s near 30% run in the S&P 500 was sure to be a tough act to follow with the end of QE and the prospect of Fed rate hikes coming closer into view.
Here’s some suggested reading for the commute home: KKR & Co. (KKR) signaled buying opportunities ahead, as choppy markets create conditions that can scare off other investors – Mike Spector, WSJ By acquiring VelocityShares and hiring Bill Gross, Janus Capital (JNS) says it’s laying the groundwork for a bigger future in ETFs — Cinthia Murphy, [...]
If HBO and CBS are of any indication, you should be skipping to the mailbox to pay your cable provider. Here's what needs to happen to make cable companies go away.
Concerns about high global supply continued to weigh on crude oil prices and sent global oil futures falling for yet another week. Brent, the global benchmark, fell 70 cents, or 0.8%, to $86.13 a barrel on ICE Futures Europe. Prices lost 3 cents on the week. In the U.S., West Texas Intermediate for December delivery [...]
IBM had a horrible quarter, and it continues to dump underperforming businesses. Investors tempted by IBM on a valuation basis now need to consider the lack of visibility regarding future earnings.