Bill Ackman Wants to Build a “Modern-day” Berkshire Hathaway—Here’s How
It’s not hard to imagine why so many people want to channel Warren Buffett and his legendary firm Berkshire Hathaway ...
News Highlights: Top Company News of the Day - Friday at 7 PM ET
The fintech company thinks it can offer investors more than just its buy-now-pay-later products. Shares of Hong Kong's CK Hutchison sink on critique; 'betraying and selling off' the Chinese people ...
Bill Ackman’s Pershing raises $1.4 billion in Universal Music Group stake sale
The placement comes as Taylor Swift’s record label plans a U.S. share sale agreed in order to fulfill an agreement with ...
The American Bazaar13h
Federal Housing Finance Agency Head is in no hurry to privatize Fannie Mae and Freddie
Fannie Mae and Freddie Mac, two of the biggest mortgage firms in the U.S. will not be privatized any time soon according to ...
Communications Services Up Sharply on Return to Beaten-Down Sectors -- Communications Services Roundup
Communications services companies rose sharply, as traders bought back into some of the sectors most beaten down in the recent stock-market correction. Shares of Universal Music Group fell after hedge ...
A legal battle is brewing as Trump accused of ignoring court’s block on anti-DEI policies
A nonprofit representing plaintiffs in a lawsuit against Trump's anti-DEI orders filed an emergency motion for a status ...
Music Business Worldwide18h
From Sony’s deepfake takedowns to Ackman’s UMG stake sale… it’s MBW’s Weekly Round-Up
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our ...
GlobalCapital18h
Universal Music shares fall after Ackman sells €1.3bn block
Shares in music company Universal Music Group opened down 9% on Friday after hedge fund manager Bill Ackman’s Pershing Square ...
From Southwest to BP, Elliott and other activists are shaking up companies again
This week, Southwest Airlines announced that it would start charging its customers for checked bags. The move came after months of relentless pressure from hedge fund Elliott Management, which has ...
Bill Ackman Sells Portion Of Universal Music Stake: 'One Of The Best Businesses We Have Ever Owned'
News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing ...
Universal Music Stock Drops After Bill Ackman's Hedge Fund Cuts Stake
Universal Music stock fell after hedge-fund billionaire Bill Ackman said Pershing Square is cutting its stake in the world’s largest record label. Shares in the label behind Taylor Swift (NL:UMG) were ...
Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake
Shares in Universal Music Group fell after hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company. Shares traded 6.9% lower to 25.97 ...