Jana Partners LLC, the $5 billion activist hedge fund run by Barry Rosenstein, said Rockwood Holdings Inc., the specialty chemicals maker seeking to exit businesses, may be worth $80 a share in a takeover.
The skyline of the city of Herat, in the westernmost corner of Afghanistan, is dominated by the Qala Ikhtyaruddin, a 700-year-old stone citadel. On a chilly December afternoon, as the sun begins to dip, the citadel’s grounds are largely unoccupied. The general public isn’t allowed in until renovations to the time-ravaged site are finished. Paid for in part by a $725,000 grant from the U.S. government, the project is scheduled to be completed at the end of 2011.
A crowd of hundreds of thousands of people, including warmly dressed women with American flags stuck in their hair, a smattering of celebrities and many Republicans, gathered yesterday to witness President Barack Obama take his second oath of office on the steps of the U.S. Capitol.
Liz Claiborne Inc. surged the most since 1987 after announcing a plan to sell brands including its namesake to J.C. Penney Co. and rename the company to focus on the Juicy Couture, Kate Spade and Lucky Brand lines.