It appears that AIG’s management will be more inclined to continue as a consolidated entity and to improve returns for its shareholders in its current form.
Consumer credit rose by $16.1 billion in May following a revised gain of $21.4 billion in April. Gains for revolving credit point to strong credit card use.
Walmart discussed its supercenter and neighborhood store formats at the investor update. The retailer is looking to roll out more neighborhood format stores.
In February 2015, Cognizant Technology Solutions announced its 4Q14 results and reported revenues of $2.74 billion, up 16.4% from $2.36 billion in 4Q13.
The NLRB filed a complaint last January. It accused Walmart of violating labor laws. The NLRB claims that the retailer acted against workers who joined unions.
Walmart’s smaller-sized stores average ~40,000 square feet in size. The stores are located predominantly in locations with a higher population density.
Highfields Capital initiated a new position in MIK in the third quarter. The position accounts for 1.38% of the fund’s 3Q14 portfolio. Michaels is the largest arts and crafts specialty retailer in North America.
Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.
In this six-part series, we will go through some of the main positions Eton Park Capital traded this past quarter Eton Park Capital Management is a multi-strategy hedge fund founded in November 2004 by former Goldman Sachs partner Eric Mindich. The firm started new positions in Family Dollar Stores (FDO) , Constellation Brands (STZ), Sotheby’s (BID), […]
