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Browsing Month »October, 2015«

→  October 31, 2015

Here’s the Problem with Royal Dutch Shell plc The Royal Dutch Shell plc (ADR) (NYSE:RDS-A) stock is not trading at the lowest point of the year, which is something it achieved on September 28th at about $45.80 per share, but it’s not too far off from that dubious price point. Shell suffered a net loss of […]

→  October 30, 2015

NEW YORK Bank of America Corp (BAC.N) has reached a $335 million settlement of a federal lawsuit accusing it of misleading shareholders about its exposure to risky mortgage securities and its dependence on an electronic mortgage registry known as MERS. The second-largest U.S. bank disclosed the accord in its quarterly report filed on Friday with […]

→  October 30, 2015

If the aim of Labor’s attack on Prime Minister Malcolm Turnbull and his wife Lucy for using hedge funds domiciled in the Cayman Islands tax haven was to damage his credibility with the public, it appears to have missed the political mark. However, it is worth working through whether investing in hedge funds in tax […]

→  October 30, 2015

On the same morning that Valeant Pharmaceuticals’ stock opened down 6.5 percent on news that it had cut ties with a specialty pharmacy partner, hedge fund manager Bill Ackman mounted a lengthy defense of the embattled drugmaker. Though critical of the company’s laissez-faire approach to public relations, Ackman expressed confidence in Valeant’s business and growth prospects.  “We […]