Ackman’s Pershing Square trimmed ADP stake in second-quarter: filing

BOSTON (Reuters) - William Ackman’s Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the...

Major Tesla shareholders trimmed stakes last quarter: filings

NEW YORK (Reuters) - Two major Tesla Inc (TSLA.O) shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive...

U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled

NEW YORK (Reuters) - Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing...

Einhorn’s Greenlight cuts back many top holdings, slices Apple

BOSTON (Reuters) - Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term...

Major Tesla owner Fidelity trimmed stake last quarter: SEC filing

NEW YORK (Reuters) - Major Tesla Inc (TSLA.O) shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the...

Keeping Tesla shares may not be an option for some big funds

BOSTON (Reuters) - Elon Musk wants to take Tesla Inc private, but some of his big investors may not be able to follow. FILE...

Citigroup shakes up consumer bank and card chief leaves

NEW YORK (Reuters) - Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest...

Citigroup says global card chief Linville leaving in shakeup

NEW YORK (Reuters) - Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company...

U.S. teachers’ union urges pensions to cut investment in private prisons

BOSTON (Reuters) - A labor union representing American teachers on Friday urged pension funds to cut their exposure to investment firms that have funneled...

Third Point took new stake in NXP Seminconductors: filing

BOSTON (Reuters) - Billionaire investor Daniel Loeb’s hedge fund made a string of new investments in the information technology sector, including buying 10.7 million...

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U.S. retail sales, manufacturing data bolster third-quarter economic outlook

U.S. retail sales, manufacturing data bolster third-quarter economic outlook

WASHINGTON (Reuters) - U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy...
Florida school opens for class with new security after massacre

Florida school opens for class with new security after massacre

PARKLAND, Fla. (Reuters) - The Florida high school where a gunman killed 17 people in February opened on Wednesday for a new school year...
At peak of European heatwave, Portugal battles wildfire, power outage

South Africa’s parliament considers tougher anti-smoking bill

JOHANNESBURG (Reuters) - A bill that would toughen anti-smoking legislation in South Africa has been submitted to parliament for review by lawmakers, a...