Third Point Wins (Set to the Beat of ’90s Hip-Hop)
The strategy for distressed Europe for Daniel Loeb of Third Point is Tupac Shakur's: "I'm trying to make a dollar out of fifteen cents."
View ArticleWall Street’s Fund-Raising Push for Romney
An invitation for a fund-raiser featuring Paul D. Ryan lists a number of prominent hedge fund and private equity executives, underscoring the support that the Romney campaign is receiving from the...
View ArticleYahoo Shakes Up Its Board and Adds PayPal Co-Founder
Yahoo says two directors will be leaving the board, while Max Levchin, a former senior executive at PayPal, will be joining it.
View ArticleJust Business: 2 Hedge Fund Rivals Clash Over Herbalife
Daniel Loeb, the Third Point chief, and William A. Ackman are locked in a battle over, of all things, a nutritional supplements company that makes protein bars and energy shakes.
View ArticleLoeb Explains His Herbalife Bet
In a letter to investors, Daniel Loeb, the Third Point chief, explains exactly why he's so upbeat about the prospects of Herbalife, a purveyor of nutritional supplements that William A. Ackman has...
View ArticleHerbalife Responds to Accusations From Hedge Fund
Herbalife executives made a presentation to analysts and its investors to respond to accusations by the investor William A. Ackman that their company operates a pyramid scheme.
View ArticleWhat’s at the Center of the Debate Over Herbalife
There are no easy answers here, and that probably means that the hedge fund combatants William Ackman and Daniel Loeb -- and Herbalife -- will be duking it out for some time.
View ArticleHerbalife Shares Fall After Company Defends Itself
The nutritional supplements company sought to knock down William A. Ackman's accusations that it was a fraud, but it appeared that investors were still trying to make up their minds.
View ArticleAt Davos: Dimon’s Cuff Links, Schwarzman’s Tone and Swag
The overall mood at Davos was more sober than in years past, but there was plenty of room for pointed remarks from luminaries and dignitaries in attendance.
View ArticleHerbalife a Playground for Activist Investors
When it comes to Herbalife, whose business is hard to comprehend and which operates in a constantly challenged gray area, it is easy to alter investor perceptions.
View ArticleA Race Against Loeb That Left Ackman Breathless
In an excerpt from his article in the latest Vanity Fair, William D. Cohan recounts what was supposed to have been a friendly long-distance bike ride involving William A. Ackman and Daniel S. Loeb in...
View ArticleIn Herbalife ‘Short War,’ Hedge Funds Miss the Target
The debate over Herbalife has been reduced to the level of a junior high school feud as it becomes about hedge fund billionaires trash-talking each other, and no one appears to be doing any actual...
View ArticleAmerican Investor Targets Sony for a Breakup
The hedge fund manager Daniel S. Loeb, known for starting big fights like the one that led to the ouster of Yahoo’s former chief executive, is pressing Sony to spin off part of its entertainment arm.
View ArticleLoeb’s Bold Bet on Sony
It would be a mistake for Sony to dismiss the hedge fund manager Daniel S. Loeb out of hand: His proposal values Sony's entertainment businesses at more than half the company’s current market...
View ArticleSony Meets Outspoken Activist Investor, but Courtesy Reigns
Daniel S. Loeb, often caustic dealing with others, had a polite meeting in Tokyo with executives of Sony, where he is trying to engineer a major shake-up.
View ArticleUninvited Guest Gives Japan’s Business Culture a Jolt
Japan has traditionally been hostile to Western investors. How the country and Sony react to demands from Daniel S. Loeb could test Japan's commitment to welcoming foreign investment and, more...
View ArticleThird Point Sells Morgan Stanley Stake
Daniel S. Loeb's hedge fund disclosed in a filing on Wednesday that it had sold its 7.8 million shares in Morgan Stanley in the first quarter. It has also exited its long position in Herbalife.
View ArticleSony Pondering Spinoff Proposal From a Big Investor
Sony is considering a proposal from the American hedge fund Third Point to spin off part of its entertainment business but emphasized the discussions were preliminary and that the company had set no...
View ArticleLoeb’s Third Point Raises Stake in Sony and Presses Split-Off Plan
The activist hedge fund manager Daniel S. Loeb has raised his bet on Sony, as he continues his campaign to persuade the embattled Japanese giant into spinning off part of its entertainment arm.
View ArticleSony Rebuffs New Call to Sell Entertainment Unit
Sony's chief executive, Kazuo Hirai, told shareholders on Thursday that movies and music were an indispensable part of the company, rejecting a renewed push by the American activist investor Daniel S....
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