Paulson holds onto bullish bets in gold ETF in third-quarter, others cut
NEW YORK (Reuters) – Hedge fund Paulson & Co maintained its stake in SPDR Gold Trust, the world’s biggest gold-backed exchange-traded fund, in the third quarter after slashing its stake by more than half in the second quarter when bullion prices plummeted.
Icahn owned 3.9 million shares of Apple as of September 30: filing
NEW YORK (Reuters) – Activist investor Carl Icahn disclosed Thursday that he owned about 3.88 million shares of technology giant Apple Inc. at the end of September, a regulatory filing showed.
Hedge funds tune into Pandora, discard Apple in third-quarter
NEW YORK (Reuters) – Hedge funds took a liking to online music company Pandora Media Inc in the third quarter but soured on Apple Inc , according to regulatory filings published Thursday.
Sotheby’s, BofA, J.C. Penney attract hedge fund buyers
NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby’s , a high-end auction house that caters to millionaires, to J.C. Penney Co , the struggling depar…
Buffett’s Berkshire buys sizable new Exxon Mobil stake
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world’s largest publicly traded oil company.
Comcast to sell digital movies through cable boxes, website
LOS ANGELES (Reuters) – Comcast Corp plans to start selling movies for download and streaming through the cable operator’s set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.
Insight: Boeing vote brings out rivals for lucrative jetliner work
(Reuters) – State economic officials have jumped at the chance to grab a piece of Boeing’s newest jetliner program after a union vote stalled efforts to build the aircraft in Washington state.
Big hedge funds shopped at J.C. Penney in third quarter
BOSTON (Reuters) – Retailer J.C. Penney drew three prominent new institutional shoppers during the third quarter, while a fourth investor significantly increased its stake, even as an ambitious overhaul fizzled and its stock price dropped.
Buffett’s Berkshire buys sizable new Exxon Mobil stake
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp , after buying 40.1 million shares in the world’s largest publicly traded oil company.
Last witness testifies against $8.5 billion BofA deal
NEW YORK (Reuters) – An expert witness testified on Thursday that Bank of America Corp’s proposed $8.5 billion settlement with mortgage bond investors is “not reasonable” and rife with conflicts of interest, as opponents made a final push to derail the…
