Year: 2019

Hedge fund Luminus Management said on Monday that it plans to call a special shareholder meeting at Valaris PLC and press for broader improvements at the offshore contract drilling services company which promised its own changes two weeks ago. Valaris’ stock price surged 12% on Monday to trade at $4.40 after Luminus publicly called on the company to improve operations, refresh the board and shore up governance. The hedge fund also wants management to “take a holistic and balanced approach to managing (it’s) capital structure, with a specific focus on ensuring liquidity, pushing out debt maturities and effectively …read more […]

Q2 2020 Orion Energy Systems Inc Earnings Call …read more […]

Plants reduce hours to save money, research finds. …read more […]

Charles Schwab officially announced it will buy rival TD Ameritrade in a deal valued at roughly $26 billion. Pence Capital Management’s CIO Dryden Pence joins Akiko Fujita on The Ticker to discuss. …read more […]

Goldman Sachs forecasts the S&P 500 index could potentially rise by 5% in early 2020, as long as the U.S. bull market enters its 11th year. Dan Wantrobski, Research Director at Janney Montgomery Scott, joins Akiko Fujita on The Ticker to discuss. …read more […]

Mexican President Andres Manuel Lopez Obrador said on Monday Spanish bank Santander will stop charging commissions as of Tuesday on remittances sent by migrants to their relatives in Mexico. Santander Executive Chairman Ana Botin “promised us this year that the bank would not charge commissions on remittances that our citizens in the United States send to their families,” Lopez Obrador said, sitting alongside Botin. …read more […]

(Bloomberg) — Tesla Inc.’s Elon Musk plainly says his pickup is a “better truck than an F-150.” Ford Motor Co. is taking issue with that claim.While releasing a series of specs last week for Cybertruck, which is scheduled to start deliveries as soon as late 2021, Musk called up a video of the the pickup in a tug-of-war against Ford’s best-selling F-150. He tweeted a clip of the test on Sunday showing his vehicle pulling a screeching Ford model up a hill.Ford thinks Musk was making an apples-to-oranges comparison. The video the Tesla chief executive officer tweeted appears to show …read more […]

The start to the holiday shopping season may kick off with a bang. …read more […]