Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
NYS Entity Status
NYS Filing Date
JULY 25, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - FIRST STERLING INVESTOR 125 LLC
AROUND THE WEB
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
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By MICHAEL J. de la MERCED and ALEXANDRA STEVENSON - Friday Jun 16, 2017
John Mackey wanted to fight off the activist investors attacking Whole Foods. He found a savior in Amazon, a company blamed for laying waste to retailers.
- Trump Meeting Putin Won't Make Russian Investments Great Again
Wednesday Jul 5, 2017
As Donald Trump and Vladimir Putin get set for their first face-to-face meeting, investors are left to ponder how little things change in Russia
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Friday Jun 23, 2017
One solution is to abstain from voting, leaving decisions to those with an incentive to be informed.
- Japan’s Gree shuts down three overseas offices, cuts 125 jobs
By Mike Minotti - Friday Jul 7, 2017
Japanese mobile company Gree is ending its operations in the West, shutting down three studios and cutting 125 jobs. Gree is shuttering its offices in San Francisco, Melbourne, and Berlin, according to an anonymous source. The mobile company will focus on a Japan-first strategy going forward, although it will still support games released in the […]
- Progress elusive in neighborhood rocked by police shooting
By MICHAEL KUNZELMAN, Associated Press - Tuesday Jul 4, 2017
(AP) — A year ago, Abdullah Muflahi rushed outside his convenience store, whipped out his cellphone and began taping moments before a white police officer shot and killed a black man in the parking lot.Muflahi's video fueled nightly protests that turned his friend, 37-year-old Alton Sterling, into another symbol of outrage over deadly police shootings.The July 5 shooting also transformed Muflahi's store into a hub for protesters and a canvas for their grief and anger.Visitors routinely stop by the Triple S Food Mart to photograph an iconic mural of Sterling's smiling face on its aluminum siding.A makeshift memorial — now reduced to soggy stuffed animals and withered flowers — still stands on the table where Sterling once sold homemade CDs outside.Little has changed in this poverty-stricken neighborhood since the shooting — a frustrating fact of life for residents and business owners who had hoped a national spotlight on their problems could erode racial divisions and improve police relations in Louisiana's capital.After Sterling's death, James and other black lawmakers secured legislation — since signed into law — to strengthen police training requirements and prevent disgraced officers from keeping their jobs or getting new ones elsewhere.Arthur "Silky Slim" Reed, an activist who orchestrated the release of the first cellphone video after Sterling's shooting, said he believes police officers will ignore policy changes unless they face consequences for violating them.