NEW YORK (Reuters) - J.C. Penney Co Inc <JCP.N> board member William Ackman said on Thursday that he still believes the retailer's shares could be worth $75 each, if revenue returns to 2011 levels and yearly expenses are contained at current levels, instead of the $15 they trade at now.Full story
(Reuters) - A short seller in Herbalife Ltd's <HLF.N> stock has sued officials at three major U.S. banks as well as activist investor Carl Icahn, saying they are helping perpetuate a fraudulent pyramid scheme at the nutritional products company. Full story
(Reuters) - Procter & Gamble Co's <PG.N> quarterly profit soared past expectations as the world's largest household products maker used higher prices and new products to reignite growth in sluggish markets such as the United States. Full story
Activist investor and Pershing Square Capital CEO, William Ackman explains why he is giving the retail company several years to turnaround, despite its recent sales plunge.
William Ackman, CEO of Pershing Square Capital Management, speaks at the Partner Connect 2013 conference, sponsored by Thomson Reuters, in Boston April 5, 2013. REUTERS/Brian Snyder
Activist shareholder William Ackman of Pershing Square Capital Management speaks during the Canadian Pacific Railway Ltd. shareholders and analysts meeting in Toronto February 6, 2012. REUTERS/Mike Cassese
Activist shareholder William Ackman of Pershing Square Capital Management speaks during the Canadian Pacific Railway Ltd. shareholders and analysts meeting in Toronto in this February 6, 2012 file photograph. REUTERS/Mike Cassese/Files
