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Today: January 24, 2025
Today: January 24, 2025
Svea Herbst-Bayliss

Svea Herbst-Bayliss

Staff Writer

Latest From Svea Herbst-Bayliss

Business|Finance|Stock Markets|US

Analysis-Big investors say US markets rally could prove short-lived

The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to

Analysis-Big investors say US markets rally could prove short-lived
Business|Economy|Finance

Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its

Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
Business|Finance

Activist investor Ubben shutting down Inclusive Capital-sources

Jeff Ubben, one of Wall Street's most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed

Activist investor Ubben shutting down Inclusive Capital-sources
Business|Finance

Exclusive-Activist investor Blackwells plans Wendy's board challenge-sources

Activist hedge fund Blackwells Capital is preparing to challenge Wendy's Co's board of directors in a push for improvements to the fast food chain's financial

Exclusive-Activist investor Blackwells plans Wendy's board challenge-sources
Business|Finance

Jana Partners calls for strategic review, possible sale at Frontier Communications -letter

Activist investment firm Jana Partners is urging Frontier Communications to begin a strategic review, including a possible sale of the telecommunications company,

Jana Partners calls for strategic review, possible sale at Frontier Communications -letter
Business|Finance

Icahn aims to remove Illumina's legacy directors - letter

Activist investor Carl Icahn said on Monday that he plans to oust directors at Illumina, signalling plans to mount a second board challenge at the gene-sequencing

Icahn aims to remove Illumina's legacy directors - letter
Business|Finance

Exclusive-Blackwells to nominate board directors at Disney, rivaling Trian -sources

Activist hedge fund Blackwells Capital will nominate three directors at Walt Disney Co, rivaling Trian Fund Management which is seeking two seats on the

Exclusive-Blackwells to nominate board directors at Disney, rivaling Trian -sources
Business|Finance|Stock Markets

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

"Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off
Business|Finance

Land & Buildings nominates 3 candidates in Ventas board challenge

Activist investor Land & Buildings Investment Management has nominated three director candidates at Ventas, the owner of senior housing communities confirmed

Land & Buildings nominates 3 candidates in Ventas board challenge
Business|Education|Finance

Harvard mega donor Ken Griffin has halted donations to school

Billionaire investor Kenneth Griffin, who has donated more than half a billion dollars to Harvard University, has halted his giving to the school over how it handled

Harvard mega donor Ken Griffin has halted donations to school
Election|Finance|US

Investor Griffin gave $5 million to pro-Haley group in January - source

Hedge fund billionaire Kenneth Griffin gave $5 million to an outside group supporting Republican presidential candidate Nikki Haley this month, a

Investor Griffin gave $5 million to pro-Haley group in January - source
Business|Finance

Exclusive-Engaged Capital gains support of VF heirs to shake up North Face owner

Activist investor Engaged Capital has the backing of the founding family of VF Corp in its push for board seats and faster change at the struggling owner of the

Exclusive-Engaged Capital gains support of VF heirs to shake up North Face owner
Business|Finance|Stock Markets|US

North Face maker VF to shake up board with Engaged Capital input

VF Corp, the owner of the North Face, Vans and Timberland brands, said on Tuesday it will appoint one new board member and select a second with input from activist

North Face maker VF to shake up board with Engaged Capital input
Business|Finance|Stock Markets

Loeb's Third Point to delve into private credit investing as a 'complement'

Hedge fund manager Daniel Loeb's firm Third Point will invest in private credit this year as it bets on positive conditions for both credit and equity markets in

Loeb's Third Point to delve into private credit investing as a 'complement'
Business|Finance|Stock Markets|US

Illumina, already facing pressure from Icahn, saw other activists at year end

Gene-sequencing company Illumina, which was pushed to make changes by Carl Icahn last year, had two additional activist investors in its stock at the end of

Illumina, already facing pressure from Icahn, saw other activists at year end
Finance

Exclusive-Ancora seeks four board seats at Elanco amid push for changes, sources say

Investment firm Ancora Holdings is pushing for four board seats at Elanco Animal Health and wants to replace the chief executive at the company that makes medicines

Exclusive-Ancora seeks four board seats at Elanco amid push for changes, sources say
Business|Finance

Proxy advisor ISS backs Starbucks in board challenge from labor group

Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp by recommending that investors elect all of

Proxy advisor ISS backs Starbucks in board challenge from labor group
Business|News|US

Proxy advisor Glass Lewis backs Starbucks in proxy fight with union

Starbucks on Friday picked up fresh support in its board room fight with a coalition of labor unions over how it reacted to efforts to unionize and the

Proxy advisor Glass Lewis backs Starbucks in proxy fight with union
Business|Entertainment|Finance|US

Trian blames 'poor oversight' for Disney's problems in its push for board seats

Billionaire U.S. investor Nelson Peltz on Monday said media and entertainment company Walt Disney had gambled away a "winning hand" and blamed "poor oversight" from

Trian blames 'poor oversight' for Disney's problems in its push for board seats
Business|Food|US

Exclusive-Labor unions end Starbucks boardroom fight after progress on bargaining

A coalition of labor unions is ending its boardroom fight at Starbucks after the coffee chain last week agreed to work toward reaching labor agreements, two sources

Exclusive-Labor unions end Starbucks boardroom fight after progress on bargaining
Business|Finance

Exclusive-Marathon Partners urges Becle to move share listing, consider alternatives

Marathon Partners Equity Management wants spirits company Becle SAB de CV, the world's largest tequila producer, to move its listing from Mexico to the United States

Exclusive-Marathon Partners urges Becle to move share listing, consider alternatives
Business|Economy|Finance|US

Dealmakers see 'green shoots' in M&A activity in election year after 2023 doldrums

Mergers and acquisitions activity is poised to rebound later this year after a sluggish 2023 as the Federal Reserve is expected to cut

Dealmakers see 'green shoots' in M&A activity in election year after 2023 doldrums
Business|Finance|US

Exclusive-Icahn drops Illumina board challenge threat, sources say

Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina's board, sparing the U.S. gene sequencing company

Exclusive-Icahn drops Illumina board challenge threat, sources say
Business|Finance

Exclusive-Macy's opens its books in company sale talks, sources say

Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential

Exclusive-Macy's opens its books in company sale talks, sources say
Business|Finance|US

Big names back Disney at critical time in activists' battle

What do George Lucas, Jamie Dimon and the family of Walt Disney have in common?

Big names back Disney at critical time in activists' battle

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