Big name investors take sides on Ackman bet on Valeant: filings
BOSTON (Reuters) – Wall Street’s savviest investors are picking sides on Bill Ackman’s new bet on Valeant Pharmaceuticals International Inc , with BlueMountain Capital and T. Rowe Price adding money, while Viking Global Investors and Jana Partners cut …
Top hedge fund managers boost stakes in Alibaba in first quarter
NEW YORK (Reuters) – Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce giant’s shares were beaten down …
Brent up, U.S. crude down as oil rally comes into question
NEW YORK (Reuters) – Brent rebounded from Friday’s early weakness while U.S. crude held to losses as traders and investors debated whether oil’s rally over the past month and a half should continue amid stubbornly high supplies.
As it woos Syngenta, Monsanto mounts campaign to combat critics
(Reuters) – As seed and chemical maker Monsanto Co. woos Swiss agrochemicals firm Syngenta , Monsanto also is trying to win over consumers in key international markets, rolling out social media and marketing campaigns.
Weak U.S. data point to modest second quarter economic rebound
WASHINGTON (Reuters) – U.S. industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter.
Weak U.S. data point to modest second quarter economic rebound
WASHINGTON (Reuters) – U.S. industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter.
Google versus Oracle case exposes differences within Obama administration
SAN FRANCISCO/WASHINGTON (Reuters) – The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar …
Sysco may face about $1 billion in costs if US Foods merger dies
WASHINGTON/NEW YORK (Reuters) – Sysco Corp will be left with a bill of around $1 billion if the U.S. government kills its $3.5 billion merger with US Foods, regulatory filings show, underscoring the perils of doing deals that have a good chance of bein…
Lululemon yoga pants lawsuit properly dismissed: U.S. appeals court
NEW YORK (Reuters) – A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through was properly dismissed.
Yum China spinoff becoming more probable: J.P. Morgan
(Reuters) – The likelihood is growing that Yum Brands Inc will spin off its China business, J.P. Morgan said in a client note, upgrading the company’s shares to “overweight” from “neutral”.
