Hedge fund Pershing Square Capital Management and its CEO, William Ackman, made a lot of waves (and headlines) with Ackman’s takedown of Herbalife Inc. (NYSE: HLF). Calling the weight loss ... Read Full Story »
The writing has been on the wall for a couple of weeks, ever since Third Point, the hedge fund managed by Daniel Loeb, announced that it had put together a ... Read Full Story »
Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today ... Read Full Story »
Yahoo! (NASDAQ: YHOO) announced that embattled CEO Scott Thompson, who was caught lying about his resume just two weeks ago, has resigned. Ross Levinsohn was named interim chief executive officer. ... Read Full Story »
As promised, Daniel Loeb and his firm, Third Point LLC, have today sent a letter to Yahoo! Inc. (NASDAQ: YHOO) demanding that the Internet firm open its books and records ... Read Full Story »