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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

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees

Proxy advisory firm Glass Lewis said on Thursday Enhabit shareholders should elect three AREX Capital Management director candidates to the nine-member board.

Proxy advisor Glass Lewis advises Enhabit investors to elect three AREX nominees
Business|Economy|Finance

Activist AREX Capital wins one seat in proxy fight at Enhabit

Enhabit investors elected one of AREX Capital Management's director nominees after the activist investor called on them to replace seven of the home health and

Activist AREX Capital wins one seat in proxy fight at Enhabit
Business|Finance|US

Ackman cuts new fund's target size, asks investors to commit

Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing

Ackman cuts new fund's target size, asks investors to commit
Business|Finance|News|Stock Markets|US

Debut of Bill Ackman's new fund delayed but expected to proceed

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman's new U.S. fund, Pershing Square USA, has been delayed, without

Debut of Bill Ackman's new fund delayed but expected to proceed
Business|Finance|Stock Markets|US

Ackman's Pershing Square fund sets $2 billion target for US IPO

Hedge fund manager Bill Ackman said on Tuesday that is his new portfolio in the United States will raise roughly $2 billion in capital, a fraction

Ackman's Pershing Square fund sets $2 billion target for US IPO
Business|Economy|Finance

JPMorgan promotes Porretti, Novak to co-head shareholder engagement as more activist campaigns loom

JPMorgan Chase on Tuesday tapped veteran bankers Alfredo Porretti and Darren Novak to co-head its global shareholder engagement and M&A capital markets

JPMorgan promotes Porretti, Novak to co-head shareholder engagement as more activist campaigns loom
Business|Economy|Finance|US

Billionaire Ackman pulls IPO of Pershing Square USA days before debut

Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock

Billionaire Ackman pulls IPO of Pershing Square USA days before debut
Business|Finance|US

Elliott breaks down Southwest ownership in new regulatory filing

Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines, giving a breakdown of what

Elliott breaks down Southwest ownership in new regulatory filing
Business|Finance|US

US government ends probes into Muddy Waters' Carson Block, sources say

U.S. authorities have told Carson Block that they have ended their civil and criminal investigations into the short seller’s activities

US government ends probes into Muddy Waters' Carson Block, sources say
Business|Food|News|US

Starbucks taps Chipotle's Niccol as CEO in surprise move, shares soar

Starbucks on Tuesday named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive

Starbucks taps Chipotle's Niccol as CEO in surprise move, shares soar
Business|Finance|US

Elliott targets Southwest Airlines board in bid to shake up leadership

Elliott Investment Management has launched a boardroom battle at Southwest Airlines seeking to replace 10 of 15 directors, as the hedge fund pushes to oust

Elliott targets Southwest Airlines board in bid to shake up leadership
Business|Finance|Health|Stock Markets|US

Hedge fund Sachem Head built CVS stake during second quarter

Investment firm Sachem Head Capital Management built a new stake in CVS Health Corp during the second quarter when the healthcare company's stock price

Business|Finance

Elliott, Southwest to meet in September as firm lays out case for change

Elliott Investment Management and Southwest Airlines will meet early next month for the first time to discuss potential changes at the airline, both

Elliott, Southwest to meet in September as firm lays out case for change
Business|Finance|US

Elliott now owns enough of Southwest Airlines to call special meeting

Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting

Elliott now owns enough of Southwest Airlines to call special meeting
Business|Finance

Former Moelis, Barclays activism defense bankers to build business at Jasper Street

Two Wall Street bankers are joining Jasper Street Partners to build the firm's practice helping clients defend against activist investors by identifying

Former Moelis, Barclays activism defense bankers to build business at Jasper Street
Business|Finance|News|Stock Markets|US

Starboard files proposal at News Corp, seeks to break Murdoch's grip

Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp, the

Starboard files proposal at News Corp, seeks to break Murdoch's grip
Business|Finance|US

Retail, consumer CEOs see shorter tenures as boards act more quickly

When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more

Retail, consumer CEOs see shorter tenures as boards act more quickly
Business|Finance|US

JPMorgan CEO Jamie Dimon says succession is his most important task

JPMorgan Chase is focused on succession planning and has a cadre of "extremely" qualified people who are prepared to run the

JPMorgan CEO Jamie Dimon says succession is his most important task
Business|Environment|News|US

Exxon CEO Woods' message to future shareholder activists: follow the rules

Exxon CEO Darren Woods on Tuesday had warning words for activist shareholders thinking to emulate those who filed a climate-related

Exxon CEO Woods' message to future shareholder activists: follow the rules
Business|US

Norfolk Southern terminates CEO, appoints CFO to lead company

Norfolk Southern on Wednesday fired its chief executive officer, Alan Shaw, and promoted its chief financial officer to run the railroad after an internal

Norfolk Southern terminates CEO, appoints CFO to lead company
US

Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says

Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace

Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Business|Finance|US

Florida-based fund managers ride out Hurricane Milton and remain committed to the state

Florida's sun and low taxes enticed many hedge funds and other financial professionals to move south.

Florida-based fund managers ride out Hurricane Milton and remain committed to the state
Business|Finance|US

Pfizer fight with Starboard heats up, hedge fund alleges executive pressure

The corporate clash between Pfizer and Starboard Value heated up on Thursday when the activist investment firm pressed the U.S. drugmaker to

Pfizer fight with Starboard heats up, hedge fund alleges executive pressure
Business|Finance|US

Pfizer fight with Starboard heats up, hedge fund alleges executive pressure

The corporate clash between Pfizer and Starboard Value heated up on Thursday when the activist investment firm pressed the U.S. drugmaker to

Pfizer fight with Starboard heats up, hedge fund alleges executive pressure
Business|Finance|Stock Markets|US

Elliott takes Southwest fight to shareholders, nominates eight directors

Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new

Elliott takes Southwest fight to shareholders, nominates eight directors

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