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…
Trian and P&G highlight activist-corporate collaboration after ‘fog of war’
NEW YORK (Reuters) – Eighteen months after officially burying the hatchet in one of America’s most bitter proxy contests, Procter & Gamble Co (PG.N) CEO David Taylor and billionaire investor…
Airbnb plans stock market splash in 2020
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo (Reuters) – Home rental giant Airbnb said it plans…
Activist Jana to push again for changes at Outback owner Bloomin’ Brands
BOSTON (Reuters) – Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’ Brands Inc , returning for the second time in nearly…
Oil falls ahead of hurricane but posts weekly gain as U.S.-China trade war eases
NEW YORK (Reuters) – Oil futures fell on Friday, with U.S. crude down nearly 3% ahead of a hurricane near the Florida coast that could dampen demand, but prices were…
Juul raises over $750 million in expanded funding round
FILE PHOTO: A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar (Reuters) –…
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
NEW YORK (Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and is hopeful it can beat off rival bidders to secure…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott Minerd. But funds run by these star investors are lagging…
Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA (NESN.S) to Campbell Soup Co (CPB.N), has amassed a stake…
DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and…