Warren Buffett’s Berkshire Hathaway Inc. cut its stake in General Motors Co. in the first quarter and some hedge funds including Greenlight Capital Inc. exited completely as the carmaker recalled a record number of vehicles.
Ras Baraka declared victory as the elected successor to Cory Booker as mayor of Newark, New Jersey, in a race that pitted homegrown politics against Wall Street support for charter schools and economic development.
On a dreary Monday morning in May, rain pelts the windows of Omega Advisors Inc.’s 31st-floor conference room in New York. Inside, Leon Cooperman and his 14 analysts are trying to come up with ways to make money amid squalling markets. In a single dismal month, half of the hedge fund’s gains for the year have evaporated.
The stock market’s decline this year is healthy and the Standard & Poor’s 500 Index probably will end 2014 higher, Leon Cooperman, chairman of hedge fund Omega Advisors Inc., said on Bloomberg Television.
Leon Cooperman’s Omega Advisors Inc. bought General Motors Co. and EBay Inc. shares while exiting its stake in exchange-traded funds tracking equities in Japan and Canada during the fourth quarter, a regulatory filing showed.