Apparel retailer American Apparel Inc sued its ousted chief executive Dov Charney for violating his standstill agreement with the company. The company said on Friday it has filed a suit with the Delaware …
Jana, run by Barry Rosenstein and known as a practitioner of activist investing, took a new 125,000 share stake in McDonald’s after having sold a small position in the fourth quarter. Keith Meister’s Corvex Management LP also took a new position in the company, buying 205,000 shares. Larry Robbins’ Glenview Capital Management added a new position in McDonald’s, buying 2.9 million shares during the first quarter.
A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB). U.S. District Judge Denise Cote in Manhattan entered the judgment after finding the banks liable on Monday following a non-jury bench trial in a lawsuit by the Federal Housing Finance Agency
Top U.S. hedge fund management firms, including Leon Cooperman’s Omega Advisors and Philippe Laffont’s Coatue Management, continued to reduce or slash stakes altogether in Apple Inc (AAPL.O) during the first quarter, as shares of the iPhone maker rallied. According to regulatory filings released on Friday, Coatue cut its holding of Apple by selling 1.2 million shares during the first three months of this year, but it remains the fund’s single
Who said the royals can’t let loose?! Prince Harry showed the world that he, too, can have some fun when he stopped by the Turn Your Life Around (TYLA) youth center in New Zealand…
Carrie Underwood has a gorgeous family. Her husband, Mike Fisher, took to Instagram Friday night to share the sweetest pic of himself just hanging out with their son, Isaiah Michael…
Full House is doing it. Boy Meets World has done it. Heck, even Coach is taking a shot at doing it. But will The Wonder Years also jump in the game for a reunion of some…
It’s official! After being relatively MIA for quite some time, Janet Jackson has announced some huge news! The singer tweeted a video at midnight early Saturday morning (or late…
Add Matthew McConaughey to the growing list of celebrity commencement speakers. The Academy award winner attended the University of Houston graduation tonight to deliver his $135,000…
Ariel Winter’s legal drama is officially over. E! News confirms that the court has granted the 17-year-old Modern Family star full emancipation, and the actress didn’t waste any…