Activist investor Jeffrey Ubben, who runs ValueAct Capital Management LLC, said his firm bought a stake in EBay Inc. and then quickly exited when the disclosure of Carl Icahn’s investment inflated the stock price.
U.S. Senator Rand Paul, a potential 2016 Republican presidential candidate, called for expanded school choice for poor and minority children while visiting President Barack Obama’s Democrat-dominated hometown of Chicago.
Ford Motor Co. Chief Executive Officer Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.
Ford Motor Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, according to two people familiar with the pending announcement.