INVESTMENT

Bill Ackman Strikes Again With General Growth Properties Bid

William Ackman, Hedge fund manager and the founder of Pershing Square Capital
Bill Ackman, the mercurial hedge fund manager of Pershing Square Capital LLP and activist investor, is at it again. Ackman said in a regulatory filing Thursday that his company had been in talks with Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall owner, regarding a takeover of General Group Properties Inc. (NYSE: GGP), its next largest rival.

Best Buy's Buyout Bid Hits A New Snag

According to CNN Money, Best Buy has been having difficulty with founder Richard Schulze regarding his attempts at buying out the company’s remaining shares.
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New research shows that runaway growth in the financial sector is detrimental to the real economy, as highly skilled workers gravitate toward finance and industries dependent on outside investment suffer. (Reuters)

Entitlement Vs. Empowerment

Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.
Apple iPhone 5 Already On Sale? Complete Set Of Components Sells For $199 In China [PICTURES]

Apple iPhone 5 Release Date Approaches: 5 Reasons You Should Wait To Sell Your Current Phone

We're less than a month away from the alleged unveiling date for the iPhone 5, and Apple fans can't wait to get their hands on the company's latest model, which promises a new exterior design and hundreds of new features inside. While selling an old smartphone or iPhone before the next one releases has a few benefits, by and large, most users should wait to sell their old iPhones to buy an iPhone 5. We explain five reasons to wait it out.
Bank staff begin 2-day

Bank Staff Begin 2-Day Strike Against Reforms

Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector.
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Shell Plans At Least $1 Billion Investment In Chinese Shale Gas Per Year

Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.
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Chinese City Aims For $236B In New Investments

The northeastern Chinese city of Tianjin announced a four-year plan to invest 1.5 trillion yuan ($236 billion) to stimulate industrial growth, Bloomberg News reported Tuesday. The Communist Party's Tianjin Daily also reported that investments have been announced for 10 industries, including petrochemicals and aerospace.
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Romney Tax Returns Delayed By Extension: Adviser

The reason that Mitt Romney will release his 2011 tax return only two months from now is because he's waiting for the Internal Revenue Service to finish processing it, a top adviser said on Sunday.

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