NEW YORK: EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.Baupost Group, run by Seth Klarman, and BlueMountain Capital both made new investments while Hudson Bay Capital Management and Adage Capital Partners expanded their bets with sizable purchases during the fourth quarter, regulatory filings and data compiled by Symmetric.io show.Banking giants UBS AG, Citigroup Inc, JPMorgan Chase and Morgan Stanley, which invest for retail and institutional clients, also purchased millions of new shares, the data show.For these investors, the nearly 30 percent gain in eBay's share price in the first seven weeks of trading this year represents a sizable windfall that was likely fuelled by behind-the-scenes moves of two activist hedge funds that also built stakes recently.Elliott Management, one of … [Read more...] about Prominent investors stock up on eBay, then activists flex muscle
High street on hudson
On Tuesday, Michelin released the 14th edition of its Bib Gourmand list for New York—also known as the acclaimed guide’s “cheap eats” list. The five boroughs scored 129 restaurants, including 27 new spots. That compares with last year’s 127 Bib Gourmands and only 14 new spots, which means a lot of places were taken off the list because they either closed, weren’t worthy, or moved up to Michelin-star status. Among the most notable restaurants to drop from this year’s list is the Spotted Pig, which has made headlines for sexual harassment allegations. The list also stands out for the number of new restaurants in Manhattan, at a time when Brooklyn and Queens account for most of the city’s dining buzz. Manhattan boasts 14 additions, representing more than half the newcomers. Among them is Una Pizza Napoletana, from pizzaiolo Anthony Mangieri and rising star chefs Fabian von Hauske and Jeremiah … [Read more...] about NYC ‘cheap eats’ list makes it official: Dining bargains abound
Business U.S. stock index futures slipped on Tuesday as investors braced for President Donald Trump's decision on whether to withdraw from the Iran nuclear deal. 08 May 2018 07:55PM Bookmark REUTERS: U.S. stock index futures slipped on Tuesday as investors braced for President Donald Trump's decision on whether to withdraw from the Iran nuclear deal.A U.S. withdrawal would tighten economic sanctions on Iran, curtailing the country's output that could bolster this year's 13 percent oil rally.Crude prices were down more than 1 percent - easing from 2014 highs, which had boosted Wall Street in the past two sessions - ahead of Trump's decision at 1800 GMT (2:00 p.m. ET)."(Trump's decision) has been so well covered, it's probably all in the price by now. And most recent commentary seems to be that after all the bluster, he may only partially withdraw from the deal," said Frances Hudson, global thematic strategist at Aberdeen Standard Investments.At 7:19 a.m. ET, Dow e-minis were … [Read more...] about Futures dip ahead of Trump’s decision on Iran
By Allison Harness Special to the Star Fri., April 20, 2018 See what’s available — and for how much — with a selection of GTA Open Houses. SWANSEA Location: 11 Riverside Cres., Bloor St. W. and South Kingsway Type: two-storey detached; 5 bedrooms; 5 bathrooms Article Continued Below Asking price: $3,200,000 Open house: Saturday, April 21 and Sunday, April 22, 2-4 p.m. Listing agent: Kari Emond, sales representative, Sutton Group Realty Systems Inc., Brokerage, 416-414-1497; www.urbantorontoproperties.com Features of the home and property include: hardwood floors throughout the main floor; living room with wood burning fireplace; large basement recreation room with hardwood floor and wood burning fireplace; backyard backing directly onto the Humber River, with a private west-facing dock at the water. Location highlights are: steps to South Humber Park; close to Rennie Park, High Park, schools and a community centre; near … [Read more...] about From Toronto to Kawartha Lakes, see what is on the market: Open House
By Sarah Betancourt The Associated Press Fri., March 2, 2018 BOSTON—A fierce nor’easter that flooded streets, snapped trees in pieces and knocked out power to more than 1.8 million homes and businesses continued to lash the Atlantic coast, but the winds were expected to slowly let up as the storm moved offshore. Forecasters said rain and snow was expected to slowly come to an end early Saturday, hanging on across southern New England the longest. Winds were expected to remain breezy from Washington to Boston, a day after they toppled tractor trailers and exceeded 80km/h, with gusts of 129 to 145 km/h on Cape Cod. At least five people were killed Friday by falling trees or branches. Ohio and upstate New York got 30 centimetres or more of snow. Boston and Rhode Island were expected to get 5 to 13 centimetres. Jim Hayes, a meteorologist with the National Weather Service Weather Prediction Center in Maryland, said coastal flooding was expected to continue to … [Read more...] about At least 5 dead as powerful storm hits northeastern U.S.