Elliott renews call to split Marathon Petroleum
(Reuters) – Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp (MPC.N) to split into three companies, saying such a move would boost shareholder value by as…
U.S. new home sales increase more than expected in August
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from…
Aston Martin secures $150 million from bond issue
FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva, Switzerland, March 6, 2018. REUTERS/Denis Balibouse/File Photo LONDON (Reuters) –…
Sprint probed over U.S. low-income subsidies; shares slide 3.3%
WASHINGTON (Reuters) – Sprint Corp (S.N) received tens of millions of dollars in government subsidies for 885,000 low-income subscribers who were not using the service, the Federal Communications Commission said…
Stocks fall as Trump impeachment talk grows; sterling up after Brexit ruling
NEW YORK (Reuters) – A gauge of global stocks fell for a third day on Tuesday as a push by some Democrats for the impeachment of U.S. President Donald Trump…
Asian shares edge lower as U.S. House readies Trump impeachment inquiry
TOKYO (Reuters) – Asian stocks fell on Wednesday after the U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the…
WeWork’s Neumann surrenders control, CEO role following investor revolt
(Reuters) – WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp (9984.T) and other shareholders turned on…
Chipotle faces more labor complaints at New York City stores
NEW YORK (Reuters) – Chipotle Mexican Grill Inc is facing fresh claims that it violated New York City’s labor laws after the city sued the fast casual restaurant chain two…
UAW-GM picket lines become 2020 U.S. presidential campaign battleground
DETROIT/WASHINGTON (Reuters) – Democratic presidential candidate Bernie Sanders is scheduled to join United Auto Workers members on a picket line in Detroit on Wednesday, underscoring the extent to which the…
Oil drops to lowest since Aramco attacks after Trump scolds China
HOUSTON (Reuters) – Oil prices plunged more than 2% on Tuesday to their lowest since the Sept. 14 attacks on Saudi Arabia’s key oil facilities, after U.S. President Donald Trump…