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Icahn No Longer Reports Stakes In El Paso, Motorola Solutions

Tue, 15 May 2012 19:17:02 -0400

(4-traders.com) By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Billionaire investor Carl Icahn reported in a regulatory filing late Tuesday that he no longer had a stake in energy company El Paso Corp. (>> El Paso Corp), which is close to completing a sale of itself for $21...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/Icahn-No-Longer-Reports-Stakes-In-El-Paso-Motorola-Solutions--14330667/

Paulson Shows Stakes In Caesars, Viacom, Prestige Brands

Tue, 15 May 2012 19:06:03 -0400

(4-traders.com) By Liz Moyer Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Hedge fund manager John Paulson's firm reported stakes in Caesars Entertainment (>> Caesars Entertainment Corp), Viacom (VIA, VIAB) and Prestige Brands Holdings (>> Prestige Brands Holdings, Inc.) in the...
http://www.4-traders.com/business-leaders/John-Paulson-145/news/Paulson-Shows-Stakes-In-Caesars-Viacom-Prestige-Brands--14330664/

Soros Reports No Stake In Google; Adds JP Morgan, Goldman

Tue, 15 May 2012 18:54:03 -0400

(4-traders.com) By Brett Philbin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Billionaire investor George Soros's Soros Fund Management LLC reported no stake in Internet giant Google Inc. (>> Google Inc), while reporting new positions in big banks J.P. Morgan Chase & Co....
http://www.4-traders.com/business-leaders/George-Soros-56/news/Soros-Reports-No-Stake-In-Google-Adds-JP-Morgan-Goldman--14330655/

Berkshire adds GM, Viacom positions in first quarter

Tue, 15 May 2012 17:35:05 -0400

(4-traders.com) Berkshire also boosted its position in Wal-Mart Stores by 20 percent in the first quarter, just before news broke of a bribery scandal involving the company's Mexican unit. The ice-cream-to-insurance conglomerate is the retailer's fifth-largest...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/Berkshire-adds-GM-Viacom-positions-in-first-quarter--14330582/

Groupon makes first profit, shares surge

Mon, 14 May 2012 19:25:13 -0400

(4-traders.com) The fledgling company started by music graduate Andrew Mason, which had lost half its value this year on concern about waning demand for its daily deals and persistent accounting problems, on Monday surpassed Wall Street's expectations for earnings and...
http://www.4-traders.com/business-leaders/Andrew-Mason-266/news/Groupon-makes-first-profit-shares-surge--14327927/

CARL ICAHN: Chesapeake's savior or a trader?

Mon, 14 May 2012 18:16:05 -0400

(4-traders.com) Shares of Chesapeake rose sharply on Monday in part on media reports that Icahn, the well-known corporate raider, may be about to take a big stake in the company that is under fire for arranging a series of lucrative perks for its founder and chief...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/CARL-ICAHN-Chesapeake-s-savior-or-a-trader--14328087/

Yahoo investors applaud change, fear limbo

Mon, 14 May 2012 15:48:57 -0400

(4-traders.com) Yahoo's Ross Levinsohn got his chance on Monday to revive the struggling Web pioneer, as he stepped into a job that has been held by four others in the past five years. Analysts expect the former News Corp executive to bring a track record...
http://www.4-traders.com/business-leaders/Scott-Thompson-274/news/Yahoo-investors-applaud-change-fear-limbo--14327008/

Facebook's Zuckerberg says mobile first priority

Fri, 11 May 2012 18:41:49 -0400

(4-traders.com) About 200 investors showed up at an IPO presentation in Palo Alto, California, where they were given the opportunity to quiz Zuckerberg and his lieutenants. Wall Street had been concerned about the company's ability to wring revenue from mobile users,...
http://www.4-traders.com/business-leaders/Mark-Zuckerberg-171/news/Facebook-s-Zuckerberg-says-mobile-first-priority--14325651/

ALL THINGS DIGITAL: Crunch Time For Scott Thompson At Yahoo

Fri, 11 May 2012 15:35:04 -0400

(4-traders.com) (This story has been posted on All Things Digital, a website owned by Dow Jones.) By Kara Swisher Of ALL THINGS DIGITAL While he has been chief executive of Yahoo Inc. (YHOO) for less than five months, in the next several days Scott Thompson is facing perhaps the most critical...
http://www.4-traders.com/business-leaders/Scott-Thompson-274/news/ALL-THINGS-DIGITAL-Crunch-Time-For-Scott-Thompson-At-Yahoo--14325557/

Coty Raises Avon Offer To $10.7 Billion, Buffett's Berkshire Joins Bid

Thu, 10 May 2012 09:07:03 -0400

(4-traders.com) --Coty sweetens offer for Avon to try to bring struggling beauty company to table --Fragrance maker reveals Warren Buffett's Berkshire Hathaway joins bidding group --Avon said it would consider new bid in due course (Updates with details about the bid, including addition of...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/Coty-Raises-Avon-Offer-To-%2410-7-Billion-Buffett-s-Berkshire-Joins-Bid--14322379/

ArcelorMittal Hit By Lower Pricing; Reaffirms Earnings Guidance

Thu, 10 May 2012 02:08:03 -0400

(4-traders.com) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Steel titan ArcelorMittal (MT) Thursday reported lower first-quarter earnings due in part to lower prices in some of its key markets, but it reaffirmed its earnings guidance for the first half of the year, citing improved...
http://www.4-traders.com/business-leaders/Lakshmi-Mittal-34/news/ArcelorMittal-Hit-By-Lower-Pricing-Reaffirms-Earnings-Guidance--14321206/

