VENTURE CAPITAL POST

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.