Fortescue Takes on Australia's Mining Tax in Court

Fortescue Metals Group Ltd., a producer of iron ore, will hold a lender meeting tomorrow at 9:30 a.m. in New York to discuss a $4.5 billion covenant-lite term loan it’s seeking to refinance debt, according to a person with knowledge of the transaction.
Bill Ackman Would Think ‘Very Hard’ Before Next Short Bet
35:10 - Bill Ackman, chief executive officer of Pershing Square Capital Management LP, talks about the value of shareholder activism, the restaurant franchise and pharamaceutical industries, investment strategy and his position on short selling after his campaign with Herbalife Ltd. Ackman also discusses the outlook for Fannie Mae and Freddie Mac. He speaks with Stephanie Ruhle on the sidelines of Sohn Foundation Conference in New York on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
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