Lampert Won’t Give Sears Another Lifeline (The Wall Street Journal)
Edward Lampert, the hedge-fund manager who controls Sears Holdings Corp., has repeatedly bailed out the struggling retailer with short-term loans. Now, he is cutting the cord. Mr. Lampert, who is Sears’s chairman, chief executive, largest shareholder and biggest creditor, doesn’t plan to lend the company money to repay $134 million in debt due Monday, according to people familiar with the matter.
Druckenmiller: The Fed is Playing ‘Jenga’ with Rate Hikes (Yahoo Finance)
Hedge fund legend Stan Druckenmiller, who runs family-office Duquesne Capital, compared the Federal Reserve’s rate hikes to a game of Jenga while speaking at a conference this week. Jenga is a game where players take turns removing one wooden block at a time using one hand from a tower comprised of 54 blocks. The game ends when a player causes the tower to collapse. “So that’s kind of how these interest rate increases and balance sheet rolling off, it doesn’t matter until it matters,” Druckenmiller said at Grant’s 2018 Fall Conference.
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Investor Increases Stake in Campbell, Advises Board Not to Name Next CEO Amid Proxy Battle (BizJournals.com)
Campbell Soup Co. plans to choose its next chief executive by the end of the year, but activist investor Daniel Loeb is advising the soup maker against it as the pursuit to replace its entire board of directors continues. Loeb and his hedge fund Third Point recently increased its stake in Campbell to nearly 7 percent, up from 5.65 percent. The hedge fund and its partners now have about a 10 percent stake in the Camden company.
Insider Buying: Oaktree Capital Group LLC (NYSE:OAK) Director Purchases 1,006,899 Shares of Stock (FairFieldCurrent.com)
Oaktree Capital Group LLC (NYSE:OAK) Director Ocm Growth Holdings Llc purchased 1,006,899 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average cost of $15.02 per share, for a total transaction of $15,123,622.98. The purchase was disclosed in a filing with the SEC.
Insider Buying: Weatherford International plc (WFT) Director Purchases 40,000 Shares of Stock (XNewsPress.com)
Weatherford International plc (NYSE:WFT) Director Angela A. Minas purchased 40,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was acquired at an average price of $2.45 per share, for a total transaction of $98,000.00. Following the purchase, the director now owns 102,711 shares in the company, valued at approximately $251,641.95. The transaction was disclosed in a document filed with the SEC.
Insider Buying: Entasis Therapeutics Holdings (ETTX) Insider Acquires 262,539 Shares of Stock (MareaInformativa.com)
Entasis Therapeutics Holdings (NASDAQ:ETTX) insider Group Holdings (Sbs) Advis Tpg acquired 262,539 shares of Entasis Therapeutics stock in a transaction dated Friday, September 28th. The stock was purchased at an average price of $15.00 per share, with a total value of $3,938,085.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Insider Buying: New Jersey Mining (OTCMKTS:NJMC) VP Purchases 100,000 Shares of Stock (FairFieldCurrent.com)
New Jersey Mining (OTCMKTS:NJMC) VP Robert John Morgan acquired 100,000 shares of the stock in a transaction that occurred on Saturday, September 29th. The shares were bought at an average price of $0.15 per share, for a total transaction of $15,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Insider Selling: Fabrinet (NYSE:FN) Director Sells 40,000 Shares of Stock (PressOracle.com)
Fabrinet (NYSE:FN) Director David T. Mitchell sold 40,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $45.40, for a total transaction of $1,816,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
