Breaking News
third point
Billionaire Dan Loeb's hedge fund Third Point is in a major slump: report
Third Point, which is listed on the London Stock Exchange and has some $11.7 billion under management, saw assets fall about 1.6% so far this year through August -- a...
Bath & Body Works adds new director after hedge fund pushes for changes
The appointment comes weeks after Third Point, which owns a 6% stake in the company, hinted it might push for board seats.
Intel replacing CEO Bob Swan with tech vet Pat Gelsinger
Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger.
The Mooch says he's changing course after being 'punched in the face'
After a brutal start to 2020, hedge fund manager and ex-White House communications director Anthony Scaramucci is turning to the big boys for help. In a letter to investors obtained...
Activist hedge fund Third Point calls for break-up of Britain’s Prudential
Hedge fund Third Point amassed a more than $2 billion stake in Prudential and called on the British insurer on Monday to split into two companies. Third Point’s demands, first...
Third Point buys stake in Ray-Ban maker EssilorLuxottica
Third Point, the US hedge fund that has pushed for changes at companies ranging from Nestle to Campbell Soup, has amassed a stake in Ray-Ban maker EssilorLuxottica, people familiar with...
Sotheby's to go private in deal valuing auction house at $2.66 billion
The gavel has finally dropped on Sotheby’s. After six years of prodding from hard-charging billionaire Dan Loeb, the famed auction house has agreed to be taken private by French media...
Hedge funds manipulating $74B pharma deal: Starboard CEO
An activist investor is probing whether hedge funds are using a controversial stock-trading tactic to tip the vote in favor of pharma giant Bristol-Myers Squibb’s $74 billion deal to buy...
A thinning Campbell's Soup kicks the salsa
Campbell's Soup is slimming down in 2019. The company announced Tuesday it reached an agreement to sell salsa-maker Garden Fresh Gourmet to hummus-maker Fountain of Health USA for undisclosed terms....
The average hedge fund lost 6.7 percent in 2018
Hedge funds are thrilled to see 2018 in their rear-view mirrors. As year-end returns for high-profile activist hedgies like Dan Loeb, David Einhorn and Bill Ackman trickle in, early fears...
Dan Loeb's hedge fund 'fully supports' new Campbell Soup CEO
Campbell Soup has a new chief stirring things up. Mark Clouse, former Pinnacle Foods chief executive, will be taking the helm of the Camden, NJ-based soupmaker, Campbell announced Thursday. Campbell,...
Campbell struggling to find Bolthouse Farms buyer
Getting cash out of Campbell Soup may be tougher than Dan Loeb thought. The Camden, NJ-based food giant is struggling to unload its Bolthouse Farms brand in an auction it...
Campbell Soup stock soars after improved results
Wall Street is suddenly salivating over embattled Campbell Soup. Shares of the Camden, NJ-based soupmaker soared 8.1 percent in early trades Tuesday before retreating slightly — closing up 5.5 percent for...
Dan Loeb drops bid to replace entire Campbell Soup board
Billionaire Dan Loeb is backing off his bid to replace the entire board at Campbell Soup. Instead, the activist investor’s hedge fund Third Point — which also recently retreated from...
Dan Loeb steamed over Campbell's executive pay packages
Activist investor Dan Loeb is hot and bothered over Campbell’s executive pay packages and he wants shareholders to be too. “No one minds paying fairly for a CEO who benefits...
Dan Loeb's bid for control of Campbell's board grinds to a halt
Activist investor Dan Loeb’s bid for control of Campbell’s board hit a snag. A New Jersey judge denied Loeb’s motion for expedited discovery into the soupmaker’s board Friday, paving the...
Dan Loeb sues Campbell Soup in bid to delay annual meeting
Dan Loeb is trying to delay Campbell Soup’s Nov. 29 annual meeting by suing it for running a “campaign of misinformation” to entice investors to reinstate the board. His Third...
Third Point asks Campbell Soup to delay CEO appointment
Billionaire investor Dan Loeb is calling on Campbell Soup to put the brakes on its slow search for a chief executive until after the soup-maker elects a new board next...
Kraft Heinz passed on making takeover offer for Campbell’s Soup
Dan Loeb may not like what he finds in this soup. The billionaire hedge-fund boss — who has been prodding Campbell’s Soup to sell itself — has recently been telling...
Dan Loeb faces hurdles in takeover of Campbell's Soup board
Billionaire Dan Loeb’s bid to overhaul Campbell Soup’s board is heating up as questions about a long-serving board member emerge. Loeb’s Third Point has been expected to face an uphill...