Discovery Capital Management LLC, the $15 billion macroeconomic hedge-fund firm run by Robert Citrone, slumped in April to bring its losses this year to 12 percent, according to an e-mail the firm sent to investors.
Starboard Value LP Chief Executive Officer Jeff Smith said his activist fund continues to fight Darden Restaurants Inc.’s plan to separate its Red Lobster chain instead of pursuing real-estate divestments.
A Chinese online activist said Tencent Holdings Ltd. shut down his WeChat instant messaging account after he set up a chat group called “Shorting China” to share information on protecting human rights in the country.
Edward Snowden, the former U.S. security contractor living under asylum in Russia, made a surprise appearance on Russian television to ask President Vladimir Putin if the nation spies on its citizens like the U.S.
Russian stocks trading in New York sank for a fourth day as concern mounted that President Vladimir Putin faces stiffer international sanctions after his special forces were spotted in eastern Ukraine.