Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply.
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company.
The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains.
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company.
Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.
Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest wildfire.
Several prominent investors raised their stakes in General Electric Co in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday.
General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday.
Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook cannot be trusted to regulate itself and Congress should take action.
InnerScope’s “Grand Opening” of its Roseville, California audiological hearing aid retail clinic is the first of 22 new audiological hearing aid retail clinics planned within Northern California in the next 6 to 12 months as […]
Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.
Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said.
PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face “significant liability” in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower.
Lockheed Martin Corp has won a preliminary contract valued at as much as $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday.
Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives.
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