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Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors (GM.N) during the second quarter, despite the company’s battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital’s David Einhorn bought 7.9 million shares between April and the end of June, raising his investment to 14.6 million shares. Einhorn had told investors about the stake but details on how much he actually
Top U.S. hedge funds bought new shares of Apple Inc(AAPL.O) during the second quarter or added to their existing positions, ahead of a decline in the value of shares of the iPhone maker. Filings with the U.S. Securities and Exchange Commission released on Friday showed David Tepper’s Appaloosa Management LP held 2.5 million shares of Apple as of June 30, a new position, and that Cliff Asness’ AQR Capital Management
Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street “flash crash” in 2010, was freed on bail on Friday after spending four months in prison. Sarao, who lived in a small, nondescript house near London’s Heathrow Airport, was arrested by British police on a U.S. extradition warrant in April after being charged with wire fraud, commodities fraud and market
It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware’s Court of Chancery, a leading venue for corporate disputes. Dole faces two kinds of legal actions that have been combined because they both allege the buyout price was too low. A small group of hedge funds have brought a so-called appraisal action, which is being tried alongside a shareholder class action lawsuit.
Electric car maker Tesla Motors Inc said it was looking to raise about $642.5 million through a share sale, above the $500 million it announced on Thursday. The company said on Friday it would offer about …
U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. All three major indexes also ended …
Ellen DeGeneres’ Dory’s getting some new friends voiced by some familiar faces! On Friday, new details about Disney-Pixar’s Finding Dory, the sequel to Finding Nemo, a…
When it comes to Evelyn Lozada’s life, it’s safe to describe it as a pretty open book. Whether she’s living it up in Miami on Basketball Wives or raising a growing family in…
Topher Grace is very happy for his That ’70s Show co-stars Mila Kunis and Ashton Kutcher. Like really happy. “It’s the greatest thing that ever happened,” the…
It looks like Kylie Jenner and Tyga have landed back in Los Angeles. The pair were spotted riding around in SoCal today in the birthday girl’s new Ferrari, which was gifted to her by…
