July 31, 2018

Greenlight’s bet against Tesla crashes fund’s second-quarter returns

Billionaire hedge fund manager David Einhorn told investors on Tuesday that a sharp rally in Tesla Inc shares, which he bet against, turned into heavy second-quarter […]
July 31, 2018

Third Point seeks allies to put pressure on Campbell Soup: sources

Activist hedge fund Third Point LLC is meeting with some of Campbell Soup Co’s largest shareholders to seek support for changes at the U.S. consumer company, […]
July 31, 2018

U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict

Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson […]
July 31, 2018

Thyssenkrupp investor Elliott says divisions should have more say

Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a […]
July 31, 2018

Apple earnings beat expectations as it sells pricier iPhones

Apple Inc on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced […]
July 31, 2018

Mexico president-elect Lopez Obrador sees NAFTA deal soon

Mexican presidential winner Andres Manuel Lopez Obrador said on Tuesday that he expected there would be an agreement in the renegotiation of the North American Free […]
July 31, 2018

Mexico says dispute resolution, autos and sunset clause key to NAFTA deal

Mexico’s economy minister said on Tuesday that among the top issues to resolve in order to reach an agreement on a new NAFTA trade deal are […]
July 31, 2018

Credit Suisse charged with rigging foreign exchange rates

Credit Suisse has been charged by European Union antitrust regulators with rigging foreign exchange rates, the Swiss bank said on Tuesday, a sign that the five-year […]
July 31, 2018

Einhorn’s Greenlight is trying to end fund losses: letter

Billionaire investor David Einhorn, whose Greenlight Capital is nursing double-digit losses, said on Tuesday he is trying to repair the damage done by a big bet […]
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