ECONOMY & MARKETS

Bill Ackman Strikes Again With General Growth Properties Bid

William Ackman, Hedge fund manager and the founder of Pershing Square Capital
Bill Ackman, the mercurial hedge fund manager of Pershing Square Capital LLP and activist investor, is at it again. Ackman said in a regulatory filing Thursday that his company had been in talks with Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall owner, regarding a takeover of General Group Properties Inc. (NYSE: GGP), its next largest rival.
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FDI Nod for Disney

FDI Nod for Disney as Govt Approves $180 mln Proposal

India approved a $180 million foreign direct investment plan by U.S. media group Walt Disney, part of a new push to clear a backlog of investment proposals as the finance ministry seeks to inject new life into the slowing economy.
A man looks at a stock quotation board outside a brokerage in Tokyo

Asian Stocks Fall On Euro Zone Worries

Most of the Asian markets fell Friday as investors' concerns about the faltering global economy were revived since the Markit Flash Eurozone PMI Composite Output Index, released Thursday, indicated that the economic outlook was worsening.
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Whitman’s Ax: 4,000 Left HP Payroll in Third Quarter

Hewlett-Packard Co. (NYSE: HPQ) CEO Margaret (Meg) Whitman has been swinging her ax at the company’s payroll: during the third quarter ended July 31, as 4,000 left the company as part of her plan to trim the roster, which was 349,600 on Oct. 31.
Traders work on the floor of the New York Stock Exchange

China, Fed Easing Hopes Buoy US Stock Futures

The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

European Stocks Rise On Greece Optimism

European markets rose Thursday as investors were hopeful ahead of the meetings between the Greek and other euro zone leaders this week to discuss measures to tackle the economic and financial instability affecting Greece.
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Asian Shares, Euro Rise After Fed Easing Hopes

Asian shares rose and the euro hit a seven-week high Thursday as the Federal Reserve's minutes raised the prospect for more U.S. stimulus while uncertainty continued over progress in Europe's debt crisis, including the European Central Bank's bold action.
New research shows that runaway growth in the financial sector is detrimental to the real economy, as highly skilled workers gravitate toward finance and industries dependent on outside investment suffer. (Reuters)

Entitlement Vs. Empowerment

Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.

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