Year: 2020

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Don’t Bet on This Top Wall Street Hedge Fund

February 6, 2020 admin Comments Off on Don’t Bet on This Top Wall Street Hedge Fund

One of Wall Street’s most high-profile hedge fund managers delivered an eye-popping 58.1% return last year.
But, as Nicholas Vardy explains, his fund is not a safe bet for wealth creation.

Bill Ackman is one of Wall Street’s most high-profile hedge fund managers.
His company, Pershing Square Capital Management, once managed as much as $20 billion. Ackman boasts a personal fortune of $1.7 billion.
Today, you can buy Ackman’s largest investment vehicle – Pershing Square Holdings (LSE: PSH) – with the click of a mouse.
And once you hear about Pershing’s eye-popping 58.1% return in 2019, you may be tempted to do so.
But based on …read more […]

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Intelsat Reaches Deal With the FCC on C-Band Airwaves

February 6, 2020 admin Comments Off on Intelsat Reaches Deal With the FCC on C-Band Airwaves

(Bloomberg) — Intelsat SA and other satellite providers have reached a deal with federal regulators on compensation for giving up airwaves in an auction, said two people familiar with matter.The companies are seeking payment for freeing airwaves U.S. regulators want to reallocate for mobile users. Wall Street had been fretting that a plan unsatisfactory to satellite operators would prompt them to walk out of the negotiations. An accord between the two sides presumably would blunt that risk.U.S. Federal Communications Commission chairman Ajit Pai is to reveal a proposal later Thursday for a vote at the commission’s Feb. 28 meeting.Intelsat soared …read more […]

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PG&E Power Line Hooks Were Wrapped in Tape, Fire Victims Say

February 6, 2020 admin Comments Off on PG&E Power Line Hooks Were Wrapped in Tape, Fire Victims Say

(Bloomberg) — A recent inspection of a PG&E Corp. transmission line uncovered equipment issues similar to those cited as the cause of the deadliest blaze in California history, according to lawyers for wildfire victims.During a December inspection, an expert for the attorneys photographed worn and rusted c-hooks on a transmission line near the Caribou-Palermo line in Northern California’s Sierra foothills, the official committee representing fire victims in PG&E’s bankruptcy said in a statement. That’s the same line that failed and sparked the 2018 Camp Fire. Some of the hooks on the Cresta-Rio Oso line “appeared to be held together by …read more […]

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FAA's Dickson says regulators seem set to agree on 737 MAX design fix

February 6, 2020 admin Comments Off on FAA's Dickson says regulators seem set to agree on 737 MAX design fix

U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service. “On the design approval, from everything that I have seen I think we’ll have very solid alignment,” he told an airline industry event in London. The 737 MAX was grounded in March 2019 after two fatal crashes that killed 346 people. …read more […]