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Carl Icahn Just Bought More Shares Of Apple (AAPL)
Wednesday, September 11, 2013 - 5:18pm | 554Read More...During an interview with CNBC, Carl Icahn (NASDAQ: IEP) told the network that he purchased more shares of Apple (NASDAQ: AAPL) Wednesday when it was trading in the $465 to $466 range. The stock closed down five percent at $467.71 and is currently up less than one percent in after hours trading....
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JC Penney Files for Resale 39.08M Shares by Ackman's Pershing; Street Was Largely Ahead of This Move
Monday, August 26, 2013 - 5:25pm | 267Read More...Shares of JC Penney (NYSE: JCP) have fallen about three percent in Monday's post-market session following a Reuters rumor and the following SEC filing which confirmed a company prospectus for 39.08 million shares for resale by Bill Ackman's Pershing Square. The news should not be surprising to...
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Bill Ackman Says There Is A New Whistleblower, Makes Controversial Statements
Wednesday, August 21, 2013 - 10:56am | 425Read More...“While it is difficult to predict the impact of the public disclosure of product quality issues on Herbalife (NYSE: HLF), pyramid schemes are inherently confidence games,” wrote Bill Ackman in a letter to Pershing Square investors. One of Ackman’s biggest announcements came at the end of his...
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J.C. Penney Bulls: You Won't Like This
Tuesday, August 20, 2013 - 6:29pm | 604Read More...The miserable second-quarter release put out by struggling retailer J.C. Penney (NYSE: JCP) this morning wasn't exactly a surprise, but the sheer size of the miss has bears licking their chops. J.C. Penney reported a loss of $2.16 per share, missing earnings estimates by over 103, while also...
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JC Penney's Chair Engibous Issues Statement, Says Board 'Focused on Stabilizing, Rejuvenating Business,' Calls Ackman Comments 'Misleading, Inaccurate, Counterproductive'
Friday, August 9, 2013 - 1:29pm | 106Read More...Thomas Engibous, Chairman of the Board of Directors of J. C. Penney Company, Inc. (NYSE: JCP), today issued the following statement: "The Board is focused on the important work of stabilizing and rejuvenating the business. It is following proper governance procedures, and members of the Board...
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Ackman Issues Letter Related to JC Penney Management
Friday, August 9, 2013 - 10:09am | 2568Read More...To My Fellow Directors: I think JC Penney is at a very critical stage in its history and its very existence is at risk. During a period like this one, it is absolutely critical that we work together to solve our problems. It is essential that our board function extremely effectively or we will...
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UPDATE: Air Products Responds to Ackman Comments, Says Co. Has Not Been Contacted by Pershing Square
Wednesday, July 31, 2013 - 9:31am | 424Read More...Air Products (NYSE: APD) today issued the following statement in response to Pershing Square Capital Management's confirmation of its investment in the Company: Air Products maintains an active dialogue with and carefully considers the views of its shareholders. The Company has not been...
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Bill Ackman Takes $2.2 Billion Stake In Air Products (APD)
Wednesday, July 31, 2013 - 7:46am | 506Read More...Wednesday morning, CNBC broke the news that activist investor Bill Ackman has taken a 9.8 percent stake in Air Products & Chemicals (NYSE: APD). The stock is up four percent in pre-market trading. Ackman’s Pershing Square Capital, best known for its recent battle with billionaire Carl Icahn...
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Herbalife Jumps on Q2 Results; Lifts Outlook (HLF)
Monday, July 29, 2013 - 5:46pm | 519Read More...Herbalife (NYSE: HLF) released its fiscal second-quarter earnings results after the closing bell on Monday. The company easily topped Wall Street earnings per share and revenue expectations. The company also provided guidance for the upcoming third-quarter and lifted its full-year outlook. In...
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Bill Ackman Needs Herbalife to Report Disappointing Earnings Monday (HLF)
Monday, July 29, 2013 - 9:21am | 488Read More...Herbalife (NYSE: HLF) will report earnings on Monday and it’s safe to say that few will be watching more closely than Bill Ackman. The company is expected to report EPS of $1.18—a year over year increase of 7.3 percent and $1.16 billion in revenue—up 12.4 percent from one year ago. Although the...
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Bullish Herbalife Analyst Makes the Case Ackman's Pershing is Covering Massive Short Position
Thursday, June 13, 2013 - 1:27pm | 201Read More...DA Davidson's Timothy Ramey is moving shares of Herbalife (NYSE: HLF) Thursday afternoon. The analyst issued a mid-day note speculating on the possibility Bill Ackman's Pershing Square is now covering its short in Herbalife. "Herbalife's short interest, which peaked at 37.2 million shares on...
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Ackman's Pershing Square Issues Trading Plan for Canadian Pacific Shares; To Sell up to 7M Shares
Monday, June 3, 2013 - 4:21pm | 326Read More...Pershing Square Capital Management, L.P. announced today that it plans to sell up to seven million common shares of Canadian Pacific Railway Limited (NYSE: CP). Pershing Square plans to limit these sales to unsolicited brokers' transactions on the NYSE and the TSX in amounts that will not exceed...
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Summary of 13F from Ackman's Pershing Square
Thursday, May 16, 2013 - 7:14am | 167Read More...Ackman's Pershing Square Capital Management releases 13F: Value raises from $9.15 billion to $10.07 billion. (All units are in millions of shares.) Raised: • Burger King (NYSE: BKW) from 38.361 to 38.372 (10,760 shares) Lowered: • Matson (NYSE: MATX) from 3.64 to 3.03 • P&G CALLS (NYSE:...
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P&G Shares Rally as Ackman Highlights Co. as 'One of the World's Great Companies' at Ira Sohn
Wednesday, May 8, 2013 - 1:55pm | 89Read More...Shares of Procter & Gamble (NYSE: PG) moved into positive territory Wednesday afternoon as Pershing Square's Bill Ackman discussed the company at the Ira Sohn Conference in New York City. Ackman called P&G "one of the world's great companies" and also pointed out the company has a "culture...
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Herbalife Down After National Consumers League Asks for FTC Investigation
Wednesday, March 13, 2013 - 10:42am | 243Read More...Shares of Herbalife (NYSE: HLF) tumbled on Wednesday after the National Consumers League sent a letter to the Federal Trade Commission. The NCL asked the regulator to open an investigation into Herbalife. In its letter, NCL specifically names Pershing Square and cites the hedge fund's “eighteen-...
