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J.C. Penney 'Does Not Deserve to be a Public Company'
Tuesday, April 9, 2013 - 10:10am | 678Read More...When it was announced that Ron Johnson had 'resigned,' shares of J.C. Penney (NYSE: JCP) soared, rallying over ten percent. That is, until his successor was announced. The man named to take the helm and right the ship after Johnson's disastrous tenure was no other than Mike Ullman, the chief...
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Ackman Still Likes JC Penney Long, Herbalife Short
Wednesday, March 13, 2013 - 3:35pm | 349Read More...Despite some volatility, Pershing Square's Bill Ackman remains as convinced as ever about his investments around JC Penney (NYSE: JCP) and Herbalife (NYSE: HLF). Roughly 8.4% of Pershing Square's capital is invested in JC Penney -- over 240 million shares -- while Pershing is short 20 million...
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Congress is Nothing Short of Disgusting
Monday, November 14, 2011 - 3:32pm | 644Read More...There was a report on "60 Minutes" last night on CBS (NYSE: CBS) that was more disturbing than any shady practices on Wall Street ever. Legal insider trading. Insider trading happens on Wall Street, and when it is caught, it is prosecuted to the fullest extent of the law. Just ask Raj Rajaratnam...
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Martha Stewart Living Omnimedia Spikes on Buyout Rumors
Wednesday, May 25, 2011 - 11:17am | 173Read More...Martha Stewart Living Omnimedia (NYSE: MSO) was up more than 30% in morning trading after the company said that it had hired Blackstone Advisory Partners to evaluate possible investment partners and explore "other opportunities." In a statement today Martha Stewart said: "As the founder and...
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The Most Unlikely Pairing: Howard Stern And Martha Stewart
Wednesday, November 3, 2010 - 12:29pm | 112Read More...When people think of Martha Stewart, they picture home-cooked meals, homemade decorations, and numerous things for their gardens or their homes. When people think of Howard Stern, they picture a man that is arguably the most successful shock jock in the world. Few people would think that the two...
