Pershing Square

If you're not a stock market junkie or compulsive CNBC viewer, chances are you haven't been following the ongoing feud between hedge fund managers Bill Ackman and Carl Icahn. Since Jim Cramer deemed their January 25 spat the "greatest moment in the history of financial television," the Ackman,...

Carl Icahn filed a quarterly 13-F after the closing bell on Thursday showing his firm's long equity positions. While his 13-F was largely unchanged versus last quarter, an SEC filing showed that the investor had accumulated a 12.98 percent stake in embattled multi-level marketer Herbalife (NYSE:...

As promised, Bill Ackman's Pershing Square released a 40 page document on Thursday laying out dozens of questions aimed at Herbalife's (NYSE: HLF) management. Readers can view the questions here. Some of the questions are particularly technical in nature and relate to old legal battles the...

Well it was only a matter of time -- Apple's (NASDAQ: AAPL) excessive cash position has attracted some shareholder activism. Early on Thursday, David Einhorn, founder of Greenlight Capital, called for shareholder action. Specifically, Einhorn wants Apple's shareholders to pressure the company into...

Shares of Herbalife (NYSE: HLF) staged a mid-session comeback Monday after the Federal Trade Commission (FTC) corrected a statement that erroneously suggested that Herbalife was the subject of a law-enforcement probe. Shares of Herbalife opened Monday's session down over 10 percent, trading...

The Federal Trade Commission (FTC) announced that it had seized the assets of Fortune Hi-Tech Marketing on Monday. The FTC called the company a “classic pyramid scheme.” FHTM describes itself as “direct selling company.” On its website, it states that its mission is to “transform the lives of many...

Pershing Square's Bill Ackman has not had a good run lately. Not only is he locked in a battle with fellow hedge fund giants over Herbalife (NYSE: HLF), he is also watching his 16.5 percent state in J.C. Penney (NYSE: JCP) take it on the chin. Over the past five trading days, JCP is down more...

Following Bill Ackman's extremely publicized short presentation of Herbalife (NYSE: HLF) on December 20, the company convened analysts and industry experts Thursday morning to present its rebuttal to Ackman's claims. Ackman has a massive short position -- about 20 percent of the current float on...

We've speculated that buying shares of Herbalife (NYSE: HLF) ahead of an analyst meeting in New York (scheduled for January 10) could prove prudent. The stock, which has become an intense battleground pitting short-sellers against the company, opened Thursday slightly higher at $32.46....

Shares of Herbalife (NYSE: HLF) plunged on Wednesday after it was reported that hedge fund manager Bill Ackman had bet against the company's stock. Following that report, on Thursday, Ackman appeared at a special Ira Sohn investment event and laid out his thesis as to why he had sold short shares...

Shares of J.C. Penney (NYSE: JCP) plunged in early trading on Friday, falling as much as 10 percent in the premarket. The struggling retailer released an earnings report in the morning that disappointed investors. For the third quarter, J.C. Penney reported a loss of $0.93 per share, compared to...

Pershing Square Capital Management's Bill Ackman spoke at the New York Value Investing Congress yesterday. In addition to outlining his positive view on some of his hedge fund's holdings, including General Growth Properties (NYSE: GGP), J.C. Penney (NYSE: JCP), and Proctor & Gamble (NYSE: PG),...