14 August, 2015 by The TZ Newswire Staff Comments Off on Buffett’s Berkshire Hathaway hints at new purchase, ups Charter stake
Buffett’s Berkshire Hathaway hints at new purchase, ups Charter stake
Warren Buffett’s Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp , and signaled it may have another large investment planned after agreeing to …
14 August, 2015 by The TZ Newswire Staff Comments Off on J.C. Penney loss narrows as Sephora stores help attract shoppers
J.C. Penney loss narrows as Sephora stores help attract shoppers
J.C. Penney has been increasing the number of stores run by popular beauty brand Sephora — owned by luxury giant LVMH (LVMH.PA) — within its stores to attract shoppers. “Having Sephora in stores helps J.C. Penney drive sales, but it also encourages shoppers to visit, so it helps to drive customer traffic,” Neil Saunders, chief executive of research firm Conlumino, said.
14 August, 2015 by The TZ Newswire Staff Comments Off on Hedge funds take fresh look at General Motors in second quarter
Hedge funds take fresh look at General Motors in second quarter
Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors (GM.N) during the second quarter, despite the company’s battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital’s David Einhorn bought 7.9 million shares between April and the end of June, raising his investment to 14.6 million shares. Einhorn had told investors about the stake but details on how much he actually bought were only released on Friday in a regulatory filing.
14 August, 2015 by The TZ Newswire Staff Comments Off on America’s oldest CEO puts his Dole buyout to a high-stakes test
America’s oldest CEO puts his Dole buyout to a high-stakes test
It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware’s Court of Chancery, a leading venue for corporate disputes. Dole faces two kinds of legal actions that have been combined because they both allege the buyout price was too low. A small group of hedge funds have brought a so-called appraisal action, which is being tried alongside a shareholder class action lawsuit.
14 August, 2015 by The TZ Newswire Staff Comments Off on Tesla raises share offering to $642.5 million
Tesla raises share offering to $642.5 million
Electric car maker Tesla Motors Inc said it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday. The company said on Friday it would offer about …
14 August, 2015 by The TZ Newswire Staff Comments Off on Prospect Capital: 4 Things to Watch When It Reports Earnings
Prospect Capital: 4 Things to Watch When It Reports Earnings
Here are four critical issues as Prospect Capital nears its fourth-quarter earnings report.