Category: Trending

Staten Island Ferris wheel project is spinning out of control

The giant Staten Island Ferris-wheel project is spinning out of control. The design team building the 630-foot-high New York Wheel on the borough’s north shore got into a bitter pay dispute with the developer — and walked off the job in late May. The developer then made desperate pleas to a federal judge to get the …

Fifty years of the Advanced Test Reactor at INL | Columns

On the wall in my office hangs a picture of what appears to be an ordinary fellow. His short, dark hair is combed back in typical 1960s fashion and the spectacles, coat and tie give him a decidedly establishment look. Looking at his picture could lead you to believe that this man was an inside-the-box type, …

Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé

Third Point disclosed that it owned about 40 million shares in Nestlé, a stake that amounts to about $3.5 billion in stock. That would make the hedge fund the Swiss company’s sixth-largest shareholder, according to Standard & Poor’s Global Market Intelligence. Continue reading the main story Behind Third Point’s investment in Nestlé is a conviction that …