SAN FRANCISCO (MarketWatch) � Hedge fund managers dominated the news Thursday, with David Einhorn�s Greenlight Capital filing a suit against Apple Inc. and Bill Ackman of Pershing Square releasing a comprehensive 40-page questionnaire-cum-dossier aimed at chipping away at Herbalife Ltd.�s credibility.
In the S&P 500 SPX , Akamai Technologies Inc. slumped by double digits and FLIR Systems Inc. was the biggest gainer.Top tickers trending
/quotes/zigman/68270/quotes/nls/aapl AAPL 468.22, +13.52, +2.97% Apple Inc.
$AAPL: Apple AAPL shares closed up 3% after it was sued by David Einhorn�s Greenlight Capital. Greenlight is urging the iPhone maker�s investors to oppose the company�s proposal to remove preferred shares from its charter. The move would �impede Apple�s ability to unlock shareholder value,� said the hedge fund in a statement. Einhorn sues Apple
In response, Apple said it is looking at ways to return additional cash to shareholders and added that the proposal Einhorn is objecting to does not prevent future issuance of preferred stock. Apple�s statement
$HLF: Herbalife HLF shares closed up 0.4%, paring earlier gains. Pershing Square�s Bill Ackman renewed his attack against the nutrition supplement company in a 40-page questionnaire that covered everything from how the company accounts for items on its ledger as well as specific questions about its operations. Ackman volleys 40-page questionnaire at Herbalife
Herbalife declined to comment on how and when it will respond to Ackman�s latest attack. Herbalife declines to comment
$GMCR: Shares of Green Mountain Coffee Roasters GMCR fell 5.4%. Late Wednesday, the company forecast sales growth for the current quarter that fell short of analyst forecasts. Green Mountain is a company that Einhorn has criticized in depth for allegedly inflating some of its numbers, including shipment of Keurig products. The coffee company has rejected Einhorn�s accusations. Read more on Green Mountain.Gainers
Cablevision Systems Corp. CVC shares gained 5.6%. The company is on the verge of selling its Optimum West division to Charter Communications, Bloomberg reported.
CBRE Group Inc. CBG shares rallied 9% after the company said Wednesday that its fourth-quarter earnings more than doubled to 53 cents a share from 25 cents a share a year ago. CBRE profit more than doublesClick to Play Goldman Sachs's top stock picks
In a recent report, investment bank Goldman Sachs & Co. published a list of the stocks with the greatest upside potential. Photo: AP
FLIR Systems FLIR shares added 10%. The producer of sensor systems on Thursday reported its fourth-quarter profit rose to 52 cents a share from 48 cents a share. �
Shares of O�Reilly Automotive ORLY surged 8.1%. The auto-parts retailer said on Wednesday fourth-quarter profit increased 8%, with revenue beating Wall Street estimates.Losers
Akamai Technologies AKAM shares plummeted 15%. The Internet-technology group was downgraded to a neutral rating from buy by Janney on Thursday. The company reported slowing fourth-quarter revenue growth on Wednesday that was below market expectations. Read more on Akamai.
Equifax Inc. EFX shares slid 6.5%. The company said Wednesday that its fourth-quarter profit fell to 38 cents a share from 61 cents a share a year earlier.
Teradata Corp. TDC shares shed 7.1%. The data storage company on Thursday reported fourth-quarter earnings rose on the back of an increase in consulting services revenue. It also forecast 2013 adjusted earnings of $3.05 to $3.20 a share with revenue growth of 6% to 10%. Analysts surveyed by Thomson Reuters projected earnings of $3.15 a share on a 10% revenue increase to $2.94 billion. Teradata earnings rise 14%