BOSTON/NEW YORK (Reuters) - Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products & Chemicals Inc <APD.N> that the billionaire trader kept secret for two months. Full story
The "Squawk on the Street" news team reports on today's top business headlines, including a read of this morning's GDP number, Facebook's push above its IPO price and Ackman's 9.8% stake in Air Products.
Herbalife rallies 86 percent year to date as the battle between Icahn and Ackman goes on. There are a lot of lessons here on how not to do a trade, Jon Najarian says. Also, taking a position on Apple, with Paul Meeks, Saturna Capital. And Carl Icahn ur...
BOSTON (Reuters) - Hedge fund manager William Ackman's strong returns have made him into one of Wall Street's biggest managers, but even he may struggle to raise $1 billion in the next week for a single stock fund whose target he won't identify, say investors. Full story
BOSTON (Reuters) - Hedge fund manager William Ackman is ready to bet big on an unnamed U.S. company and is asking pension funds and endowments to commit $1 billion to two new funds by the end of next week to help him make that investment. Full story
CNBC's Kate Kelly takes a look at how Ackman's Pershing Square holdings are performing so far this quarter. And CNBC's David Faber reports on alleged insider trading by one of KPMG's former partners, with the "Squawk on the Street" news team.
You don't become a billionaire without taking risks. CNBC's Scott Wapner and Kate Kelly discuss Ackman's latest choices.
A preview of billionaire investor Carl Icahn's appearance on Fast Money Halftime Report today, and a discussion about what could be motivating both Icahn and Ackman regarding their positions of Herbalife.
Hedge fund manager William Ackman and investor Carl Icahn talk to CNBC’s Scott Wapner about a scathing news release by Ackman questioning his Icahn’s integrity over the Herbalife investments.
Bill Ackman and Carl Icahn discuss their feud and Ackman's aggressive short of Herbalife in an interview with CNBC's Scott Wapner. Watch the entire interview.
William Ackman, Chief Executive Officer of Pershing Square Capital Management LP talks to reporters before entering the AGM of Canadian Pacific Railway Ltd. in Calgary in this May 17, 2012, file photo. Ackman's multiyear bet that he could overhaul ailing retailer JC Penney looks like it may end up b
Founder and Chief Executive Officer of Pershing Square Capital Management LP Bill Ackman speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz