The hedge fund is accused of borrowing money from banks to buy stocks.
Category: Stocks and Bonds
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Norfolk Southern Faces Activist Investor Challenge
A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits.
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European Oil Giants Consider Shifting Their Listings to the U.S.
TotalEnergies and Shell are contemplating the advantages of listing shares in the United States to strengthen what they say are low market valuations.
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Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
The market for shares of hot start-ups like SpaceX and Stripe is projected to reach a record $64 billion this year.
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Berkshire Reports Drop in Profits but Formidable Cash Stockpile
The company’s first-quarter earnings were released before its annual investor meeting in Omaha.
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What Will Warren Buffett Bet on Next?
Berkshire Hathaway shareholders will gather in Omaha for the conglomerate’s annual meeting on Saturday, with questions about the company’s future.
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What Will It Take for the Fed to Lower Interest Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.
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Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger
Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merger.
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Skydance Offers Paramount a Deal Sweetener: A $3 Billion Cash Infusion
The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.
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Paramount Chief Executive Bob Bakish Could Be Out Next Week
He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.
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Paramount Chief Executive Bob Bakish Could Be Out Next Week
He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.
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Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.