Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Tag: Acquisitions/Mergers/Shareholdings
Ryan Cohen’s RC Ventures Sells Entire Stake in Bed Bath & Beyond
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Ryan Cohen Signals Intent to Sell Bed Bath & Beyond Stake
Text size Activist investor Ryan Cohen, pictured here, signaled in a regulatory filing his intent to sell a stake in Bed Bath & Beyond. C.M. Guerrero/Miami Herald/TNS/Alamy Live News Bed Bath &...
Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy
Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...
Endo International Files for Bankruptcy to Weather Opioid Lawsuits
Endo International PLC became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis. The drugmaker, domiciled in ...
Alibaba, JD.com, and Bilibili Fall on Report Tencent to Sell Meituan Stake
Text size Tencent holds a 17% stake in food delivery company Meituan. GREG BAKER/AFP via Getty Images Alibaba, JD.com and some of China’s biggest companies saw billions wiped off their value Tuesday...
The World’s Largest Hedge Fund Sold 5 Chinese Stocks. Here’s Why.
Text size Bridgewater Associates no longer owned stock in Alibaba Group Holding as of June 30, according to a regulatory filing. Alibaba’s headquarters in Hangzhou, China, is pictured above. STR...
Unity Stock Tumbles After Board Rejects AppLovin’s $17.5 Billion Buyout Bid
Text size Unity Software doesn’t think AppLovin’s offer was in the best interests of its shareholders. David Paul Morris/Bloomberg Videogaming company Unity Software on Monday rejected Ap...
Unity Board Opposes AppLovin’s $17.5 Billion Buyout Offer
Updated Aug. 15, 2022 10:48 am ET Listen to article (2 minutes) Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholder...
Berkshire 13F: Buffett Likely Bought Apple, Chevron, and Occidental Stock
Text size CEO Warren Buffett and his investment lieutenants didn’t buy as much stock in the second quarter as they did in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
Meme-Stock Investors Are Back! Sort of, Anyway
Individual investors have waded back into the stock market after laying low through the worst of this year’s selloff. But don’t call it a comeback yet. So-called retail investors in the last two week...
Sinema took Wall Street money while killing tax on investors
Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equit...
The SoftBank Experiment Has Failed. Time to Go Private?
Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi ...
Why an analyst says sell these four big software stocks
Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked th...
Chicken Soup Completes Redbox Acquisition, Ending a Weird Meme-Stock Tale
Text size A Redbox video rental kiosk. Justin Sullivan/Getty Images Chicken Soup for the Soul Entertainment has finished its purchase of Redbox , winding up one of this year’s strangest meme-stock ep...
Redbox Stock Plunges After Shareholders OK Chicken Soup for the Soul Acquisition
Text size Redbox shares were down 40% in recent trading. Patrick T. Fallon/Bloomberg Redbox shareholders on Tuesday approved the company’s acquisition by Chicken Soup for the Soul Entertainment . The ...
Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.
Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.26% ...