Peltz Unlikely To Bring Quick Improvements To Ingersoll-Rand - Analysts

Wed, 09 May 2012 19:33:04 -0400

(4-traders.com) --Nelson Peltz's Trian Fund takes 7.1% stake in Ingersoll-Rand --Fund wants company executives to consider restructuring options --Ingersoll's stock price up 46% this year By Bob Tita Of DOW JONES NEWSWIRES Activist investor Nelson Peltz will likely have difficulty...
http://www.4-traders.com/business-leaders/Nelson-Peltz-81/news/Peltz-Unlikely-To-Bring-Quick-Improvements-To-Ingersoll-Rand-Analysts--14320870/

Yahoo Committee To Review Thompson's Academic Record

Tue, 08 May 2012 15:10:02 -0400

(4-traders.com) DOW JONES NEWSWIRES Yahoo Inc.'s (YHOO) board has formed a special committee to review Chief Executive Scott Thompson's academic credentials, which were recently found to be misstated in a regulatory filing and on Yahoo's website, as well as the circumstances that led to the review and...
http://www.4-traders.com/business-leaders/Scott-Thompson-274/news/Yahoo-Committee-To-Review-Thompson-s-Academic-Record--14317817/

KPN says America Movil's $4.2 billion move is pitched too cheap

Tue, 08 May 2012 11:12:30 -0400

(4-traders.com) AMSTERDAM (Reuters) - Dutch telecom group KPN NV (>> KPN KON) hit back at a surprise stakebuilding attempt by Mexico's America Movil (>> America Movil SAB de CV), saying it was substantially undervalued by the 3.2 billion euros ($4.2...
http://www.4-traders.com/business-leaders/Carlos-Slim-15/news/KPN-says-America-Movil-s-%244-2-billion-move-is-pitched-too-cheap--14311883/

Wynn Resorts 1Q Net Slips 19% On Softer Take In Vegas

Mon, 07 May 2012 18:48:03 -0400

(4-traders.com) --CEO Steve Wynn to move on Cotai project "lickety-split" --Premium room rates contribute to Vegas occupancy slip --Shares drop 1.7% after hours (Updates with comments from earnings call.) By A.D. Pruitt and Drew FitzGerald Of DOW JONES NEWSWIRES NEW YORK -(Dow...
http://www.4-traders.com/business-leaders/Steve-Wynn-179/news/Wynn-Resorts-1Q-Net-Slips-19-On-Softer-Take-In-Vegas--14316071/

Warren Buffett says buying stocks amid market dip

Mon, 07 May 2012 18:38:40 -0400

(4-traders.com) Buffett, Berkshire's controlling shareholder, also forecast record results this year for Berkshire's largest non-insurance businesses, among the railroad BNSF and utility MidAmerican. Berkshire class B shares led the insurance sector to...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/Warren-Buffett-says-buying-stocks-amid-market-dip--14315049/

Madoff trustee now seeks $255 million from family

Mon, 07 May 2012 13:14:54 -0400

(4-traders.com) Irving Picard, the trustee seeking money for Madoff's victims, said family members who worked at Bernard L. Madoff Investment Securities LLC were "completely derelict" in ensuring that the investment firm's operations were legal. The...
http://www.4-traders.com/business-leaders/Bernard-Madoff-176/news/Madoff-trustee-now-seeks-%24255-million-from-family--14315385/

Icahn Gets Majority Support In CVR Tender Offer; To Replace 7 On Board

Mon, 07 May 2012 12:35:02 -0400

(4-traders.com) --Icahn wins majority stake at $30 a share --Reselling the refineries may be a tough prospect --CVR shares up 60% from beginning of year (Updates with details, analyst comments in fifth and seventh paragraphs.) By Ben Lefebvre and Mia Lamar Of DOW JONES NEWSWIRES ...
http://www.4-traders.com/business-leaders/Carl-Icahn-20/news/Icahn-Gets-Majority-Support-In-CVR-Tender-Offer-To-Replace-7-On-Board--14315579/

Ecolab Agrees To Allow 2 Entities Tied To Bill Gates To Build Stake

Mon, 07 May 2012 09:49:03 -0400

(4-traders.com) DOW JONES NEWSWIRES Ecolab Inc. (>> Ecolab Inc.) struck an agreement with two entities tied to Microsoft Corp. (MSFT) co-founder Bill Gates allowing them to build their stake in the cleaning-products maker. Under the agreement, Cascade Investment LLC and the Bill and Melinda...
http://www.4-traders.com/business-leaders/Bill-Gates-24/news/Ecolab-Agrees-To-Allow-2-Entities-Tied-To-Bill-Gates-To-Build-Stake--14315294/

Buffett's opinion on Walmart not changed by scandal

Mon, 07 May 2012 07:15:03 -0400

(4-traders.com) (Reuters) - Billionaire investor Warren Buffett said a recent bribery scandal at Wal-Mart Stores Inc (>> Wal-Mart Stores, Inc.) has not changed his investment opinion about the stock. In an interview on CNBC on Monday, Buffett characterized Wal-Mart's...
http://www.4-traders.com/business-leaders/Warren-Buffett-6/news/Buffett-s-opinion-on-Walmart-not-changed-by-scandal--14314866/