Wall Street Weekahead: Record-breaking rally leaving energy stocks behind
NEW YORK (Reuters) – The stock market surge since the start of the year that has sent the benchmark S&P 500 index up to new record highs is leaving behind…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE…
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions…
Sony stock surges after Reuters reports Third Point re-building stake
TOKYO (Reuters) – Sony Corp shares surged more than 9 percent on Tuesday after a Reuters report saying Third Point LLC was again raising its stake in the Japanese conglomerate…
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six…
Sony shares surge after Reuters reports Third Point building stake again
FILE PHOTO: A shopper looks at Sony Corp’s Bravia television monitors at an electronics store in Tokyo June 20, 2013. REUTERS/Issei Kato TOKYO (Reuters) – Sony Corp shares surged more…
Oil rises to 2019 highs as demand outlook improves
NEW YORK (Reuters) – Oil climbed about 2 percent to new 2019 highs on Monday, with Brent crude touching $69 a barrel, after positive signs for the global economy and…
Starboard gauges Bristol-Myers shareholder support for Celgene deal
(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74…
Asset managers brace for more job cuts amid market turbulence
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. FILE PHOTO: People walk through the financial district during…
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
(Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens…