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    1. Some of the Biggest Names in the Hedge-Fund Industry May Have Gotten Whacked by Betting on PG&E at Exactly the Wrong Time

      Some of the Biggest Names in the Hedge-Fund Industry May Have Gotten Whacked by Betting on PG&E at Exactly the Wrong Time
      • Pacific Gas and Electric Company, California's biggest utility provider, has seen its value plunge by 80% after last November's deadly California wildfire.
      • The utility on Monday said it intends to file bankruptcy petitions at the end of the month to reorganize under Chapter 11.
      • Eight hedge funds snapped up shares in the third quarter — before the wildfire broke out...
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    2. Sears is Getting Slammed After Report Says it is Set to Announce its Liquidation Plans

      Sears is Getting Slammed After Report Says it is Set to Announce its Liquidation Plans
      • Sears filed for Chapter 11 bankruptcy in October.
      • Chairman Eddie Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund ESL Investments.
      • The iconic American retailer has rejected Lampert's bid and is set to announce its liquidation plans Tuesday morning, CNBC reported.
      • Lampert still has a chance to present details of his offer and make the case for renewing efforts to save the retailer, according to Reuters...
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    3. The SEC is Looking into Changing the Way American Companies Report Earnings — Months After Trump Tweeted About It

      The SEC is Looking into Changing the Way American Companies Report Earnings — Months After Trump Tweeted About It
      • The Securities and Exchange Commission said it's soliciting public comment on how to ease burdens associated with corporate financial reports for publicly listed companies.
      • In August, President Donald Trump suggested shelving the quarterly reporting system.
      • Any potential changes are expected to focus on smaller companies...
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    4. A Wall Street Shop That Called Facebook and Snap's Troubles is Out with its 2019 Predictions

      A Wall Street Shop That Called Facebook and Snap's Troubles is Out with its 2019 Predictions
      • Pivotal Research Group, a small research firm that called troubles for Facebook and Snap early on, just released its media, internet, and communications predictions for the coming year.
      • Among the analysts' forecasts are "material" management changes at Facebook and "another ugly year" for satellite television...
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    5. Dell Votes in Favor of Going Public Again

      Dell Votes in Favor of Going Public Again
      • Dell announced Tuesday that it has agreed to buy back the publicly traded "tracking" shares of VMware, a listed company that is about 80% owned by Dell.
      • The company confirmed the purchase price of $120 per share of the tracking shares for a total of $23.9 billion.
      • After the deal is completed, Dell will go public again without having to go through the usual initial-public-offering process and will trade on the New York Stock Exchange starting on December 28...
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    6. Tesla is Sliding After Slashing Prices on its Model X and Model S in China

      Tesla is Sliding After Slashing Prices on its Model X and Model S in China
      • Tesla announced it was slashing Model X and Model S prices in China to offset some of the impact from President Donald Trump's tariffs.
      • Shares fell 1.8% following the announcement.
      • Watch Tesla trade live.

      Tesla was sliding Friday, down 1.8% to below $332 a share, after the company announced that it was cutting prices on some vehicles in China to help offset some of the impact from President Donald Trump's trade war...

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      Mentions: CFO Tesla Elon Musk
    7. Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express

      Hedge-Fund Billionaire Dan Loeb Reportedly Discloses a Stake in American Express
      • Hedge-fund billionaire Dan Loeb's Third Point Capital disclosed a stake in American Express, according to a report.
      • Loeb believes American Express will trade above $135 over the next 18 months — 25% above where shares were trading on Friday.
      • Years of lagging performance galvanized the American Express franchise and "forced necessary investments," Loeb said...
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    8. BMO Financial Group Appoints Hon. Brian Tobin as Vice-Chair

      BMO Financial Group Appoints Hon. Brian Tobin as Vice-Chair

      Nov. 2, 2018 /CNW/ - BMO Financial Group today announced the appointment of the Honourable Brian Tobin, P.C., O.C. to the expanded role of Vice-Chair, BMO Financial Group effective November 1, 2018 . Formerly Vice-Chair of BMO Capital Markets, Mr. Tobin will now report to Darryl White , Chief Executive Officer, BMO Financial Group...

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    9. United Bankshares, Inc. Appoints Albert H. Small, Jr. to its Board of Directors

      United Bankshares, Inc. Appoints Albert H. Small, Jr. to its Board of Directors

      Small is also the founder of the former Renaissance Housing Corp., one of Washington, D.C.’s most highly recognized luxury home builder and high-rise tower developer. He is a board member of Tulane University, director of Griffin Land & Nurseries, active in Young Presidents’ Organization (YPO) and Urban Land Institute, as well as a recognized philanthropist. Small and his wife, Tina, were recently awarded the Benjamin Ourisman Memorial Award for Civic Achievement...

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    10. 'You are messing with the wrong guy': The CEO of Cleveland-Cliffs Eviscerates Goldman Sachs analyst and short sellers (CLF)

      'You are messing with the wrong guy': The CEO of Cleveland-Cliffs Eviscerates Goldman Sachs analyst and short sellers (CLF)
      • Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers.
      • It's not the first time Goncalves had a contentious moment with an analyst on an earnings call...
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    11. 'Change the Board': Hedge-Fund Billionaire Dan Loeb Lays out his Plan to Turn Around Campbell Soup

      'Change the Board': Hedge-Fund Billionaire Dan Loeb Lays out his Plan to Turn Around Campbell Soup
      • Third Point Management, the hedge fund owned by the billionaire Dan Loeb, on Thursday laid out its plan to turn around Campbell Soup.
      • The soup maker has suffered through years of declining soup sales.
      • Third Point says the company's entire board should be replaced.

      Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors...

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    12. Theratechnologies Appoints New Board Member

      Theratechnologies Appoints New Board Member

      MONTREAL, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (Theratechnologies) (TSX: TH) today announced the appointment of Mr. Gary Littlejohn as a new independent member to its Board of Directors. “Gary brings a diversified background and expertise and he will bring additional strength to the Board at a time when the Company is growing,” said Mrs...

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    13. Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger

      Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger
      • Broadcom and CA shares slid Wednesday after Senator Rand Paul (R-Ky.) called for a federal national security review of their merger.
      • Shares trimmed their losses after Broadcom said there was a "fraudulent memo" circulating around Congress that called for a CIFUS review of their merger.
      • Broadcom announced an $18.9 billion deal to acquire CA in July...
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    14. Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company

      Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company
      • Bill Ackman, the billionaire founder of Pershing Square Capital Management, disclosed a stake in Starbucks on Tuesday, according to multiple reports.
      • Starbucks shares jumped by as much as 5% following the news.
      • In August, Ackman said he had bought shares of an undisclosed company worth $800 million.
      • Watch Starbucks trade in real time here.

      Starbucks shares jumped by as much as 5% Tuesday on news that the hedge-fund billionaire Bill Ackman had bought a stake in the coffee retailer...

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    15. CEO of the Beverage Giant Behind Corona: Cannabis is one of the 'Most Significant' Growth Opportunities of the Next Decade

      CEO of the Beverage Giant Behind Corona: Cannabis is one of the 'Most Significant' Growth Opportunities of the Next Decade

      Constellation Brands' CEO Rob Sands is "extremely bullish" about the burgeoning cannabis industry . He defended the company's $4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday. "We're not playing defense, we're playing offense," Sands said. The beverage giant behind Corona and Modelo is bullish about the future of the legal cannabis industry...

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    16. 'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors

      'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors
      • Last week, Tesla CEO Elon Musk reached a settlement with the Securities and Exchange Commission agreed with the companies board of directors to be more constrained in his use of Twitter.
      • On Friday, however, Musk was back to complaining about investors who bet against Tesla shares, saying they diminish the stock's true returns.
      • "When CEOs criticize short selling, its usually because they're looking to deflect blame for their own failing," one prominent short seller told Business Insider...
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    17. AutoNation Chief Mike Jackson is Stepping Down

      AutoNation Chief Mike Jackson is Stepping Down
      • AutoNation Chief Executive Mike Jackson will step down after nearly two decades at the dealership.
      • He will stay on as executive chairman as the board looks for a successor.
      • Watch AutoNation trade in real time here.

      After leading the US's largest dealership chain for nearly two decades, AutoNation Chief Executive Mike Jackson will step down from the role next year. Jackson will transition from his current role to executive chairman in 2019...

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    18. Netflix Names the CEO of Business Insider's Parent Company to its Board

      Netflix Names the CEO of Business Insider's Parent Company to its Board
      • Netflix appointed Mathias Döpfner to join its board of directors.
      • Döpfner is chairman and CEO of Axel Springer SE, a leading European digital-publishing house based in Berlin, Germany, and Business Insider's parent company.
      • Döpfner helped grow Axel Springer SE's digital revenues, which now account for 80% of the company’s operating income, from €117 million to €2.5 billion.

      Netflix appointed a leader in digital publishing to join its board of directors...

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    19. Amazon Becomes the 2nd US Company to join the $1 Trillion Club

      Amazon Becomes the 2nd US Company to join the $1 Trillion Club
      • Amazon is the second US company to reach a $1 trillion valuation, after Apple hit the milestone earlier this month.
      • The stock gained 2% to hit the magic number of $2,050.27 per share on Tuesday.
      • Follow Amazon's stock price in real time here.

      It’s official: Amazon is the second American company to achieve a valuation of more than $1 trillion...

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    20. The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX

      The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX
      • The US Securities and Exchange Commission is mulling options to let retail investors in on private-company fundraising, the agency's chief told the Wall Street Journal.
      • Main Street investors are largely excluded from private fundraising for companies like SpaceX, Uber, and Airbnb because of regulations...
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      Mentions: Investors SEC Uber
    21. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

      Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
      • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
      • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...
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      Mentions: Investment SEC Tesla
    22. Warren Buffett’s Berkshire Hathaway is Climbing After Announcing a $111 Billion Cash Pile That's Fueling Speculation Over its Next Big Investment

      Warren Buffett’s Berkshire Hathaway is Climbing After Announcing a $111 Billion Cash Pile That's Fueling Speculation Over its Next Big Investment

      Berkshire Hathaway over the weekend reported a jump in quarterly profits and a $111.1 billion cash pile.

      • Shares are up about 4% since the beginning of 2018.
      • Follow Berkshire's stock price in real-time here.

      Shares of Berkshire Hathaway — the conglomerate run by billionaire investor Warren Buffett — were up more than 2% in early trading Monday after the company reported a jump in quarterly profits and a $111.1 billion cash pile over the weekend...

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