MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator.
Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.
Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world’s largest streaming service down 4 percent in after-hours trading.
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.
Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners.
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell
** Netflix’s shares down 4.5 pct at $337.46 in extended trading – if losses hold on Friday, stock set for its biggest 1-day fall so far this year
Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European Union.
Workers at German carmaker Audi’s plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they try to force the company to narrow the wage gap between their salaries and those of Western and regional peers.
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, hurt by higher expenses and provisions for credit losses.
Slack Technologies Inc’s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year.
JPMorgan Chase & Co CEO Jamie Dimon is receiving a 5 percent raise, bringing his total compensation for 2018 to $31 million, the company said in a filing on Thursday.
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