New York (HedgeCo.Net) - CSX is finding themselves in the middle of another battle, this time with a shareholder who is suing the railroad company along with hedge funds TCI and 3G Capital Partners.
Shareholder Deborah Donoghue is seeking the recovery of “short swing” profits from sales conducted by the two hedge funds between August and […]

New York (HedgeCo.Net) - Two hedge funds are looking to oust William Dillard II, CEO of Dillard’s Inc., after poor performance and lagging stock prices. 
Barington Capital Group LP and Clinton Group Inc sent a letter to the SEC that was released yesterday, which asked the company to start to an immediate search for a […]

New York (HedgeCo.Net) - Jacksonville-based CSX Corp’s profit fell 6.1 percent in the third quarter according to their regulatory filing yesterday, thanks to reduced freight in a sour U.S. economy.  This is the first time in the last five quarters that the railroad company has seen a decrease in profit. 
Net income for the third […]

New York (HedgeCo.Net) - Activist hedge fund Harbinger Capital might be looking to make some strategic changes to another management team.  They are expected to hold talks with Leap Wireless International, in which they hold a substantial 14.8 percent stake or just over 10 million shares.  The hedge fund is looking to discuss both short-term […]

JP Morgan Chase & Co and Citadel Investment Group resumed trading with each other on Friday, one day after the bank had cut off the hedge fund over a hiring dispute, a person familiar with the matter said.
"The dispute has been resolved," a person familiar with the hedge fund said on Friday.
Citadel’s officials could not […]

New York (HedgeCo.Net) - Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle. 
A U.S. Court of Appeals judge ruled yesterday in New York upheld an earlier ruling that the court did not have the power to […]

New York (HedgeCo.Net) - Harbinger Capital has taken an 8 percent stake in Cablevision Systems Corp., according to a regulatory filing done yesterday with the Securities and Exchange Commission.
The activist hedge fund now owns nearly 19 million shares of the cable operator.  The filing communicated Harbinger’s views that the stock is undervalued and also touched […]

New York (HedgeCo.Net) - CSX looks to be cutting some slack to the two rebel hedge funds that have been on a quest to restructure their board of directors. 
The railroad company said that it will give two seats to members of the slate first proposed by TGI and 3G Capital Partners and elected during […]

Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda.
When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for a slate of directors pushed by hedges fund. CSX rescheduled the meeting for Friday.
CSX said last […]

New York (HedgeCo.Net) - Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl Icahn.
Jackson, who heads the grassroots group Yahoo Plan B, wants five members to come from […]

New York (HedgeCo.Net) - After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. 
According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if the internet giant’s board was replaced, a move that billionaire tycoon Carl Icahn has been […]

Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February.
Shareholders of Electric Power Development Co., the official name of Japan’s largest power wholesaler, rejected all five proposals by the investment company including […]