Mani – Page 75 – ValueWalk Premium

Scout Capital Ups Stake In DineEquity To 6.7 Percent

Hedge fund, Scout Capital Management in its recent 13D filing disclosed that it has a 6.62 percent stake or 1,280,321 shares in the restaurant franchise operator DineEquity Inc (NYSE:DIN). This enhancement for Scout Capital represents a hike of 90.14 percent from the 673,353 shares held at the end of the...

WisdomTree’s Mysterious And Opaque ETF Filing

Occasionally a fund filing would stick out for all the wrong reasons. A recent SEC filing from WisdomTree indicating Vident International Equity Fund was quite interesting. WisdomTree Trust filed Form N-1 A with SEC highlighting its intention to launch Vident International Equity Fund that would seek to track the price...

Virgin America Posts Yearly Loss; Eyes Possible IPO

Discount airliner Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year. Although a privately held company, Virgin America is announcing these financial results in advance of the DOT quarterly reports. The airline reported its first-ever...

India’s Junk Bonds Attract Western Investors

Indian IT solutions company Rolta India Limited (NSE:ROLTA)’s wholly owned subsidiary, Rolta LLC, raised $200 million. India Junk Bonds First Yield This deal signifies India’s first ‘junk’ bond this year, with U.S. investors lapping up a large part of the offering by the midsize technology company. Rolta India Limited (NSE:ROLTA) announced that the...

JPMorgan’s James Dimon Could Quit If Roles Are Split

James Dimon,  JPMorgan Chase & Co. (NYSE:JPM) CEO and Chairman, said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday. JPMorgan Chase & Co. Shareholders Will Vote Shareholders of JPMorgan Chase &...

Bloomberg Editor-In-Chief Apologizes For Data Snooping

Bloomberg’s editor-in-chief Matthew Winkler has apologized after several high-profile clients complained about Bloomberg reporters having access to information through Bloomberg terminals. Bloomberg Op-ed Mr. Matthew said Monday that reporters working for the company's news division should never have been allowed to access otherwise restricted client data, reports Bloomberg. In an Op-Ed titled...

Dell Committee Asks Carl Icahn For Additional Information

The Special Committee of the Board of Directors of Dell Inc. (NASDAQ:DELL) sent a letter to Carl Icahn and Southeastern Asset Management Inc., for more information on last week’s takeover proposal, according to Reuters. Letter To Carl Icahn In its today’s letter, the Special Committee requested additional information from the activist...

USPS Posts $1.9 Billion Loss, Warns Of $50B In Obligations

The USPS (U.S. Postal Service) posted a loss of $1.9 billion in its most recent fiscal quarter, bringing the agency’s total loss for the fiscal year to more than $3.2 billion. This recent loss reignites concerns about the agency’s viability as it projects as little as three days of operating...

UniCredit Net Profit Plunges But Beats Forecasts

Italy’s largest bank, UniCredit SPA (BIT:UCG) said its first quarter net profit dropped by half due to lower interest and trading income. Italy’s largest bank by asset reported that net income decreased to 449 million euros from 914 million euros last year, while total revenues were 6.08 billion euros, compared...

Hess To Split Roles Of CEO and Chairman

Hess Corp. (NYSE:HES) today announced that, after consulting with its shareholders, it will separate the role of Chairman and Chief Executive Officer after its Annual Meeting. The oil company that is in a proxy battle with billionaire Paul Singer’s Elliot Management Corp., said it will strip Chief Executive Officer John B....

California Sues JPMorgan Over Illegal Debt Collections

JPMorgan Chase & Co. (NYSE:JPM) was sued by California Attorney General Kamala Harris over claims that JP Morgan pursued lawsuits against defaulted borrowers based on insufficient evidence. The Attorney says that from January 2008 to April 2011, JPMorgan Chase & Co. (NYSE:JPM) filed more than 100,000 lawsuits against consumers in the...

Hugh Hendry Bought 40,000 Nikkei Call Option in 2008

Hugh Hendry, the fund manager at Eclectica asset management, in his first quarter letter highlighted his funds 3.5 percent net return was contributed by equities and FX. The prominent hedge fund manager attributed the funds performance to gains from long positions in consumer sales and Japanese stocks besides gains from...

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