Pershing Square News
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Herbalife Ltd. hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG LLP resigned because of alleged insider trading.
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Herbalife Ltd. rose the most in more than four months, signaling that Carl Icahn’s prediction that rival hedge-fund manager Bill Ackman would become the victim of the “mother of all short squeezes” may be coming true.
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Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.
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Hedge-fund manager Bill Ackman is among a group of investors who agreed to pay more than $90 million for a duplex penthouse at Manhattan’s One57 condominium tower, a person with knowledge of the deal said.
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Third Point LLC, the hedge-fund firm run by Daniel Loeb, exited its stake in Herbalife Ltd. in the first quarter, according to a regulatory filing.
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Nine hundred guests dined last night at Pier 57, a former bus depot, festooned with photographs of the High Line hanging from clotheslines.
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Billionaire Daniel Loeb’s bid to break up Sony Corp. will need to overcome a history of failed efforts by activist investors in Japan.
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Third Point, the hedge fund led by billionaire Daniel Loeb, has proposed Sony Corp. sell part of its entertainment business in an initial public offering, according to a letter obtained by Bloomberg News.
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Bill Ackman celebrated his birthday by giving a present.
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Investors are wagering Hudson’s Bay Co. will follow Canadian Tire Corp. in spinning off its property into a real estate investment trust.
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