PPM Blog
Herbalife’s CEO Johnson set to parry Ackman in shareholder showdown
Herbalife CEO Michael Johnson is set to rebuff shorts on the company’s stock at a shareholder meeting Thursday. Read More
Live blog: Here’s the minute-by-minute recap of Herbalife’s analyst presentation
MarketWatch reporter Steve Gelsi live blogs Herbalife’s analyst presentation as executives rebut charges they’re running a pyramid scheme. Here’s the recap. Read More
Before the Bell: Herbalife dispute, Tiffany, U.S. data in focus
Stock-market futures pointed to another day of gains for Wall Street on Thursday, with sentiment lifted by stronger-than-expected Chinese trade data. Weekly jobless claims were a bit more than expected. Two Fed presidents will speak later on Thursday. Outlooks at [...]
Farallon Capital’s top 5 small-cap picks
Following hedge-fund stock picks can be a very successful strategy for individual investors, but taking it a step further and looking at their small-cap picks can pump up the potential returns of this plan. Read More
Ackman quick to resume offensive after Herbalife presentation
Pershing Square Capital Management was quick to criticize a corporate presentation by Herbalife Thursday defending the company’s business model.Pershing chief Bill Ackman (r. in photo) has bet big against Herbalife, taking a huge short position on the stock in December [...]
SEC effectiveness questioned after BATS error
Computer glitches that allowed trades executed at BATS Global Markets Inc. to violate rules are yet another example of technology problems damaging confidence and raising concerns about the effectiveness of U.S. market regulators, observers say. Read More
Market Extra: Herbalife defense fails to convince investors
Shares trade lower after investor meeting to rebut Ackman’s broadside Read More
SAC braces for big client withdrawals: WSJ
FRANKFURT (MarketWatch) — Hedge-fund group SAC Capital Advisors has warned employees and business partners that it is preparing for client withdrawals of at least $1 billion in 2013 amid intense regulatory scrutiny of alleged insider trading, The Wall Street Journal [...]
Zoom or bust for one China construction company?
Negative sentiment on Chinese construction equipment company Zoomlion is building. An anonymous letter to media and regulators this week accused the company of exaggerating sales. Zoomlion responded by asserting its accounts are accurate. On Thursday evening, during a conference call [...]
Rex Nutting: Five people who should pay more taxes
Cutting spending and managing entitlement programs are essential to solving our debt problem, but so is raising more revenue. Here are five groups that should pay more in taxes in the future, writes Rex Nutting. Read More