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Pershing Square Capital Management
Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, headquartered in New York City. Company history In 2004, Ackman started Pershing Square Capital Management with $54 million in funding from his personal funds and a seed investment from Leucadia National. In October 2014, Ackman launched a UK-based closed-end fund, Pershing Square Holdings, on the Amsterdam Stock Exchange. Investment history Pershing has launched activist campaigns against McDonald's, Wendy's, and Herbalife. In 2005, Pershing bought a significant share in fast food chain Wendy's International and successfully pressured them to sell off its Tim Horton's donut chain. Wendy's spun off the Canada, Canadian restaurant donut chain through an IPO in 2006 and raised $670 million for Wendy's investors. After Ackman sold his shares at a substantial profit after a dispute over executive succession, the stock price collapsed, raising criticism that the sale of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pershing Square Capital Management Logo
Pershing may refer to: Military * John J. Pershing (1860–1948), U.S. General of the Armies ** MGM-31 Pershing, U.S. ballistic missile system ** Pershing II Weapon System, U.S. ballistic missile ** M26 Pershing, U.S. tank ** Pershing boot, a type of boot used by U.S. soldiers in World War I ** Pershing Rifles, U.S. college military fraternal organization founded 1894 Companies * Pershing, an Italian yachtbuilding company, part of the Ferretti Group as of 2004 * Pershing LLC, a financial brokerage and custodian, and a subsidiary of the Bank of New York Mellon * Pershing Square Capital Management, a US hedge fund Places ;France * Stade Pershing (Pershing Stadium), a stadium in Vincennes, France ;United States * Pershing, Oklahoma * Pershing, Wisconsin, a town * Pershing County, Nevada * Pershing Center, an arena in Lincoln, Nebraska * Pershing Park, a small park in Washington, D.C. * Pershing Road (Hudson County), a road along the face of the Hudson Palisades * Pershing Township ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wendy's International
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants. Wendy's International Wendy's International, Inc. is the franchisor of Wendy's restaurants and the former parent company of Wendy's. It also owned Tim Hortons, Baja Fresh, and had a 70 percent stake in Cafe Express. The corporate headquarters is located in Dublin, Ohio, a suburb of Columbus. Wendy's International is owned by the Wendy's Company. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. The Baja Fresh chain was sold in October 2006. On September 15, 2008, the purchase of Wendy's International, Inc. by Triarc Companies, Inc. was approved by shareholders. On September 30, the merger was completed, with Triarc being renamed to Wendy's/Arby's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Pacific Railway
The Canadian Pacific Railway () , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City, Canadian Pacific Kansas City Limited, known until 2023 as Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001. The railway is headquartered in Calgary, Alberta. In 2023, the railway owned approximately of track in seven provinces of Canada and into the United States, stretching from Montreal to Vancouver, and as far north as Edmonton. Its rail network also served Minneapolis–St. Paul, Milwaukee, Detroit, Chicago, and Albany, New York, in the United States. The railway was first built between eastern Canada and British Columbia between 1875 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling a commitment extended to British Columbia when it entered Canadia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JC Penney
Penney OpCo LLC , doing business as JCPenney (colloquially Penney's and abbreviated JCP) is an American department store chain with 649 stores across 49 U.S. states and Puerto Rico. It is managed as part of the Catalyst Brands portfolio alongside other apparel retailers such as Brooks Brothers and Eddie Bauer. Its departments include men's, women's and children's apparel, cosmetics, jewelry, and home furnishings along with leased departments managed by Shearshare, US Vision and Lifetouch. The chain focuses on lifestyle products for middle class households. Overview JCPenney was founded in 1902 as a group of dry goods stores that James Cash Penney managed as part of the Golden Rule chain and incorporated under his own name in 1913. The stores were initially located in downtown areas but shifted to shopping malls during the 1960s. The chain struggled in the early 21st century amid the rise of internet retail and the decline of mall traffic, and stay-home measures dur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brookfield Asset Management
Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation. At its inception, the company was headquartered in Toronto, and in December 2024 transferred its offices to New York City. Brookfield Asset Management is 13.8 per cent owned by Brookfield Corporation. Brookfield Asset Management is run by chief executive J. Bruce Flatt, who serves additionally as chief executive of Brookfield Corporation. In late 2024, the company's managed assets reached the trillion mark, making it one of the world's largest investment firms. History On Thursday, 12 May 2022, Brookfield announced that it would spin off its asset management business into a new publicly traded company worth billion. Three months earlier, Brookfield had hinted at the idea of separating its operations. In the announcement by chief executive Bruce Flatt, which was made in his quart ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Growth Properties
GGP Inc. (an initialism of General Growth Properties) was an American Commercial property, commercial real estate company and the second-largest shopping mall operator in the United States. It was founded by brothers Martin Bucksbaum, Martin, Matthew Bucksbaum, Matthew and Maurice Bucksbaum in Cedar Rapids, Iowa, in 1954, and was headquartered in Chicago, Illinois, from 2000. It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009. GGP was acquired by Brookfield Property Partners, and management of its portfolio was transferred to Brookfield Properties, in 2018. Its portfolio included 125 properties comprising approximately in 40 U.S. states at the time of its acquisition, ranking behind only Simon Property Group in total square footage. History 20th century General Growth was founded in Iowa by three brothers, Martin Bucksbaum, Martin, Matthew Bucksbaum, Matthew and Maurice Bucksbaum, in 1954 as General Management. That year, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barnes & Noble
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 600 retail stores across the United States. Barnes & Noble operates mainly through its Barnes & Noble Booksellers chain of bookstores. The company's headquarters are at 33 E. 17th Street on Union Square in New York City. After a series of mergers and bankruptcies in the American bookstore industry since the 1990s, Barnes & Noble is the United States' largest bookstore chain and the only national chain. Previously, Barnes & Noble operated the chain of small B. Dalton, B. Dalton Bookseller stores in malls until they announced the liquidation of the chain in 2010. The company was also one of the nation's largest manager of college textbook stores located on or near many college campuses when that division was spun off as a separate public company called Barnes & Noble Education in 2015. The company is known by its customers fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Borders (retailer)
Borders is an international book and stationery retailer. Borders was founded in the United States in 1971 by brothers Tom and Louis Borders, the first bookshop opened in Ann Arbor, Michigan. In October 1992, it was purchased by Kmart, and was then spun-off in 1995 as Borders Group, Inc. remaining headquartered in Ann Arbor, with Waldenbooks as its subsidiary. In 1997, Borders expanded into Singapore, and later Australia and New Zealand. In 1998, Borders expanded into the United Kingdom, and then later Ireland. In 2005, it opened in Malaysia, and in 2006, with Al Maya Group, it opened a location in the United Arab Emirates, and then further expanded across the Middle East. In September 2007, Risk Capital Partners purchased the Borders stores in the United Kingdom and Ireland, alongside a license to use the Borders name. In June 2008, REDgroup Retail purchased the Borders stores in Singapore, Australia and New Zealand with a license to the Borders name. In November 2009, Bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derivative (finance)
In finance, a derivative is a contract between a buyer and a seller. The derivative can take various forms, depending on the transaction, but every derivative has the following four elements: # an item (the "underlier") that can or must be bought or sold, # a future act which must occur (such as a sale or purchase of the underlier), # a price at which the future transaction must take place, and # a future date by which the act (such as a purchase or sale) must take place. A derivative's value depends on the performance of the underlier, which can be a commodity (for example, corn or oil), a financial instrument (e.g. a stock or a bond), price index, a price index, a currency, or an interest rate. Derivatives can be used to insure against price movements (Hedge (finance)#Etymology, hedging), increase exposure to price movements for speculation, or get access to otherwise hard-to-trade assets or markets. Most derivatives are price guarantees. But some are based on an event or p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
