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Saudi Fund May Only Play Minor Part In Musks 72 Billion Tesla Plan Bankers

RIYADH – Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla...

Goldman Shareholders Can Again Pursue Class Action Over Cdos

NEW YORK – A federal judge on Tuesday said Goldman Sachs Group Inc (GS.N) shareholders may again pursue class-action claims that the bank concealed conflicts of...

Soros Fund Management Adds Popular Tech Names Blackrock In Second Quarter

NEW YORK – Soros Fund Management LLC added Facebook Inc (FB.O), Apple Inc (AAPL.O) and Twitter Inc (TWTR.N), but trimmed stakes in Alphabet Inc (GOOGL.O) and...

Ackmans Pershing Square Trimmed Adp Stake In Second-quarter Filing

BOSTON – William Ackman’s Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the...

Musk Bid For Tesla No Formal Offer No Firm Deals With Advisers

– Tesla Inc’s (TSLA.O) board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential...

Activist Starboard Value Halves Its Stake In Newell Filing

BOSTON – Hedge fund Starboard Value said on Tuesday that it sold half of its stake in consumer products company Newell Brands, whose chief executive officer it...

Berkshire Boosts Goldman Teva Stakes Buys More Apple

– Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has increased its investment in Goldman Sachs Group Inc, and confirmed it has added to its stake...

Berkshire Boosts Goldman Stake Confirms Apple Purchase

– Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has increased its investment in Goldman Sachs Group Inc, and confirmed it has added to its stake...

Major Tesla Shareholders Trimmed Stakes Last Quarter Filings

NEW YORK – Two major Tesla Inc (TSLA.O) shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk...

Us Hedge Funds Bet On Retail Tech In Second-quarter As Economy Sizzled

NEW YORK – Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about...