Is J.C. Penney CEO Ron Johnson Losing His Biggest Backer?
Bill Ackman, the hedge fund manager who hand-picked Ron Johnson to lead JC Penney, now says the turnaround has been "close to a disaster."
Pershing Square Capital Management
2 State Pension Funds Want More JC Penney Details from Ackman
Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney, whose stock has dropped 21 percent this year.
Icahn Buys Big Stake in Herbalife, Heats Up Feud With Ackman
A clash between Wall Street titans is flaring again Friday after Carl Icahn grabbed a 13 percent stake in Herbalife, a supplement company that Pershing Square Capital Management's William Ackman shorted heavily and publicly, calling it a massive pyramid scheme.
Activist Investor William Ackman Targets Procter & Gamble's CEO
William Ackman's Pershing Square Capital Management has taken a $2 billion position in Procter & Gamble, and it's almost certain he wants to oust the CEO. This is hardly Ackman's first attempt to buy big into a company and shake things up -- but it is his biggest.
For Investors, Lessons from the Death of Borders
Following Chapter 11 bankruptcy, Borders now plans to liquidate its remaining stores. But there's a bright side to the big box bookseller's death: Its long and tragic tale provides plenty of fodder for investors. Use these lessons to ensure that your future investments have a happier ending.
Borders Investor Offers to Finance B&N Buyout
Hedge fund manger Bill Ackman says he will finance a takeover bid for rival bookseller Barnes & Noble at $16 a share -- a 20.5% premium over Friday's closing price. Faced with increased competition, B&N has seen sales plunge in recent quarters.