Warren Buffett’s Firm Invests Millions in Fintech (The Wall Street Journal)
Warren Buffett’s Berkshire Hathaway Inc. is hopping on the fintech bandwagon. Berkshire invested around $600 million in recent months in two big financial-technology companies focused on emerging markets: Brazilian payment processor StoneCo. Ltd. and the parent company of India’s largest mobile-payments service, Paytm.
Hitachi Agrees to Buy Elliott’s Stake in Italy’s Ansaldo STS, Ending Feud (Reuters)
MILAN (Reuters) – Hitachi (6501.T) has wrapped up a bitter feud with U.S. activist investor Elliott over Ansaldo STS (STS.MI), agreeing to buy the fund’s stake in the Italian rail signaling group as part of a move to take full control. The Japanese conglomerate could spend as much as 1.25 billion euros to become the sole owner of Ansaldo STS, which it said would have a leading role to play in growing its rail business, including through acquisitions.
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Activist investor, hedge fund sue parent company of Snyder’s-Lance (BizJournals.com)
Activist investor Daniel Loeb and his hedge fund Third Point filed a lawsuit against Campbell Soup Co., alleging the Camden, New Jersey-based company misled and withheld information from shareholders. Campbell has been in a proxy battle with Loeb and Third Point since it announced in August it would sell two business divisions as a result of a months-long strategic portfolio review. Third Point, which has a 7 percent stake in Campbell, is seeking a sale of the company while blaming its poor performance to its incumbent board, which Third Point wants to replace with its own hand-picked 12 candidates.
Days After Attack, George Soros Jumps into New York Senate Battle (TimesUnion.com)
ALBANY – Liberal billionaire and philanthropist George Soros – a bogeyman on the political right and one of the targets of last week’s unsuccessful mail-bomb attacks – has jumped into the battle for the New York state Senate, Board of Elections records show. On Friday, a new labor-backed independent expenditure group, Progress NYS, reported taking in $100,000 from Soros, who founded the hedge fund Soros Fund Management.
Insider Selling: Mcdonald’s Corp (MCD) CEO Sells $35,323,232.49 in Stock (PressOracle.com)
Mcdonald’s Corp (NYSE:MCD) CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $175.63, for a total transaction of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: GTT Communications Inc (GTT) Major Shareholder Purchases $17,583,555.00 in Stock (FairFieldCurrent.com)
GTT Communications Inc (NYSE:GTT) major shareholder Spruce House Partnership Lp acquired 524,100 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $33.55 per share, with a total value of $17,583,555.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Insider Buying: Butler National Co. (BUKS) Major Shareholder Acquires $18,325.00 in Stock (MareaInformativa.com)
Butler National Co. (OTCMKTS:BUKS) major shareholder Joseph Patrick Daly acquired 73,300 shares of Butler National stock in a transaction on Thursday, October 25th. The shares were bought at an average price of $0.25 per share, with a total value of $18,325.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Insider Buying: Amicus Therapeutics, Inc. (FOLD) Major Shareholder Acquires 50,000 Shares of Stock (PressOracle.com)
Amicus Therapeutics, Inc. (NASDAQ:FOLD) major shareholder Life Sciences Maste Perceptive acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was purchased at an average price of $12.59 per share, with a total value of $629,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Insider Buying: Fluidigm Co. (FLDM) Insider Acquires $71,726.40 in Stock (FairFieldCurrent.com)
Fluidigm Co. (NASDAQ:FLDM) insider Levin Capital Strategies, L.P. purchased 9,962 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $7.20 per share, for a total transaction of $71,726.40. The acquisition was disclosed in a legal filing with the SEC.
Insider Selling: ServiceNow Inc (NYSE:NOW) Director Sells 32,500 Shares of Stock (PressOracle.com)
ServiceNow Inc (NYSE:NOW) Director Frederic B. Luddy sold 32,500 shares of the stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $174.56, for a total value of $5,673,200.00. Following the sale, the director now owns 282,383 shares of the company’s stock, valued at approximately $49,292,776.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
