Boston | Reuters — McDonald’s Corp on Thursday said Carl Icahn’s call for the fast food chain to stop buying pork from suppliers that house the animals in crates would be logistically unfeasible and prohibitively expensive. The billionaire investor, who owns roughly US$50,000 worth of McDonald’s stock, is pushing the company to change how it […] Read more
McDonald’s calls Icahn demands on sourcing pigs ‘unfeasible’
Investor cites company's 10-year-old pledge
Ackman exits CP, freeing up cash for next bet
Boston/Montreal | Reuters — Billionaire U.S. investor William Ackman has exited his hedge fund’s investment in Canadian Pacific Railway, freeing up roughly US$1.5 billion in cash to make other future investments. Pershing Square Capital Management and CP on Wednesday said the New York-based hedge fund had sold its remaining 9.8 million shares in the Canadian […] Read more
Hedge fund urges organics firm SunOpta to sell itself
Reuters — Hedge fund Tourbillon Capital Partners is urging Canadian organic food firm SunOpta Inc. to sell itself to a bigger rival, according to a letter sent to the company on Friday. Mississauga, Ont.-based SunOpta’s share price jumped 26 per cent after the US$4 billion hedge fund asked it to hire an investment bank to […] Read more
Herbalife shares drop on report of Canadian inquiry
Boston | Reuters — Herbalife shares fell as much as 3.5 per cent on Tuesday following a report that Canada’s top consumer regulator has launched a formal probe into complaints that the nutrition and weight loss company runs a pyramid scheme. The New York Post, citing unnamed sources, reported Tuesday that the Canadian Competition Bureau […] Read more
Cyber-Savvy Farmer
