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By Mike Taylor 12/08/10 4:04pm

Ack Attack

Bill Ackman’s Spirited Intervention and Fortune Brands’ Breakup

Fortune Brands, the weird amalgam of sporting, liquor and faucet companies, is breaking into three pieces. Somewhere, billionaire investor Bill Ackman is probably doing a fist pump of joy.

By The Wall Street Journal‘s tally, Mr. Ackman has already gained about $300 million by trading in Fortune shares:

In pre-market trading, Fortune Brands are Read More

By Mike Taylor 10/12/10 6:26pm

Could Bill Ackman Be Trying to Yank Jim Beam From Fortune’s Grasp?

A fun bit of speculation from Reuters Breaking Views posits a motive behind Bill Ackman’s big bet on Fortune Brands, the maker of bourbon, golf balls and bathroom fixtures: Time to separate those disparate businesses, and maybe sell them off to other firms for a healthy profit.

Pointing out that whiskey, golf equipment and Read More

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    Get Life Advice From AJ Jacobs And His Facebook 'Friends'

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    5Pointz Backfire: Developer Blasted For Taking Back Building He Let Artists Use for Decades

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    Permission to Splurge: Whole Foods Isn't Just About Where You Buy Your Food; It's About Who You Think You Are

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    Abercrombie and Fitch Finally Apologizes for CEO's Awful Comments

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