Business & Finance News
Billionaire investor Daniel Loeb and fellow Campbell Soup Co shareholder George Strawbridge on Thursday called for a sale of the iconic U.S. food company best known for its canned soups, according to a regulatory filing.
Tesla Inc’s board of directors is seeking more information from CEO Elon Musk about the finance for his plan to take the U.S. electric car maker private, according to people familiar with the matter.
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy and financial shares.
Tesla Inc’s shares slipped nearly 5 percent on Thursday, wiping out the gains fueled by Chief Executive Elon Musk’s announcement of a plan to take the company private, after reports of concern by regulators and on doubt the deal could be done.
Billionaire investor Daniel Loeb’s hedge fund Third Point LLC disclosed on Thursday it has partnered with fellow Campbell Soup Co shareholder George Strawbridge to call for a sale of the iconic U.S. food company best known for its canned soups.
Online file storage firm Dropbox Inc signed up more paying subscribers in its second quarter as a public company than Wall Street was expecting.
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy shares.
Goldman Sachs Group Inc was sued on Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified, “notorious European businessman.”
The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.
Tesla Inc’s shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fueled by Chief Executive Elon Musk’s recent tweet announcing a plan to take the company private.
Hedge fund Glenview Capital Management on Thursday backed health insurer Cigna Corp’s deal to buy pharmacy benefit manager Express Scripts in the face of stiff opposition from activist investor Carl Icahn ahead of a shareholder vote.
Daniel Loeb’s activist hedge fund Third Point LLC is in talks to partner with Campbell Soup Co shareholder George Strawbridge to call for a sale of the U.S. consumer company, people familiar with the matter said on Thursday.
Tesla Inc’s shares slipped more than 6 percent to a two-day low on Thursday, to trade below its level before Chief Executive Elon Musk took to Twitter on Tuesday to announce he was considering taking the electric car maker private.
Tesla Inc Chief Executive Officer Elon Musk has held up his closely held space transportation company SpaceX as a model for taking his loss-making electric car company private, saying he wants existing Tesla investors to continue to hold stock.
Tesla shares down 2.7 percent in late morning trade as investors jittery about CEO Elon Musk’s plan to take co private for $420/shr, valuing co at more than $70 billion
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