Consumer
Billionaire Investor William Ackman Exits Large Stake in Nomad Foods
Waging a proxy fight to push for change at another portfolio company, billionaire investor William Ackman, CEO of Pershing Square Capital Management, has decided to exit his large stake in Nomad Foods (NASDAQ:$NOMD) What does ... [Read]
Consumer
Tronc Acquires New York Daily News, Solidifies Top Position in Media Market
Tronc Inc. (NASDAQ:$TRNC), owner of the Chicago Tribune and Los Angeles Times newspapers, has solidified its position in the United States’ top media market by acquiring the New York Daily News from publishing mogul Mort ... [Read]
Computer Hardware
Fitbit Inc. Stock Jumped 17% in August
Despite shares residing in deep negative territory so far in 2017, Fitbit (NYSE:$FIT) shares jumped 17% in the past month. Fitbit’s August bounce was undeniably sparked by an encouraging second-quarter earnings report released early in ... [Read]
Energy
How Much of The Strategic Petroleum Reserve Oil Release Is Actually Ours?
In the wake of Hurricane Harvey, U.S. Energy Secretary Rick Perry authorized an emergency release of oil from the nation’s Strategic Petroleum Research on Thursday, in an effort to mitigate gasoline shortages. But how much ... [Read]
Computer Hardware
Hewlett Packard Raises Concern Over Micro Focus Spin-Off
Hewlett Packard Enterprise (NASDAQ:$HPE) saw a spin-off with Micro Focus International (LON:$MCRO), consequently raising concerns over reported inversion regulations. These regulations were set by the IRS (Internal Revenue Service) back in 2016. According to a ... [Read]