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Soros adds 2 million shares to JC Penney portfolio, others exit

George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.


Flixel Photos scores USD 770,000 financing from Canadian Media fund, high-net worth investors

Flixel Photos Inc raised USD 770,000 in its most recent financing round. Software developer Flixel Photos Inc closed its financing round with USD 770,000.

Eike Batista sells LLX Logistica sale to EIG Global Energy Partners, raises money for superport completion

Eike Batista sold his shares in LLX Logistica to EIG Global Energy Partners for USD 562 million. Brazilian businessman Eike Batista ceded control of LLX Logística to EIG Global Energy Partners.

Ex-JP Morgan employees indicted in USD6 billion trading loss

Two traders formerly employed by JP Morgan were charged by federal prosecutors relating to the bank's USD6.2 billion loss in the derivatives trade.


Latest News

Billionaire Carl Icahn's tweet influenced Apple share prices, making the leading tech company's stock valuation rise by as much as USD17 billion.
Billionaire Prem Watsa could be the key to any successful Blackberry deal. As beleaguered smartphone maker Blackberry Ltd begins to contemplate a sale of its holdings, Reuters reported that the success of any deal would rest in the hands of Prem Watsa.
Hedge fund billionaire Carl Icahn told Reuters he thinks Apple must trade at USD700 per share since the current price at USD489.57 each is too cheap for the company.
Marco Argenti, head of developer relations in Nokia, announced that he left Nokia for a job at Amazon's Web Service Business.
Sheryl Sandberg sold around USD91 million worth of shares in the social networking site after Facebook topped its initial public offering price for the first time since May last year.
Evercore Wealth Management announced that Jewelle Bickford will be their new Partner and Wealth Advisor.
Elon Musk recently announced a radical transport system on solar energy that will reduce travel time from San Francisco to Los Angeles to 30 minutes.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
Italy's tax police determined that around $333.8 million of Salvatore Ligresti', his daughters' and the company executives' assets will have to be seized.
HTC Corp was said to have paid USD 10 million to Robert Downey Jr to endorse the brand in a TV commercial.
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