15 May, 2015 by The TZ Newswire Staff Comments Off on Hedge fund activists buy McDonald’s, but are they lovin’ it?
Hedge fund activists buy McDonald’s, but are they lovin’ it?
Jana, run by Barry Rosenstein and known as a practitioner of activist investing, took a new 125,000 share stake in McDonald’s after having sold a small position in the fourth quarter. Keith Meister’s Corvex Management LP also took a new position in the company, buying 205,000 shares. Larry Robbins’ Glenview Capital Management added a new position in McDonald’s, buying 2.9 million shares during the first quarter.
15 May, 2015 by The TZ Newswire Staff Comments Off on Nomura, RBS must pay $806 million in mortgage bond case: U.S. judge
Nomura, RBS must pay $806 million in mortgage bond case: U.S. judge
A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB). U.S. District Judge Denise Cote in Manhattan entered the judgment after finding the banks liable on Monday following a non-jury bench trial in a lawsuit by the Federal Housing Finance Agency over securities sold ahead of the 2008 financial crisis.
15 May, 2015 by The TZ Newswire Staff Comments Off on Top U.S. hedge funds continued to dump Apple amid rally
Top U.S. hedge funds continued to dump Apple amid rally
Top U.S. hedge fund management firms, including Leon Cooperman’s Omega Advisors and Philippe Laffont’s Coatue Management, continued to reduce or slash stakes altogether in Apple Inc (AAPL.O) during the first quarter, as shares of the iPhone maker rallied. According to regulatory filings released on Friday, Coatue cut its holding of Apple by selling 1.2 million shares during the first three months of this year, but it remains the fund’s single biggest U.S. stock investment, with 7.7 million shares.
15 May, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Lockheed-Boeing venture lays off 12 executives in major reorganization
Exclusive: Lockheed-Boeing venture lays off 12 executives in major reorganization
United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N) and Boeing Co (BA.N), on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA’s ongoing efforts to adapt to what he called “an increasingly competitive business environment” and redesign its leadership team. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S.
15 May, 2015 by The TZ Newswire Staff Comments Off on Birth Tourism: How 1000s Of Pregnant Chinese Women Visit The US To Give Birth (& Get A Passport)
Birth Tourism: How 1000s Of Pregnant Chinese Women Visit The US To Give Birth (& Get A Passport)
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Did you know there exists a highly lucrative business in America that consists of helping pregnant Chinese women get into the U.S. merely to give birth and get their children passports? Yep, neither did I.
15 May, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: FBI will examine report that object struck Amtrak train before derailment: NTSB
The Wall Street Journal: FBI will examine report that object struck Amtrak train before derailment: NTSB
The FBI will examine the windshield and front end of an Amtrak train involved in a deadly derailment this week after the train’s crew reported that it may have been hit by a projectile, the National Transportation Safety Board said.
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15 May, 2015 by The TZ Newswire Staff Comments Off on Are You Ready For The Coming Debt Revolution?
Are You Ready For The Coming Debt Revolution?
Submitted by Bill Bonner via Bonner & Partners,
There is a specter haunting America… and all the developed nations of the world. It is the specter of a debt revolution.
We left off yesterday talking about how the economy of the last 30 years – and especially that of the last six years – has favored the old over the young.