Bill Ackman’s Pershing Square IPO Scrapped on Lack of Interest
Billionaire Bill Ackman’s hedge fund management firm Pershing Square USA won’t go public after all. The company withdrew its initial public offering (IPO) just...
Bank of England Cuts Rates for the First Time in 4 Years
The Bank of England (BoE), central bank of the United Kingdom, has cut its interest rates on Thursday by a quarter-point to 5%. This...
Chevron’s Acquisition of Hess Suffers Another Setback
Energy giant Chevron’s proposed acquisition of crude oil and natural gas company Hess has been met with yet another major obstacle. The arbitration hearing...