Activist hedge fund Starboard Value LP nominated a slate of five candidates to AOL Inc's board, saying discussions with the company in the past two months had not yielded desired results.
On Thursday night, comedian Bill Maher publicly announced his intention to donate $1 million to the super PAC supporting the reelection of President Barack Obama.
Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
This comes as something of a breakthrough since Assad had long provided a sanctuary for Hamas exiles.
Blackstone Group has hired Ed Huang from Morgan Stanley's Asia private equity unit as a managing director for China, two sources familiar with the matter told Reuters, as the private equity giant builds up its teams in Asia.
Gold retreated on Friday, shrugging off gains in the euro and struggling to maintain traction after this week's already hefty price climb, as buyers favored assets seen as higher risk such as stocks and industrial commodities.
U.S. stock index futures pointed to a slightly higher open for equities on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 percent to 0.2 percent.
The top aftermarket NYSE gainers Thursday were: Salesforce.com, 3D Systems Corp, American International Group, Magna International, Pacific Drilling, American Equity Investment, Rackspace Hosting and Suntech Power Holdings.
Citigroup Inc. exited investment in India's Housing Development Finance Corp. for $1.9 billion resulting in a pre-tax gain to it of $1.1 billion and an after-tax gain of approximately $722 million.
Asian shares rose Friday as solid U.S. data improved sentiment, but the upside may be capped by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent gains.
Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.
Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.
Some people think the value of Bank of America (NYSE:BAC) stocks is zero. Others think it is as high as $30.
French wine and spirits maker Moet Hennessy wants to produce a super-premium red wine at the foot of the Himalayan mountains in southern China.
Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, reported fourth-quarter profit of $19.8 billion. Favorable stock market conditions also helped offset large losses stemming from Thailand floods.
Three economic reports lit a fire Thursday under global markets, sending U.S. stocks and many commodities higher. The S&P 500 stock index briefly topped its April 2011 peak of 1,363.61.
French wine and spirits maker Moet Hennessy wants to produce a super-premium red wine at the foot of the Himalayan mountains in southern China, targeting the palates of the country's wealthy wine drinkers, in a move whose results won't be known for years.
Venezuela's economy grew last year, after two straight years of GDP contraction.
The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.
The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices.
Gold rose to a three-month high on Thursday and headed for its biggest one-week rally in a month, spurred on by the strength in the euro following Europe's bailout deal with Greece, ahead of an options expiry later in the day.
Argentina's President Cristina Fernandez de Kirchner expressed her “profound sadness” over Wednesday's train crash in Buenos Aires, which left 49 people dead and more than 600 injured.
