Ackman: Air Products shares could double with right CEO
NEW YORK (Reuters) - Billionaire investor William Ackman said there is room for Air Products and Chemicals Inc's stock price to double in the next few years if the industrial...
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Hedge funds outperform slumping stocks in January, burnish image
BOSTON (Reuters) - Hedge funds outperformed a slumping stock market in January with strategies from activism to volatility plays, helping buff the image of an industry criticized in the last...
‘Loeb effect’ buoys social media site for investors
BOSTON/NEW YORK (Reuters) - In the past, billionaire investor Daniel Loeb would often wait for an industry conference before revealing his investment ideas. Not anymore. The hedge fund manager and...
Loeb’s hedge fund Third Point to lose Rhode Island as client
BOSTON (Reuters) - Billionaire hedge fund investor Daniel Loeb will be losing Rhode Island as a client after the state's pension fund found his Third Point LLC too risky for...
Sotheby’s sets dividend, share buybacks, investors shrug
BOSTON (Reuters) - Sotheby's said on Wednesday it will return $450 million to investors through a special dividend and a share buyback, but the moves got a lukewarm reception from...
Analysis: Pimco’s Gross problem: who can succeed the ‘Bond King’?
BOSTON (Reuters) - When Pimco co-founder Bill Gross' heir apparent abruptly stepped down this week, the news illustrated just how reliant the company is on its star manager, an uncomfortable...
Massachusetts Senator calls for probe into Herbalife, shares drop
BOSTON (Reuters) - Massachusetts Senator Edward Markey is asking for information about the business practices of Herbalife Ltd , his office said on Thursday, making him the most prominent lawmaker...
Harvard museum gets Chinese jade artwork back, 35 years after theft
BOSTON (Reuters) - A Chinese jade incense burner, stolen 35 years ago from a Harvard University art museum, was returned to the Ivy League university by law enforcement officials on...
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
BOSTON (Reuters) - Mohamed El-Erian, heir apparent to Pimco co-founder Bill Gross, will step down as chief executive and co-chief investment officer, raising questions about the future course of Pacific...
Harvard museum gets Chinese jade artwork back, 35 years after theft
BOSTON (Reuters) - A Chinese jade incense burner, stolen 35 years ago from a Harvard University art museum, was returned to the Ivy League university by law enforcement officials on...