Business News

For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it.

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Hedge fund manager William Ackman said in his annual letter to shareholders that his Pershing Square Holdings fund has gained 31.9 percent since the start of 2019, the best start to the year in the firm’s 15-year history.

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A Boeing Co software fix for the grounded 737 MAX will prevent repeated operation of an anti-stall system at the center of safety concerns and deactivate it altogether if two sensors disagree too much, two people familiar with pilot briefings said.

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The U.S. Transportation Department said on Monday that a new blue ribbon commission will review how the Federal Aviation Administration certifies new aircraft after two Boeing 737 MAX jets crashed in recent months, killing nearly 350 people.

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Apple Inc brought in Oprah Winfrey, Steven Spielberg, Jennifer Aniston and Jason Momoa to talk up its new television streaming service at a Hollywood-style event on Monday marked by standing ovations, hugs and soaring rhetoric.

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Michael Avenatti, the lawyer who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged Monday with extortion in what prosecutors called an attempt to “shake down” Nike Inc for over $20 million.

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Newmont Mining Corp won the support of at least two key investors for its $10 billion takeover of Goldcorp Inc on Monday, after offering to sweeten the deal with an 88-cent-per-share special dividend if shareholders approve the transaction.

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The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service.

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Activist investor Appaloosa LP said on Monday that Allergan Plc’s board was doing “everything except what needs to be done” in a series of concessions the drug company announced last week in response to criticism from the hedge fund.

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Oklahoma’s top court on Monday declined to delay a landmark trial set for May in a multibillion-dollar lawsuit accusing OxyContin maker Purdue Pharma LP and two other drugmakers of helping fuel an opioid abuse and overdose epidemic in the state.

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Michael Avenatti, the lawyer who represented adult film star Stormy Daniels in her legal battles with U.S. President Donald Trump, was charged Monday with extortion in what a federal prosecutor called an attempt to “shake down” Nike Inc for over $20 million.

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Benchmark U.S. Treasury debt yields fell to their lowest since late 2017 on Monday and a gauge of world stocks dropped for a second straight session on persistent concerns over global economic growth.

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A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla Inc shareholders alleging that the company made misleading comments about the production status of its Model 3.

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Apple Inc’s Apple News+ service will consolidate content from 300 popular magazines and newspapers for $10 a month, but at least one source will offer only selected articles instead of its entire library.

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U.S. stocks slipped on Monday, extending the previous session’s sell-off, hit by worries of a slowdown in global economic growth and as Apple shares fell.

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