Australia's Central Bank Continues to Warn of A$ Strength
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Australia's central bank continues to warn that a rising Australian dollar would curtail hopes for stronger economic growth and higher inflation over time.
Warren Buffett Cashes Out on GE, Cashing In on Crisis Loan
Warren Buffett's Berkshire Hathaway is getting out of one of America's oldest companies: General Electric. Berkshire received most of the shares after the investor lent roughly $3 billion to GE in October 2008 during the depths of the financial crisis.
John Paulson Turns From Pharmaceutical Bets
John Paulson, the hedge-fund star of the financial crisis, decreased or sold off many of his bets on pharmaceutical companies in the second quarter, filings show.
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Shadow Fed is Glum on Stock Market
Camp Kotok's fearless forecasters mainly see little change in economic and financial measures such as interest rates, GDP, bond yields and oil prices, but they are somewhat bearish on stocks.
Fed's Dudley Expects Another Rate Rise This Year
New York Fed President William Dudley told the Associated Press that another rate rise is likely in 2017 and that expectations the central bank will start cutting the size of its balance sheet in September are reasonable.
Transplace to Be Acquired By TPG Capital
Transportation management company Transplace is expected to be acquired from Greenbriar Equity Group in a deal expected to be worth close to $1 billion
Jana Takes Stake in Blue Apron
The activist hedge fund whose investment in Whole Foods Market Inc. catalyzed the natural grocer's takeover by Amazon.com Inc. has taken a 2% stake in meal-kit maker Blue Apron Holdings Inc.
Uber Founder Kalanick Is Obstacle in CEO Search, Says Investor Benchmark
Days after it sued Uber's former chief executive, investor Benchmark Capital sent a letter to the ride-hailing company's employees saying it took action to prevent him from undermining the search for his replacement.
Investors Take On Mortgage Risk From Taxpayers
Investors are snapping up a new type of security sold by Fannie Mae and Freddie Mac, assuming the risks of mortgage defaults and powering a quiet transformation of the housing giants.
Ackman Disputes ADP's Narrative
William Ackman tried to change the narrative around his $4 billion bet on Automatic Data Processing, questioning whether its chief executive accurately portrayed conversations with the activist investor to the company's board and shareholders.
(END) Dow Jones Newswires
August 15, 2017 00:15 ET (04:15 GMT)