Ackman Sells Valeant Stake After at Least $2.8 Billion Loss

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Ackman Sells Valeant Stake After at Least $2.8 Billion Loss

Bloomberg
After waging a costly and outspoken public defense of the controversial drugmaker, its once-biggest champion sold his entire stake in the company at a loss and said he will leave the board.

Toshiba pushes sale of nuclear unit Westinghouse as crisis deepens

Reuters
Toshiba Corp CEO Satoshi Tsunakawa attends a news conference at the company’s headquarters in Tokyo, Japan March 14, 2017. REUTERS/Issei Kato.

Intel buys Mobileye for $15.3 billion in bid to lead autonomous car market

The Boston Globe
NEW YORK – In the world of driverless cars, household names like Google and Uber have raced ahead of rivals, building test vehicles and starting trials on city streets.

Yahoo’s New Male CEO Will Make Double Marissa Mayer’s Salary

Fortune
Even after Yahoo goes through with the sale of its core business, it will still pay its top executives handsomely—and in some cases, even better than it did before.

Bank of England’s Hogg Steps Down After Lawmaker Criticism

Bloomberg
Charlotte Hogg resigned from the Bank of England after criticism from lawmakers for failing to disclose that her brother works for a bank she would help to regulate.

Gander Mountain is closing 32 stores: Is yours on the list?

USA TODAY
The retail industry continues to struggle as online sellers are squeezing brick and mortar stores and competition ramps up. The tough environment has forced many retailers to close stores and several have filed for bankruptcy.

Kushners Set to Get $400 Million From Chinese Firm on Tower

Bloomberg
A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is investing in the Kushners’ marquee Manhattan office tower at 666 …

New York City sues Verizon for failing to provide fiber broadband to all households

The Verge
The city of New York is suing Verizon for the carrier’s failure to provide fiber internet to almost a million of its residents.

How to position your portfolio for rate hikes

USA TODAY
Is your investment portfolio built to thrive when interest rates rise? Now is a good time to find out. After years of low borrowing costs, rates appear to be headed higher as the U.S.

Why your credit score could soon get bumped up

CBS News
Credit scores can help determine how much you pay for a house or car, or even whether you need to put a deposit down on utilities.

Tillerson used email alias at Exxon to talk climate: New York attorney general

Reuters
U.S. Secretary of State Rex Tillerson smiles during his meeting with Iraqi Oil Minister Jabbar al-Luaibi at the State Department in Washington, U.S.

RPT-ANALYSIS-Fed, in shift, may move to faster pace of rate hikes

Nasdaq
(Repeats with no changes to text) By Ann Saphir and Lindsay DunsmuirSAN FRANCISCO/WASHINGTON, March 14 (Reuters) – The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently …

Gordmans Stores Files for Bankruptcy With Plan to Liquidate

Bloomberg
Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy with plans to liquidate its inventory and assets.

DTE Energy: 7000 still without power; update at 10 am

WDIV Detroit
DETROIT – DTE Energy announced Tuesday morning 7,000 are still without power after last week’s high wind knocked out electricity to more than 800,000 customers.

Jet skier talks about near miss with cruise ship

WTSP.com
PORT CANAVERAL, Fla. — A couple of jet skiers, it seems, owe a debt of gratitude to a Port Canaveral harbor pilot and a Brevard County Sheriff Marine Unit deputy for averting a near-tragic situation late Saturday afternoon.

Cuban calls Trump a ‘Zoolander president’ at SXSW

Fort Worth Star Telegram
Mark Cuban, center, flanked by Adam Lyons and Michele Skelding, on the screen at a SXSW Interactive talk Sunday. Cary Darling cdarling@star-telegram.

Ivanka Trump to End Fine Jewelry Line in Favor of Mass-Market One

New York Times
Ivanka Trump at a Women’s Day luncheon at the White House. Ms. Trump licenses her name to various partners who manufacture her products.

Will Citrix finally find a courter?

Reseller News
Citrix could be having another go at getting itself sold, with fresh reports emerging on 14 March that the software vendor is working with advisors to find potential buyers for its US$13.3 billion business.

Fed anticipation and snow storm could put temporary freeze on market action

CNBC
The Fed begins its two-day meeting Tuesday, as a major snow storm blasts the East Coast. The market is awaiting the Fed’s third interest rate hike in 10 years, and that and the blizzard could mean stocks stall out in a light trading day.

Boeing and Ford power ahead with China expansion

CNBC
U.S. firms Boeing and Ford are powering ahead with China expansion plans, betting big despite the country’s economic slowdown.

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