Founded in 1994, Paulson & Co. Inc’s focus are banking institutions, client-focused portfolios, pooled investment vehicles and public equity markets. Its specialty include credit strategies, event arbitrage, and global mergers. In its SEC 13F filing dated November 14, 2014, it reports a portfolio value of $23 billion as of September 30, 2014. Covidien Plc (COV),…
Allergan, Inc. (NYSE:AGN) Close to $65 Billion Buyout by Actavis Plc (NYSE:ACT)
Botox maker Allergan, Inc. (NYSE:AGN) is close to completing a deal with Actavis Plc (NYSE:ACT) in a buy-out transaction amounting to about $65.5 billion. A report by Reuters, citing unnamed sources, indicates that Actavis puts Allergan shares at the range of $215 – $220, and the final price is likely to be on the higher…
JPMorgan Chase & Co. (JPM) Settles Shale-Rights Lawsuit
JPMorgan Chase & Co. (NYSE:JPM) has successfully settled a shale-rights lawsuit filed by owners of mineral-rights in Texas. In a charge made against the bank, beneficiaries of South Texas Syndicate Trust claimed that JPMorgan Chase & Co. (NYSE:JPM) sought to cheat them out of a compensation amounting to $681 million by entering into favorable deals with…
Chip Maker Ambarella Inc (NASDAQ:AMBA) Optimistic of Market Apart from GoPro Inc (NASDAQ:GPRO)
Chip maker Ambarella Inc (NASDAQ:AMBA) have its hopes high on non-traditional markets for its product, the chips that are responsible for processing that crisp high resolution, high definition GoPro Inc (NASDAQ:GPRO) camera videos. The chip maker is gearing its sights towards potential markets such as home monitors, professional security cameras, car dashboard apps, rearview mirror…
Tesla Motors Inc (NASDAQ:TSLA) Backs Down on $500M Demand of State Money for Gigafactory, State Incentive Plan Prevails
Tesla Motors Inc (NASDAQ:TSLA) demanded an amount of $500 million in lieu of tax breaks from Nevada to build Gigafactory, its planned massive battery plant, in the state. The electric car manufacturer have been in negotiations with states such as New Mexico, Arizona, Texas, California, Oregon, and Washington, who were all competing with one another…
Alibaba Group Holding Ltd (NYSE:BABA) Backed by Top Global Investors
In public disclosures filed Friday, it is shown that Jack Ma’s e-commerce group Alibaba Group Holding Ltd (NYSE:BABA) boasts of the world’s finest investors in its list of stockholders. The company has made an initial public offering earlier in September 18 of this year. The initial public offering generated an amount of $35 billion for…
Baker Hughes Incorporated (BHI) and Halliburton Company (HAL) Squabble Over Baker Hughes’ Board After Merger Talks Failed
The world’s third and second largest oilfield services company, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL), are in a squabble over the former’s current board of directors after talks of Baker Hughes’ acquisition by Halliburton resulted in a standoff. According to Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL) has plans of nominating candidates to…
Wal-Mart Stores, Inc. (WMT) Reports Sales Growth, Matches Prices of Online Competitors
Retailer Wal-Mart Stores, Inc. (NYSE:WMT), reported a rise in same-store sales for the first time covering a period of 7 quarters. The company’s new and existing stores generated a quarterly sales of about $119 billion, up from $112 billion, pushed by demand for apparel and home goods. A 5.5% comparable sales growth in the company’s…
Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) Swaps Procter & Gamble Co (NYSE:PG) Stocks for Duracell Batteries
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) is acquiring the Duracell battery brand from Procter & Gamble Co (NYSE:PG) by letting go of his shares at the world’s largest household products company. The transaction regarding the deal, which is expected to complete by the second half of next year, will give P&G Buffett’s $4.7 billion worth…
Amazon.com, Inc. (AMZN) Inks New Contract With Hachette Book Group
Internet retailer Amazon.com, Inc. (NASDAQ:AMZN) has inked a multi-year agreement with publisher Hachette Book Group over the sales of ebooks and print books. The agreement signals an end to the two companies’ bitter conflict the previous months, stemming from differences regarding price setting and Amazon’s cut on book sales. The dispute lasted for about six…