Pershing Square Investors May Redeem Shares Over Herbalife Feuding

Pershing Square Capital Management CEO Bill Ackman is facing the wrath of his hedge fund investors. Investors are “getting very antsy about this public feuding” surrounding Ackman’s Herbalife Ltd. (NYSE:HLF) short and “may redeem their shares", according to a new report from FOX Business Network (FBN) Senior Correspondent Charlie [...]


Sprint Nextel Corporation (S) And Softbank Merger Under DOJ Review

Sprint Nextel Corporation (NYSE:S) will have their prospective merger with Softbank Corp (PINK:SFTBF) delayed, according to news released today. The U.S. Department of Justice has requested that the Federal communications Commission delay the merger so that it has more time to review it. The merger was announced last October, and both companies said, [...]


Earnings Preview: Murphy Oil, Las Vegas Sands, Fiat, ConocoPhilips

Tomorrow sees earnings reports from companies across the economic spectrum. Here's what to expect from Murphy Oil Corporation (NYSE:MUR), Las Vegas Sands Corp. (NYSE:LVS), The Southern Company (NYSE:SO), Fiat SpA (BIT:F), and ConocoPhilips (NYSE:COP). Murphy Oil Corporation (NYSE:MUR): Analysts are looking to see earnings of $1.38 per share when Murphy [...]


Wednesday Earnings Preview: Boeing, Facebook, Qualcomm, EA, Citrix

Some large tech companies would be reporting their earnings for the last three months of 2012 tomorrow. From gaming; Electronic Arts Inc. (NASDAQ:EA), processing; QUALCOMM, Inc. (NASDAQ:QCOM), social networking; Facebook Inc (NASDAQ:FB), services; Citrix Systems, Inc. (NASDAQ:CTXS), and, tenuous Aircraft manufacturer, The Boeing Company (NYSE:BA). Here's what to expect. The [...]


JPMorgan Expands As Other Investment Banks Cut Back

JPMorgan Chase & Co. (NYSE:JPM) is not pulling back in the wake of economic uncertainty, according to a new report from Goldman Sachs Group, Inc. (NYSE:GS). While several other investment banks are currently trying to reduce their exposure, JPMorgan is continuing to expand its portfolio, which should be a [...]


Activism Succeeds in Canada: A New Era?

On Feb. 27, 2013, the University of Western Ontario's Richard Ivey School of Business will host, "The CPR Activist Campaign and the Implications for the Canadian Establishment" event. The seminar is being offered by the school's investment club and it will feature the Canadian author and journalist Peter C. Newman and [...]


Yahoo! Inc. (YHOO) Up 4% After Close On $0.32 EPS

Yahoo! Inc. (NASDAQ:YHOO) reported earnings of 32 cents per share after the market closed on Monday. The firm's revenues for the last three months of 2012 came in at $1.21 billion. The earnings are seen as a barometer of the performance of the company's new CEO Marissa Mayer. The [...]


Using Your Credit Card Could Cost You

Consumers may want to be careful when using either their Visa Inc (NYSE:V) or Mastercard Inc (NYSE:MA) cards. Beginning on Sunday, stores in most states got the green light to begin charging a "checkout fee" when a payment is made via a credit card. There are 10 states excluded from this [...]


Earnings Preview: Ford, Amazon, JetBlue, EMC, Harley-Davidson

Between vehicle manufacturers Ford Motor Company (NYSE:F), and Harley-Davidson, Inc. (NYSE:HOG), JetBlue Airways Corporation (NASDAQ:JBLU), technology company EMC Corporation (NYSE:EMC), and retail giant, Inc. (NASDAQ:AMZN) Tuesday is a big day for earnings data. Here's what to expect from those reports. Ford Motor Company (NYSE:F): Earnings from the auto maker [...]


Earnings Preview: Pfizer, Eli Lily, Allstate, US Steel, Nathan’s

Tuesday will see earnings reports come in from across the economic spectrum. Firms from the pharmaceutical industry will be highlighted on the day with Pfizer Inc. (NYSE:PFE) and Eli Lilly & Co. (NYSE:LLY) reporting early. Other reporters include The Allstate Corporation (NYSE:ALL), Nathan's Famous, Inc. (NASDAQ:NATH), and United States [...]


Canada’s Growing Inequality Problem

Canada’s top 1 percent earners currently account for 10.6 percent of the country’s total income, as per the latest study by Statistics Canada. The study narrowed in on the upper 25.5 million tax filers in the country, whose portion of aggregate income has trended upward in a steady fashion [...]


CNBC Out In The Cold In Leaked NBC Memo

An internal memo from NBCUniversal, celebrating the second anniversary of the company in its current incarnation, has been leaked. The leaked memo, celebrating the successes the group achieved in 2012 is interesting in one regard. It fails to make any mention of the company's finance and investing property CNBC. The memo, [...]


Morgan Stanley On What Actually Happens In Davos

The annual World Economic Summit, fondly known as Davos, has come to an end. Stories again arose from it and in a new Morgan Stanley (NYSE:MS) research report by Huw Van Steenis, "What I Learned at Davos." he gives his take on this year's meeting. Here are some highlights from [...]


Barnes & Noble To Close 20 Stores Annually Over 10 Years

After facing a tough holiday season, Barnes & Noble, Inc. (NYSE:BKS) will close approximately 20 stores annually over the next decade. This comes on the heels of last week's news that the bookseller saw a 10.9 percent sales decrease over the previous year's holiday season. Book sales at stores, open a minimum [...]


Hess To Sell Oil Terminals; Elliott Associates Targets Stake

Hess Corp. (NYSE:HES) plans to sell its oil storage terminal network and exit its refining business as Paul Singer's activist hedge fund Elliott Associates notifies that it will buy a more than $800 million stake and nominate directors to the company's board. Hess Corp. (NYSE:HES) says it hired Goldman Sachs Group, Inc. [...]


Credit Suisse Could Owe $2 Billion On Cold Case Fraud

Credit Suisse Group AG (NYSE:CS) might owe as much as $2 billion relating to a fraud case against the defunct National Century Financial Enterprises. That firm collapsed in 2002 after investors discovered they had hidden huge cash flow shortfalls. The collapse caused investors more than $2.6 billion, and caused [...]


Caterpillar Earnings Hurt By Write-Off

Caterpillar Inc. (NYSE:CAT) profits were down in the fourth quarter of 2012. The company announced earnings of $1.04 per share for the final three months of last year, on revenues of $16.08 billion. Caterpillar, like Alcoa, is used by analysts as a measure of the world industrial climate, because international [...]

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