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.
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Possible BlackBerry buyout rests in Watsa: Reuters
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.
Billionaire Carl Icahn believes Apple shares must trade at USD700 each
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.
Nokia's head of developer relation quits for a job at Amazon
Marco Argenti, head of developer relations in Nokia, announced that he left Nokia for a job at Amazon's Web Service Business.
Facebook's Sandberg cashes out USD91 million in shares after surge
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.
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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.
In an editorial on the Daily Telegraph, Prime Minister David Cameron gave his backing for hydraulic fracturing.
The latest winner of the Powerball jackpot face great financial issues in the future. One of the largest prizes for a Powerball lottery was won by a group of New Jersey employees.
Analysts told Reuters that British Prime Minister David Cameron needs a symbolic triumph before he can ask Britons to support continued membership of the European Union.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
A Swiss shop clerk told Oprah Winfrey that a crocodile handbag worth US$38,000 was "too expensive" for her which sparked racist slur.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
