- ACEFox Business•22 hours ago
Sears Holdings (NASDAQ:SHLD), which booked another loss in the second quarter, has received interest from a variety of companies eyeing the floundering retailer’s familiar appliance, tool and auto brands. The Illinois-based company has grappled with challenges at Sears and Kmart, two chains that struggling to turn things around in a tough environment for retailers. Sears is facing some broader issues.
- HLFCNBC•49 minutes ago
Hedge fund manager Bill Ackman told CNBC on Friday he was approached indirectly by Carl Icahn to purchase the billionaire's stake in Herbalife (HLF) — Ackman's longtime short target. Herbalife (HLF) shares slumped about 6 percent Friday after Ackman made his comments. The Pershing Square Capital Management founder confirmed the gist of a Wall Street Journalreport that Icahn was considering selling his stake in Herbalife to a group including the nutritional supplement firm's arch-nemesis Ackman.
- financeReuters•16 hours ago
Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock funds in a course-reversal during the week ended Aug. 24, data from Lipper showed ...