Elliott Has $1 Billion Phillips 66 Stake, Seeks Board Seats
Activist investor Elliott Investment Management has built a $1 billion stake in Phillips 66 and plans to push
2023-11-29 22:19
US Economy Grew 5.2% in Third Quarter, More Than First Estimated
The US economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward
2023-11-29 22:15
LetterOne Tycoon German Khan Loses Challenge to EU Sanctions
German Khan, co-founder of investment firm LetterOne, lost a court challenge against European Union sanctions over his alleged
2023-11-29 21:49
GM to Hike Dividend, Buy Back $10 Billion of Slumping Stock
General Motors Co. will boost its dividend by 33% and repurchase $10 billion of shares — its biggest-ever
2023-11-29 20:59
Barclays Bankers on Edge as Town Hall Lays Out Overhaul Challenge
For traders and investment bankers inside Barclays Plc, the message came from on high: Their unit is sucking
2023-11-29 20:45
Philippines Markets Debut Islamic Bond Helped by Drop in Spreads
The Philippines marketed its first US-currency Islamic note, aiming to expand its funding base and capitalizing on a
2023-11-29 20:23
Futures gain as investors cheer rate cut prospects
By Shristi Achar A and Amruta Khandekar (Reuters) -U.S. stock index futures rose on Wednesday as Treasury yields slipped to
2023-11-29 20:15
Sibanye Cuts US Jobs to Lower Costs After Palladium Slumps
Sibanye Stillwater Ltd. plans to cut jobs at its US platinum-group metals operations to lower costs, after palladium
2023-11-29 19:46
GameStop shares climb on strong volume
Shares of retail traders' darling GameStop jumped 12.5% in strong premarket trading volume on Wednesday, looking to build
2023-11-29 19:45
GM to buy back $10 billion in shares, cut Cruise spending
By David Shepardson General Motors said on Wednesday it will buy back $10 billion in shares and boost
2023-11-29 19:45
State Street adds option to fully back corporate boards
By Ross Kerber BOSTON State Street's asset-management arm will give retail investors an option to fully back corporate
2023-11-29 19:22
Toyota group to sell 8% Denso stake, investors want more unwinding
By Daniel Leussink TOKYO (Reuters) -Toyota and two affiliates will divest at least 8% of supplier Denso, the companies said
2023-11-29 19:16