Wednesday, April 7, 2010 as of 11:14 AM ET
Fortune Brands was a holding company founded in 1969 as American Brands and later renamed in 1997 and split apart in 2011. The corporate headquarters was in Deerfield, Illinois in the United States.
Read More at Wikipedia ›Bill Ackman's Pershing Square Capital Management L.
P. reported a significantly reduced stake in Kraft Foods Inc. (KFT), while keeping his other holdings largely unchanged.Ackman, a value investor who often accumulates sizeable stakes in companies to push for management and operational changes, reported a concentrated portfolio of 10 stocks with a total value of $8.07 billion as of March 31. That's up 3.7% from $7.78 billion as of Dec. 31.Ackman made the disclosure in a quarterly 13F filing of big stockholders.Pershing Square held 15.5 million shares in Kraft at the end of the first quarter, down about 27% from 21.2 million at the end of the previous quarter. The shares would have a market value of $601.7 million based on the company's closing price of $38.82 a share on Tuesday.The 13F filing also showed that Pershing Square held stakes in Family Dollar Stores Inc. (FDO) and Fortune Brands Home and Security Inc. (FBHS) The firm subsequently said in late April it had disposed of both hol...NEW YORK -- Fortune Brands Home & Security shares extended gains on Wednesday after an analyst at Bill Ackman's Pershing Square Capital Management on Tuesday touted ...
Abbott Labs (NYSE:ABT) unveiled plans on Wednesday to split up into two separate companies by spinning off its pharmaceutical unit, becoming the latest U.S. company ...
Beam Global Spirits & Wine CEO Matt Shattock discusses how the recession has impacted sales.
By Martinne GellerNEW YORK (Reuters) - Beam Inc <BEAM.N> Chief Executive Matthew Shattock thinks the spotlight will be good for his newly independent alcoholic drink...
Fortune Brands (NYSE:FO) declared a regularly quarterly dividend of 19 cents a share on Tuesday and said it expects to complete the separation of its remaining busin...
(Reuters) - The U.S. Securities and Exchange Commission has asked companies like Dow Chemicals <DOW.N>, Fortune Brands <FO.N>, Caterpillar <CAT.N> and CIT Group <CIT...
Bowing to shareholder pressure, McGraw-Hill (NYSE:MHP) unveiled plans on Monday to split into two separate companies in an effort to unlock value and streamline its ...
Pernord Ricard CEO Pierre Pringuet weighs in on record profits and growth.
Blue-chip food giant Kraft Foods (NYSE:KFT) revealed plans on Thursday to break itself up into two publicly traded companies, sparking a 5% rally in the company’s st...
By Scott MaloneMILWAUKEE (Reuters) - On a recent morning at Master Lock's 90-year-old factory in Milwaukee, a cluster of machinery was whirring, every 2 seconds spit...
Fortune Brands (NYSE:FO) said Thursday that the remaining two of its businesses will trade as independent companies on the New York Stock Exchange once the company c...
In its latest effort to split into three separate businesses, Fortune Brands (NYSE:FO) said on Friday that it is selling its Acushnet golf business to a group led by...
The Capital Goods sector (XLI) held steady on a trading day that saw S&P 500 drop 0.3%.While being down today, the ETF, as a proxy for sector performance, tracked cl...
Matt Shattock, Beam CEO and president, on the company’s growth on bourbon in the U.S. and internationally.
These nine stocks reached 52-week highs:The share price of Amrica Mvil S.A.B de C.V (NYSE:AMX) went up today, reaching and then surpassing its previous 52-week high ...
Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions.The $4.8 ...
A few stocks are up on high volume today:Amazon.com (NASDAQ:AMZN) is seeing its price rise on above-normal volume today, as 14.4 million shares, 3.8 times the stock'...
Economic sentiment may be improving, but C-Suite executives aren't quite ready to pull the trigger on acquisitions. While earnings season is off to an upbeat start a...
The board of directors at PepsiCo (NYSE:PEP) is sharply divided over whether or not the company should break up its snack and beverage divisions, according to a publ...
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