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Bill Ackman just cut back on his biggest bet
Bill Ackman, the founder of $12 billion Pershing Square, has sold a big portion of his Mondelez stake.Pershing Square sold 20 million shares, and now has a 5.6% stake in the maker of Oreos and Sour...
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Bill Ackman is having the worst year in his fund's history (VRX, HHC, HLF,...
Hedge fund billionaire Bill Ackman, founder of $12 billion Pershing Square Capital, is having the worst year in his fund's history.Pershing Square Holdings, his fund's publicly traded vehicle, has...
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Understand the future of payments in one hour
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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The top 10 business schools in America, according to US News & World Report
On Tuesday, US News & World Report releasedits annual ranking of top business schools. Harvard Business School took the highest award as No. 1 in the US.HBS graduates have an average base salary of...
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Here's one theory on which cable networks will die
Analysts from Barclays think a new model for TV is coming, and that âmarginalâ cable networks wonât survive.In a massive media report on Monday, the analysts argue that an increase in supply of content...
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New York's Plaza Hotel to go on sale next month: Bloomberg
(Reuters) - New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday.David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a...
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Citigroup CEO Corbat gets 27 pct pay hike in 2015
(Reuters) - Citigroup Inc raised Chief Executive Michael Corbat's pay by about 27 percent in 2015, a year in which the bank's profit more than doubled.Corbat earned about $16.5 million last year,...
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Asian stocks gain on dovish-sounding Fed, dollar on defensive
By Shinichi SaoshiroTOKYO (Reuters) - Asian shares gained early on Thursday and the dollar was on the defensive after suffering substantial losses following the U.S. Federal Reserve's move to reduce...
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China's ZTE delays annual results after U.S. restrictions
SHANGHAI (Reuters) - China's ZTE Corp <0763.HK><000063.SZ> said on Thursday it will delay the publication of its annual results because it needs to assess the impact of tough U.S. export...
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U.S. oil rises 2 percent, adding to gains after supplier meeting agreed
TOKYO (Reuters) - U.S. oil futures rose more than 2 percent in early Asian trade on Thursday, adding to strong gains the previous session after the world's biggest suppliers firmed up plans to meet to...
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The financial crisis traumatized an entire generation of investors
The financial crisis traumatized an entire generation of investors.Join the conversation about this story ÂğNOW WATCH: The 'Zulu Cobra' helicopter is one of the Marines' most powerful weapons
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A new jewelry tax in India poses a major threat to gold
It's no secret that India loves gold.In fact, Indian demand trails only China for tops worldwide.On Wednesday, India released its trade data for the month of February.The numbers showed the country's...
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ULA shied away from price war with SpaceX, ULA executive says
By Irene KlotzCAPE CANAVERAL, Fla. (Reuters) - United Launch Alliance last year refused to bid on a launch service contract for the U.S. military's next-generation GPS satellite because it was hoping...
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Tesla's big Model 3 reveal may feature a drivable version of the car
Tesla is gearing up for what may be its biggest debut yet â an entry-level, mass-market electric car known as the Model 3.Much has been said about the upcoming $35,000 sedan, and the anticipation is no...
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Chinese hedge fund scramble as regulators clean up 'Wild East'
By Michelle Price and Engen ThamHONG KONG/SHANGHAI (Reuters) - China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that...
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The 10 most important things in the world right now
Good morning! Here's what you need to know on Thursday.1. Chancellor George Osborne pulled out plenty of surprises in his annual budget on Wednesday, against a backdrop of a worsening global economic...
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10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Thursday.The US Federal Reserve's policy-setting committee left its benchmark interest rate unchanged at its two-day meeting.It now expects to...
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The real estate trick billionaires use to sell their penthouses faster and...
Luxury New York City real estate is renowned for its top-of-the-line appliances, breathtaking views, and coveted outdoor space. To help a property stand out in this niche high end market, professional...
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An e-cigarette caught fire on board a Delta flight (DAL)
A Delta Air Lines flight was delayed Wednesday night at Hartsfield Jackson Atlanta International Airport after an e-cigarette belonging to a passenger ignited on board the flight.Fortunately for...
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Here's what Warren Buffett said when Tony Robbins asked him how he got so rich
Everyone has to start somewhere, even the wealthiest, most successful people.Billionaire Warren Buffett hasn't always been as incredibly rich as he is today. In fact, 99% of his wealth was earned after...
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