third point

Third Point founder Dan Loeb revealed that his hedge fund has initiated a position in FedEx (NYSE: FDX). During a live CNBC interview with Deal Book's Andrew Ross Sorkin, Loeb indicated he likes the management, especially Fred Smith, the company's CEO. When pressed to describe his thoughts on...

Shares of Sotheby's (NYSE: BID) have surged about 3 percent in afternoon trade Monday following a 13D filing from Dan Loeb's Third Point LLC. Sotheby's shares are now trading around $47.60. The 13D filing from Third Point showed a brand new 5.7 percent stake, or 3.925M shares, in the art and...

Needham's Laura Martin downgraded Yahoo! Inc. (NASDAQ: YHOO) shares from Buy to Hold Tuesday morning, also removing the previous $31 price target. The analyst cited "implied higher risks" on the heels of Third Point's Dan Loeb selling half of his position in the company. Martin believes Loeb's...

Dan Loeb, the founder and CEO of Third Point LLC (a hedge fund with $12.9 billion AUM), has amassed a 6.5 percent stake in Sony (NYSE: SNE). Now he wants to break up the company in an effort to increase shareholder value. According to The New York Times, Loeb believes that a partial spinoff of...

Carl Icahn filed a quarterly 13-F after the closing bell on Thursday showing his firm's long equity positions. While his 13-F was largely unchanged versus last quarter, an SEC filing showed that the investor had accumulated a 12.98 percent stake in embattled multi-level marketer Herbalife (NYSE:...

Shares of Herbalife (NYSE: HLF) staged a mid-session comeback Monday after the Federal Trade Commission (FTC) corrected a statement that erroneously suggested that Herbalife was the subject of a law-enforcement probe. Shares of Herbalife opened Monday's session down over 10 percent, trading...

Dan Loeb, manager of the Third Point hedge fund, just released his second quarter letter. Third Point had a bad quarter, so Loeb had to assuage investors. For the quarter, Third Point lost 2.3 percent - just slightly higher than the S&P 500's performance, a 2.8 percent decrease. Year-to-date,...

Yahoo! Inc's (NASDAQ: YHOO) layoffs announced today represent the Company's fifth significant headcount reduction in as many years.  While this action was unfortunately necessary and widely expected, Third Point, Yahoo!'s largest outside shareholder, is disappointed that this round of cuts occurred...

Carol Bartz is leaving the Yahoo (NASDAQ: YHOO) CEO post the same way she came in - with fire and vigor and plenty of "F bombs." Speaking of the company's board of directors, she told Fortune that "These people f**ked me over." According to Bartz's telling of the events surrounding her firing as...

Well…the 13-Fs are out today and there is a striking theme running through large hedge fund managers' holdings—they are still stockpiling shares of Apple Inc. (NASDAQ: AAPL). Mangers that took a bite out of Apple include Dan Loeb of Third Point (initiated a 150,000 share position), David Einhorn (...