BOSTON - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.
- Asian and European industrial health under scrutiny this week
- Five years from U.S. stock market's low, it's joy versus worry
- A washing machine factory tests Italy's industrial future
- Bank of England's Carney faces grilling over foreign exchange scandal
- EU aims for deal on tackling failing banks next week
Recent Business News
NEW YORK - Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals - it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.
- Warren Buffett's Berkshire Hathaway Inc trades at a lower premium and has more earnings power than Carl Icahn's Icahn Enterprises Inc , and investors wishing to invest alongside either billionaire may want to side with the so-called Oracle of Omaha, Barron's said in its March 10 edition.
- The gradual recovery of European economies could boost demand for upscale cars and trucks, which may help the share price of Mercedes-Benz parent Daimler AG extend its recent big gains, Barron's said in its March 10 edition.
SHANGHAI - A wildcat strike at an IBM factory in southern China illustrates how tectonic shifts under way in the country's labor market are emboldening workers to take matters into their own hands, raising risks for multinationals.
The FT's Michael Mackenzie reports that the amount of money borrowed on margin to buy stocks on the NYSE hit a new, nominal high of $451 billion. That's up 20% over last year, Mackenzie reports.
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves
- Is the US labor market doing better than we think?
- US sees moderate manufacturing growth in January