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…
Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) said on Tuesday it will start talks soon to end the contract of current Chief Executive Guido Kerkhoff, whose brief tenure at the submarines-to-car-parts group…
Commerzbank planning to cut 4,300 jobs as part of strategic review
FILE PHOTO: A sign for an ATM of Commerzbank is seen next to the headquarters of Deutsche Bank (R) in Frankfurt, Germany, March 19, 2019. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) –…
Argentina curbs banks’ access to pesos amid growing market turmoil
BUENOS AIRES (Reuters) – Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said…
Shares rally, bond yields rise as China fuels trade deal hopes
NEW YORK (Reuters) – U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning…
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly…
PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital
FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – Power producer PG&E…
Exclusive: J.C. Penney taps debt restructuring advisers – sources
(Reuters) – J.C. Penney Co Inc (JCP.N) has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) supervisory board will meet on July 7…