Investment Management
* Billionaire investor George Soros has taken a stake in Herbalife Ltd. that’s less than 5 percent of its outstanding shares The person, who asked not to be identified because the purchases haven’t been publicly disclosed, didn’t say over what period of time the investor’s Soros Fund Management LLC bought the shares. The shares climbed […]
* Infinity Pharmaceuticals, Inc. researches and develops cancer drugs. The Company uses small molecule drug technologies in the development of its products * Its lead product candidates include IPI-145 and IPI-443, inhibitors of the delta and gamma isoforms of phosphoinositide-3-kinase (PI3K); Retaspimycin HCl, a heat shock protein 90 inhibitor; and IPI-940, an inhibitor of fatty […]
* To avoid the fate of other slow- selling electric vehicles, Bayerische Motoren Werke AG will offer the new i3 — a battery-powered compact car — with a unique option: the use of a sport-utility vehicle. * Customers of BMW’s first electric model can book a conventional auto like the full-sized X5 SUV for several […]
* LVMH CFO Jean-Jacques Guiony says expects eco. environment to improve in 2H, comments on conf. call. • Sees uncertain European eco. environment in 2013, “we can’t expect wonders” • Confident in context of slower growth in Asia • Vuitton rev. growth a “bit lower” than fashion/leather unit • Leather had strong performance at Louis […]
* Goldman Sachs Group Inc. pared its 12-month commodity return forecast to almost flat after oil rallied, keeping a neutral recommendation on raw materials while predicting losses for gold and gains for base metals. * The Standard & Poor’s GSCI Enhanced Commodity Index will return 0.1 percent over the period, the New York-based bank said […]
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