Monthly Archives: April 2023
Apple declares ‘resounding victory’ after decision reached in Epic Games appeal
(CNBC) An appeals court on Monday mostly sided with Apple over its App Store rules in a suit with Epic Games. The decision signals that Apple’s control over the App Store and the fees it charges likely won’t significantly change […]
Billion dollar-plus hedge fund launches back at pre-pandemic levels
(Hedgeweek)At least four new hedge fund firms are on target to raise more than $1 billion by the end of this year, as fundraising returns to levels not seen since before the global pandemic, according to a report by Bloomberg. […]
Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut
(CNBC) Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part […]
SEC Files Charges in Alleged $8-Million Investment Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed fraud charges against Charles Winn LLC, its senior managers, Aaron David Scott-Britten (aka Aaron David, Aaron Scott, and Aaron David K. Britten) and Ohran Emmanuel Stewart (aka Elliott Stewart), Casey Alexander, a […]
Stock futures inch down as Wall Street awaits tech earnings: Live updates
(CNBC) Stock futures fell slightly on Sunday night as investors await a slew of corporate earnings from big tech companies, as well as fresh economic data releases. Dow Jones Industrial Average futures fell by 45 points, or 0.13%. S&P 500 […]
MFA urges FTC to reconsider non-compete ban for alts asset management industry
(Hedgeweek) The Managed Funds Association (MFA), the global trade association representing the alternative asset management industry, has submitted a comment letter to the Federal Trade Commission (FTC) on the proposed rule to ban non-compete agreements. To read this article:
Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts
(CNBC) Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive. The beleaguered home goods retailer has been warning of a potential […]
Alphabet CEO Sundar Pichai’s compensation topped $200 million in 2022
(CNBC) Alphabet CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday. Pichai was awarded $218 million in equities last year […]
Procter & Gamble beats earnings estimates, raises revenue forecast as prices rise
(CNBC) Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations as higher prices helped offset lower demand for its products, particularly in Europe. The company, which owns household brands like Febreze, Charmin and Tide, also raised its […]
SEC Obtains Judgments Against Former Hedge Fund Portfolio Manager and Trader Related to Hedge Fund Valuation Scheme
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has final consent judgments against Amin Majidi, a portfolio manager for a private fund advised by now-defunct New York-based investment adviser Premium Point Investments LP, and Ashish Dole, […]
Stock futures are flat Thursday night as Wall Street processes earnings results: Live updates
(CNBC) U.S. stock futures were little changed on Thursday night. Dow Jones Industrial Average futures inched lower by 27 points, or 0.08%. S&P 500 futures were down just 0.01%, while Nasdaq 100 futures rose 0.07%. To read this article:
Whole Foods plans to lay off several hundred corporate employees: Read the memo here
(CNBC) Amazon’s Whole Foods is letting go some corporate employees as part of a planned reorganization of select teams, and as its parent company closely examines costs. Whole Foods plans to reorganize certain global and regional support teams over the […]
