Bill Ackman Helps Oust Canadian Pacific CEO, Board

  In another case of an activist investor taking on a company and winning, William Ackman is the latest victor. On Thursday, Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) Chief Executive Fred Green threw in the towel and resigned after a long proxy fight with Ackman. This will pave the way for a...

Morning News: WMT, CP, SHLD, BAC, A, HBC and AV in Focus

Every morning we put out a news report with the latest news in global stock markets, company news, and global economic news. Morning Market Update    Market Levels US:  Dow Futures: 12584.00 (0.08%), S&P 500 Futures: 1323.40 (0.08%), NASDAQ Futures: 2557.00 (-0.02%) Europe: CAC: 3032.69 (-0.53%), DAX: 6358.25 (-0.41%), FTSE: 5353.97 (-0.96%). Asia-Pacific: Australia:...

GM Shares Rise After Buffett's Berkshire Moves Into Automotive Firm

Shares for General Motors Company (NYSE:GM) increased by 4.3%, the highest increase so far this month, after it was revealed that Berkshire Hathaway Inc. (NYSE:BRK.B) had a stake in the large US based automaker. A few moments after it had been revealed that Berkshire Hathaway Inc. (NYSE:BRK.B) had a stake in GM, shares for...

Facebook IPO Investors May Be Better Off Waiting

While investors around the world scramble to get a piece of the Facebook IPO, some analysts are suggesting that those interested in acquiring a piece of the social media giant should probably wait until prices normalize, potentially weeks after the transaction. Facebook is expected to raise $16 billion in...

Value Investing Club Bullish Write-up on AIG [UPDATED]

UPDATE: Whitney received the below presentation from VIC. Below is the partial text from the Presentation (we have obtained) of VIC on American International Group, Inc. (NYSE:AIG) Full link to the presentation is shared at the end.  Investment Overview We recommend establishing a long position in the equity of AIG, which is in the...

Greece's Currency, Eurozone Membership in Trouble

Greece's future in the euro continues to look grim after the country has failed to create a new government bank withdrawals are on the rise. On Monday, depositors took out EUR700 million ($898 million) from their local banks. In response to the withdrawals, Greek President Karolos Papoulias told party leaders...

JPMorgan (JPM) Sued By Two Shareholders Over Trading Loss

According to Reuters, two of its shareholders are suing one of the major banks in the country JPMorgan Chase & Co. (NYSE:JPM). The lawsuit that was filed late Tuesday claims that the bank did not fully disclose the risk in its recent trades to its investors. The bad investments have...

Icahn Mystery: Holds No Chesapeake (CHK) At Q1 End

In a filing made with the SEC on Tuesday it was revealed that Carl Icahn is not holding a stake in Chesapeake Energy Corporation (NYSE:CHK) as of the end of the first quarter. The news comes alongside several other changes to the fund manager's portfolio made in the period leading...

Dalio Buys AT&T (T), Verizon (VZ) And Qualcomm (QCOM) In Q1

Ray Dalio's Bridgewater Associates had a busy opening quarter to the year. The investing maven bet big on technologies associated with the mobile computing sector while continuing to add other tech stocks to their portfolio. The firm filed it's 13F report with the SEC yesterday on the 45 day...

Morning Market News: Updates On TGT, ANF, SPLS, CSCO, CHL, AAPL

  Market Levels     US:  Dow Futures: 12641.00 (0.29%), S&P 500 Futures: 1334.00 (0.44%), NASDAQ Futures: 2589.00 (0.42%) Europe: CAC: 3068.17 (0.94%), DAX: 6414.42 (0.21%), FTSE: 5432.74 (-0.09%). Asia-Pacific: Australia: 4165.50 (-2.36%), China: 2346.19 (-1.22%), Hong Kong: 19259.83 (-3.29%), India: 4858.25 (-1.71%), Japan: 8801.17 (-1.12%). Metals: Gold: 1541.00 (-1.03%), Silver: 27.52 (-2.99%), Copper:...

Wednesday Market News: JPM, CHK, JCP, AAPL and BAC in Focus

Every afternoon we provide an update on global market levels, economic news, and hedge fund news. Post Market Update Market Levels   US:  Dow: 12632.00 (-0.50%), S&P 500: 1330.66 (-0.57%), NASDAQ: 2893.76 (-0.30%) Europe: CAC: 3039.27 (-0.62%), DAX: 6401.06 (-0.80%), FTSE: 5437.62 (-0.51%). Asia-Pacific: Australia: 4266.30 (-0.71%), China: 2374.84 (-0.25%), Hong Kong: 19894.31 (0.80%), India:...

Apple and Disney In Talks For Adding WatchESPN To AppleTV

It would seem that The Walt Disney Company (NYSE:DIS) will be in business with Apple Inc. (NASDAQ:AAPL) if ongoing talks go as planned. Walt Disney Co.’s ESPN sport channel is currently having talks with Apple Inc. (NASDAQ:AAPL) on the possibility of adding the WatchESPN app on the giant tech firm’s...

Einhorn, Ackman, Mandel: Best Ideas at Ira Sohn [UPDATED]

  Tomorrow, Wednesday May 16th from 12PM-6PM EST we will be providing live coverage of the Ira Sohn Conference. The goal of the conference is to raise money for  pediatric cancer research. Each speaker at the conference pitches their favorite investment (usually equity) idea. Here is the all-star lineup of some...

CG Reports: A Look at Private Equity Earnings: BX, BLK, APO

The Carlyle Group L.P. (NASDAQ:CG) announced their earnings for the first quarter of 2012 this morning. The asset management firm showed a drop in profits from the same period last year. The company earned $629.2 million in the period. The firm's assets under management have largely increased in the period...

Chesapeake Energy Corporation (CHK) May Get $2B from Asset Sale

  According to Joe Carroll of Bloomberg, Chesapeake Energy Corporation (NYSE:CHK) could be getting an additional $1.8 billion more than estimated after the energy company announced they were going to sell a group of oil fields.  The energy giant says they need to boost their cash reserves in a time...

Counterfeit Money: The History of Fake Currency

The global economy today isn’t in the best shape it’s ever been. With the on-going financial crises taking place both in the US and around the world, people are losing their faith in the financial system as the cost of living keeps rising higher and higher and the value...

Lightsquared's Bankruptcy: VZ, T and Icahn Among Big Winners

  Phil Falcone's attempt to shake up the cellular data market in the United States has all but failed. His company Lightsquared, which has taken a chunk of the value out of Falcone's Harbinger Capital, filed for Chapter 11 bankruptcy protection yesterday in a move many saw coming. The firm...

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