Business News
Australia’s Investa sets September 17 to decide on Blackstone bid
Investa Office Fund said it has set Sept. 17 as the date for its shareholders to vote on Blackstone Group’s sweetened A$3.3 billion ($2.4 billion) bid.
Month: September 2018
Business News
Viacom shares could rise even without a CBS merger: Barron’s
Shares of Viacom Inc could rise “at least” 20 percent over the coming year as the company’s strategy to revitalize itself for the digital age takes root, according to Barron’s.
Trading Ideas
China's Trade Outlook Darkens as U.S. Raises Stakes on Tariffs
Sep.09 — China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. On Friday, U.S. President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
Business News
CBS CEO Moonves resigns, company settles Shari Redstone, NAI lawsuit
CBS Corp CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment.
Business News
Roche faces UK pricing row over multiple sclerosis drug Ocrevus
Roche faces a fresh row over drug pricing in Britain, following a decision by the body responsible for medicine use within the state health service not to approve its drug Ocrevus for treating a highly disabling form of multiple sclerosis (MS).
Business News
SEC halts trading in two cryptocurrency products, citing market ‘confusion’
The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing “a lack of current, consistent and accurate information.”
Trading Ideas
How Do Social Security Retroactive Benefits Work?
Get the lowdown on this much-misunderstood feature of the Social Security program. …read more […]
Trading Ideas
Alibaba’s Jack Ma: Smart People Need a ‘Fool’ to Lead Them
Jack Ma, co-founder of Alibaba Group Holding Ltd., is expected to announce Monday his plans for stepping down from the e-commerce giant and handing over responsibilities to senior management. Since founding … …read more […]
Trading Ideas
Despite Trump tweet, Ford says it won't make hatchback in US
WASHINGTON (AP) — Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. …read more […]
Business News
Exclusive: Campbell Soup steps up CEO search, COO a contender – sources
Campbell Soup Co’s board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, as the company seeks to fend off a proxy challenge from Daniel Loeb’s hedge fund, Third Point LLC, people familiar with the matter said.
Trading Ideas
CBS settles lawsuit over company control; Moonves to resign: sources
CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday. The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public. The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on …read more […]
Trading Ideas
CBS settles lawsuit over company control; Moonves to resign – sources
CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday. The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public. The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on …read more […]
Trading Ideas
CBS CEO Moonves accused of sexual misconduct by more women in New Yorker story
Six additional women have raised assault and harassment claims against CBS Corp (CBS.N) Chief Executive Leslie Moonves in a media report published Sunday. The new disclosures come as the media company is expected to announce on Monday that Moonves is resigning following similar claims previously made by six other women against the executive, said sources familiar with the matter on Sunday, asking not to be identified because the plans have not been made public. The incidents, which the women said took place between the 1980s and early 2000s, were published in a New Yorker story and included claims …read more […]
Trading Ideas
Victoria's Secret is broken and its Pink franchise is in the 'early innings' of a long decline (LB)
Victoria’s Secret and its Pink branch, owned by L Brands, are in the “early innings” of a long decline, according to an analyst at Jefferies. The decline for Victoria’s Secret and its Pink branch, owned by L Brands, is just beginning, according to analysts from Jefferies. Victoria’s Secret’s August same-store sales dropped 5% compared to the previous year, below the 3.8% decrease expected. …read more […]
Business News
CBS settles lawsuit over company control; Moonves to resign: sources
CBS Corp has reached a deal to settle litigation over the control of the company with its controlling shareholder Shari Redstone and National Amusements Inc in a deal expected to be announced as early as before the markets open on Monday, sources familiar with the discussions said.