Wednesday, 20 August 2014
Last updated 7 hours ago
Nov 4 2013 | 11:11am ET
The Children's Investment Fund has found itself in an unusual position with regard to the European Aeronautic, Defense and Space Co.: full-throated support for its management.
TCI took a 1% stake in the Airbus parent this summer, pushing it to rid itself of its 46% stake in Dassault Aviation. EADS is thought to want to do so, but is currently blocked from divesting itself of Dassault under a warehousing agreement with the French government.
Despite that potential setback, TCI chief Christopher Hohn last week offered lavish praise for EADS CEO Thomas Enders and his "aggressive" cost-cutting plans.
"We believe the company is in the process of doubling and tripling its profitability," Hohn told the Ira Sohn Conference in London.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note