US billionaire Warren Buffett had once recommended that the cash left to his wife be invested 90 percent in a low-cost S&P 500 index fund, preferably a Vanguard fund, and the remainder in short-te ...More
EJ Insight2016-04-01
Valeant Pharmaceuticals International Inc. plunged 50 percent on Tuesday after it said it might default on its US$30 billion debt because of a delay in filing its annual report. The Canadian drugmaker ...More
EJ Insight2016-03-16
Activist investor William Ackman has built a stake worth about US$5.5 billion in Mondelez International Inc., the maker of Cadbury chocolate and Oreo cookies. The share purchases are seen as Ackman's ...More
EJ Insight2015-08-07
The world’s biggest hedge fund has gone from raging bull to outright bear on the world’s fastest-growing economy. Bridgewater Associates LP told investors this week the country’s recent stock market r ...More
EJ Insight2015-07-23
A US court has dismissed a lawsuit claiming Herbalife Ltd. fraudulently portrayed itself as a legitimate firm and that shareholders lost money because it was actually an illegal pyramid scheme. US Dis ...More
EJ Insight2015-03-19
Wall Street on Tuesday flatly rejected billionaire investor William Ackman's latest accusations against Herbalife, sending the company's stock surging 25 percent, Reuters reported. Ackman gave a three ...More
EJ Insight2014-07-23
