Corvex, Icahn to mull bid for oil and gas producer Energen

Corvex, Icahn to mull bid for oil and gas producer Energen

BOSTON (Reuters) – Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp (EGN.N), according to a regulatory filing made on Monday. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S., […]

Wall St. rises on trade war truce; industrials lead

Wall St. rises on trade war truce; industrials lead

NEW YORK (Reuters) – U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin’s comments over the weekend that the two countries […]

U.S., China putting trade war on hold, Treasury's Mnuchin says

U.S., China putting trade war on hold, Treasury's Mnuchin says

WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by […]

McKinsey manages to get itself sued for racketeering

McKinsey manages to get itself sued for racketeering

MOBSTERS, gangsters and bent cops have all been tried under America’s Racketeer Influenced and Corrupt Organisations (RICO) Act. Might consultants be next? McKinsey, a management consultancy, is being sued under the law by Jay Alix, the founder of AlixPartners, a competitor in the field of bankruptcy advice. Mr Alix alleges that McKinsey knowingly misled courts […]

Wall Street posts weekly loss as banks, chipmakers weigh

Wall Street posts weekly loss as banks, chipmakers weigh

NEW YORK (Reuters) – The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising U.S. […]

Ackman says Pershing Square Holdings up 0.1 percent this year

Ackman says Pershing Square Holdings up 0.1 percent this year

BOSTON (Reuters) – Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square Holdings Ltd portfolio was barely in the black so far this year. William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital […]

Wall St. gains as small-cap Russell 2000 hits record

Wall St. gains as small-cap Russell 2000 hits record

(Reuters) – Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics. Smaller companies continued this year’s trend of outperforming their larger rivals […]

Lessons to a columnist’s previous self

IN A British television show, “Doctor Who”, the titular character is able to travel anywhere in time and space in his Tardis police box. Given access to that technology, what useful message would this columnist impart to his previous self, nearly 12 years and 550 columns ago? The first lesson would be to avoid confusing […]

Airlines in America fail in their campaign against the Gulf carriers

Airlines in America fail in their campaign against the Gulf carriers

ON MAY 14th, the United States and United Arab Emirates (UAE) announced a deal that should, at least in theory, put an end to their long-simmering dispute over what airlines in America allege are unfair subsidies provided by the Gulf state to its two major airlines. When news of the agreement emerged on three days […]

BlackRock may keep fees despite executive's U.S. campaign donation: SEC

BlackRock may keep fees despite executive's U.S. campaign donation: SEC

NEW YORK (Reuters) – BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich’s U.S. presidential campaign, according to a preliminary ruling late on Friday by a securities regulator. FILE PHOTO: The BlackRock logo is seen outside of its offices in New […]

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