Appaloosa Management

The return of the swashbuckling value investor

Not so long ago, the most vaunted value investors--the likes of Bill Miller and several others--saw bank and financial stocks dropping toward book value and figured the worst was over. They were

Hedge funds line up behind Icahn on Yahoo

Yahoo may have been able to stare down Microsoft at the bargaining table, but we may yet see big M&A fees from a deal. The catalyst in all this remains Carl Icahn. Following his lead, an all-star