The roommate of a former Pershing Square Capital Management analyst has been hit with insider-trading charges for allegedly telling another friend about the hedge fund's planned campaign against Herbalife.
Airline stocks got hammered this morning after the first official case of Ebola was confirmed in a Texas patient. But calm down: Investors have a long history of overreacting to deadly diseases.
The New York Times announced this morning that it would cut 100 newsroom positions, bowing to financial pressure from declining print revenue.
Chrysler and General Motors reported that September sales of their cars and trucks soared 19% and 19.4% respectively, as the two Detroit automakers performance easily outpaced the expected overall industry sales increase for the month.
In a Wednesday statement, the investment firm said it would "vigorously pursue the enforcement of existing contractual claims.