Doubts are growing about the Reaction Engines rescue deal with the UAE Fund Business News – Uptrends

Doubts are growing about the Reaction Engines rescue deal with the UAE Fund Business News

 – Uptrends

The prospects of a rescue deal for Britain’s hypersonic aviation pioneer appeared to have dimmed this weekend when it emerged that talks with a Gulf-based government fund had stalled. Sky News has learned that negotiations between Reaction Engines and the UAE Strategic Development Fund, the investment arm of the Emirati Tawazun Council, about consolidating the … Read more

Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

Herbalife stock: Activist hedge fund billionaire Bill Ackman claims victory amid 32% plunge – Uptrends

Pershing Square’s Bill Ackman folded on his short bet against Herbalife Ltd nearly six years ago but he’s calling Thursday’s record tumble a win. The stock of the weight-loss shakes and vitamins seller plunged 32% to a 14-year low, after a quarterly earnings report that fell short of analyst expectations. In the last six months, … Read more