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  • American City Business Journals3 days ago

    Jim Beam workers vote to end strike

    Workers at Jim Beam distilleries in Boston and Clermont, Ky., have voted to end their strike. WDRB.com reports that union workers approved a new contract offer by a 204-19 vote. Workers at the distilleries began a strike on Saturday after rejecting two contract offers from parent company Beam Suntory Inc., based in Deerfield, Ill.

  • Reuters2 years ago

    Ackman's Pershing Square surges in April, beating many rivals

    Activist investor William Ackman's Pershing Square Capital Management roared ahead in April with the help of a proposed acquisition, leaving his flagship fund up roughly 19 percent for the year, three sources said on Thursday. The $13.6 billion hedge fund's Pershing Square Holdings fund gained 7.6 percent last month and is now up 20 percent while his flagship Pershing Square LP fund is up 18.7 percent for the year, net of fees. Many fund managers are still compiling their monthly numbers. Even his $1 billion short bet against Herbalife Ltd, the nutrition company Ackman has called a pyramid scheme, is working out this year as its stock price has fallen 24 percent.

  • Associated Press3 years ago

    Navient, Under Armour joining S&P 500 index

    Athletic clothing and gear maker Under Armour and Navient, which is being spun off from Sallie Mae, will join the S&P 500 index on Wednesday. S&P said Under Armour Inc. and Navient Corp. will replace Beam ...