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Follow this list to discover and track the stocks that were sold the most by activist hedge funds in the last quarter.
DSW, CBS, Facebook, WPP and Daimler are the companies to watch.
Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. With today's move, Dell will return to being publicly traded. Sixty-one percent of shareholders voted in favor of the deal. It's unclear how Wall Street will deal with the $50 billion debt load the company is carrying as a result of that $67 billion EMC acquisition from two years ago, but chairman and CEO Michael Dell got the results he wanted.
Markets rebounded from early losses to close in the green on Monday but the market still remains in an overall downtrend and the pattern continues to be discouraging for investors.
Saturday, Dec. 15 is the last day most Americans can sign up for an Obamacare health plan if they want coverage at the first of the year.
You'd think Facebook would be faster at copying itself. Five years after Facebook Messenger took a cue from WhatsApp and Voxer to launch voice messaging, and four months after TechCrunch reported Instagram was testing its own walkie talkie feature, voice messaging is rolling out globally on Instagram Direct today. The feature offers an off-camera asynchronous alternative to the video calling feature Instagram released in June.
The broader market started December 11 on a positive note, with the S&P 500 benchmark trading at a 1.3% rise as of 9:34 AM EST. Auto stocks are leading the stock market rally (QQQ) today. General Motors (GM), Ford Motor Company (F), and Fiat Chrysler Automobiles (FCAU) have risen 3.5%, 3.2%, and 2.5%, respectively.
A PPI headline of +0.1% for November was better than the -0.1% analysts had been expecting, though down from the unrevised +0.6% in October.
Since President Donald Trump began his presidential campaign, he has been targeting auto companies (XLY) for cutting jobs and making US auto workers suffer. On many occasions, he has openly spoken out against large auto companies, including General Motors (GM), Ford Motor Company (F), and Toyota Motors (TM), for selling foreign-made vehicles in the US market.
The world’s largest private technology company on Tuesday secured more than 61 percent of tracking stock DVMT’s unaffiliated shareholders. DVMT acts as a proxy for Dell’s stake in software maker VMware Inc. Round Rock, Texas-based Dell will buy out DVMT in a cash and share-swap deal that values DVMT’s market capitalization at $23.9 billion.
Interpublic's (IPG) digital capabilities, diversified business model and geographic reach offer distinctive competitive advantage.
A court in China has issued an embargo on sales of some iPhone models as Apple (AAPL) has infringed on two patents of QUALCOMM Incorporated (QCOM).
Facebook (FB) is working with Election Commission of India ahead of assembly election and 2019 general election to strengthen transparency and security on its platform.
With less than two weeks for Congress to cut a deal to fund federal agencies, financial firms and their allies on Capitol Hill have begun the annual ritual of trying to attach goodies to must-pass legislation that could benefit banks, asset managers and private equity firms. Financial firms are seeking tweaks to the Dodd-Frank Act including the widely reviled Volcker Rule as well as steps to make it easier for new companies to go public. With partisan fights over whether the broader spending legislation will include high-profile items like President Donald Trump’s requested $5 billion to fund a wall on the U.S.-Mexico border, the financial services industry isn’t optimistic there will be much appetite to include policy changes affecting them.