Bill Ackman expects to lead Howard Hughes Holdings after raising his takeover bid for the Texas-based real estate development and management company. Howard Hughes stock skidded lower in late Friday ...

Hughes began his business career at the age of nineteen by taking over his father’s business, Hughes Tool Company. Hughes parlayed this small business into a highly successful and well-regarded ...

He could buy a helicopter. All it took was money—usually about $45,000 of it. In late 1961 Hughes Tool Co. produced a turbine-powered two-seater model that sold for $22,500, but few commuters ...