Jana Partners is trying to block an expensive merger between two energy companies. The Barry Rosenstein-led activist hedge fund announced a 5.8 percent stake in Pittsburgh-based EQT Corporation on Monday, and is pushing the company to abandon its announced $6.7 billion acquisition of Rice Energy. The hedge fund is hoping to get more shareholders on...
NYS Entity Status
NYS Filing Date
MAY 20, 2013
NYS DOS ID#
RICHARD J ROY
45 ROCKEFELLER PLAZA
NEW YORK, NEW YORK, 10020
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - LUCROR ENERGY AND INFRASTRUCTURE GROWTH AND INCOME FUND, L.P.
AROUND THE WEB
- Jana Partners tries blocking pricey energy company merger
By Carleton English - Monday Jul 3, 2017
- Hopes of ‘Trump Bump’ for economy shrink as growth forecasts fade
By Nelson D. Schwartz - Thursday Jul 6, 2017
While the June jobs report, coming Friday, is expected to show that hiring continued at a healthy pace last month, other recent indicators in areas like consumer spending, construction and auto sales have been decidedly less robust.While hardly terrible, it is not the burst of growth — a “Trump bump” — that many expected to result from an upturn in consumer and business sentiment after President Trump’s election.[...] the Federal Reserve Bank of Atlanta’s widely followed GDP Now forecast expects the second-quarter growth figure to come in at 3 percent, more than a full percentage point below where it was in May.“We never seem to have the rebound that people anticipate,” said Stephanie Pomboy, an independent economist in New York who has been skeptical about initially rosy forecasts favored by many of her colleagues in recent quarters.Far from living up to expectations of a lift after Trump’s election, the growth rate in the first quarter turned out to be an anemic 1.4 percent.The indicators that Trump highlighted in recent messages on Twitter are indeed pointing in the right direction — strong job creation, a record high for the Dow Jones industrial average and low gasoline prices.Experts say that without a meaningful change in government policies — greater infrastructure investment, an overhaul of the corporate tax code, a new commitment to improve the skills of American workers — there is no reason to expect the domestic outlook to change.With higher borrowing costs practically inevitable in the future, Anderson said, “the real tragedy is that the price tag for any future infrastructure spending will be a lot higher.”Pomboy pointed out that changing consumer habits in the wake of the financial crisis and the recession — notably an increased wariness about spending and taking on debt — also explain what is looking more and more like a long-term downshift.The household savings rate, which bottomed out at 2.2 percent amid the housing bubble in 2005, now stands at 5.5 percent.In addition to being more cautious about spending in general and about borrowing against their homes in particular, Pomboy said, consumers are holding back on discretionary purchases because of the rising health insurance premiums and medical costs as well as onerous student debt payments.Nariman Behravesh, chief economist at IHS Markit, goes so far as to say, “we’re chugging along here,” citing healthy income growth and hiring, as well as a strong housing market.Macroeconomic Advisers, a St. Louis research firm whose crystal ball is highly regarded among forecasters, began the second quarter by calling for 3.6 percent growth but now estimates the rate will be more like 2.5 percent.
- Rapper Common surprises students at NY school, donates money
By MESFIN FEKADU, AP Music Writer - Thursday Jul 20, 2017
Rapper Common surprises students at NY school, donates moneyNEW YORK (AP) — Oscar and Grammy winner Common surprised a group of New York students by donating $10,000 to help their teachers buy supplies like calculators and science kits.The rapper-actor partnered with the nonprofit AdoptAClassroom.org and Burlington Stores to give Renaissance School of the Arts in Harlem the funds on Thursday.Jadon-Li M. Antoine, an aspiring musician, actor and dancer, said Common's visit motivates him to keep aiming for his dreams.Burlington has been raising money from its 599 stores to help other schools, asking customers to donate $1 or more.
- $325 Million Raised for Impact Investment Fund
By email@example.com (Kyoko Uchida) - Tuesday Jul 11, 2017
Co-founded by Bono, Jeff Skoll, and Bill McGlashan, the Rise Fund will focus on agriculture, education, energy, finance, health care, infrastructure, and technology....
- Paul Singer to challenge Warren Buffett on acquisition
By Carleton English - Tuesday Jul 11, 2017
Activist hedge fund investor Paul Singer thinks he can put together a better deal than Warren Buffett for Oncor’s bankrupt parent, Energy Future Holdings. Singer’s Elliott Management — Energy Future’s largest creditor — believes the $9 billion bid by Buffett’s Berkshire Hathaway doesn’t fully value the assets, it said in documents on its Web site....
- Subway Delays, Again, Disrupt Commutes; L.I.R.R. Will Offer Some Discounts
By EMMA G. FITZSIMMONS - Tuesday Jun 20, 2017
In what has become a seemingly weekly ritual, a series of problems cropped up across the city during the morning rush, including signal issues and a train with mechanical problems.