William Ackman News
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Canadian stocks fell for a fourth day, the longest streak in two months, after data showed U.S. jobs and factory orders rose less than forecast and investors weighed the U.S. Federal Reserve’s stimulus plans.
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Canadian stocks fell for a third day, to the lowest close in more than two weeks, as consumer staples and gold producers declined and investors considered mixed trade data and prospects for Federal Reserve stimulus.
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William Ackman, the activist investor who staged a boardroom coup at Canadian Pacific Railway Ltd., plans to sell stock for the first time after the price tripled since he took a stake in the carrier in 2011.
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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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Carl Icahn, reviving a decade-old feud with hedge-fund manager William Ackman, said the founder of Pershing Square Capital Management LP is taking “inordinate” risks in a wager against Herbalife Ltd. disclosed last year.
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Carl Icahn, reviving a decade-old feud with hedge-fund manager William Ackman, said the founder of Pershing Square Capital Management LP is taking “inordinate” risks in a wager against Herbalife Ltd. disclosed last year.
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William Ackman’s losses on his investment in J.C. Penney Co. surpassed $650 million as the shares fell following the departure of Chief Executive Officer Ron Johnson.
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J.C. Penney Co. will reverse Ron Johnson’s strategy of reducing discounts and put coupon advertising in newspapers again, said William Ackman, the activist investor who recruited the ousted chief executive.
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Hong Kong’s dollar peg shields the local economy from external shocks and it will be “many years” before a switch to a yuan link can be considered, according to John Greenwood, architect of the city’s exchange-rate system.
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Canadian Pacific Railway Ltd. posted higher first-quarter earnings than analysts estimated as Chief Executive Officer Hunter Harrison makes progress on profitability goals set during last year’s proxy fight.
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