Although taking different approaches, investors Bill Ackman and Bruce Berkowitz were attempting to salvage securities acquired before the US housing crisis with a combined value of more than USD100 billion, said a Bloomberg report.
bill ackman
Activist investor Bill Ackman's Pershing Square hedge fund announced its intention to acquire almost 10% stakes each in troubled mortgage finance companies Fannie Mae and Freddie Mac.
The world's largest retailer is likely to provide an update on its layaway program's results and on early indications of whether shoppers are taking to its first holiday specials. Wall Street is waiting to see whether Wal-Mart again cuts its fiscal year forecast.
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup.
Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.
J.C. Penney appoints new director to settle publicized clash with Bill Ackman.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
Bill Ackman's Pershing Square Capital Management LP announced that they are set to push the company's operations through a US$2 billion investment.
According to analysts, the Ackman hedge fund and FedEx rumors are false.
Subscribe to VCpost newsletter
Most Popular
- Joe Biden Billionaire Megadonor Faces Being Ousted From Own Tech Company Over 'Concerns’ About His Conduct
- IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes
- AT&T, Verizon, and T-Mobile to Pay $10 Million Settlement Over Misleading Claims About ‘Unlimited’ Plans
- SNAP Benefits 2024: Storm-Affected Residents to Receive Replacement Applications, Extended Deadline
- EU Slaps Microsoft with Warning that it Could Face Billions of Fines Over Missing Generative AI Risk Report
- Alabama Mercedes-Benz Workers Vote 'No' to Unionization, a Tough Loss for the UAW
- Scam Warning: This is the Most Common Time People Were Likely to Get Victimized
- Cocoa Crisis Update: Tony's CEO Blames Long-Term Underpayment of Farmers for Worsening Shortages