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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|US

Verizon bid for Frontier faces investor skepticism, sources say

Some of Frontier Communications' largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-

Verizon bid for Frontier faces investor skepticism, sources say
Business|Finance|US

Pfizer taps Vanguard veteran for board amid fight with Starboard

Pfizer appointed a former chief executive officer at Vanguard, the drug giant's biggest investor, to its board on Tuesday as it faces pressure from activist

Pfizer taps Vanguard veteran for board amid fight with Starboard
Business|Finance

Loeb's Third Point built stake in DSV in Q3, sees 'significant upside'

Billionaire hedge fund manager Daniel Loeb told investors on Thursday that his firm Third Point built a new stake in DSV A/S during the third quarter and he

Loeb's Third Point built stake in DSV in Q3, sees 'significant upside'
Business|Finance|Stock Markets|US

Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins

Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov.

Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins
Business|Education|Finance|US

Harvard endowment grows to $53.2 billion on strong returns during turbulent year

Harvard's endowment fund, the world's largest university endowment, grew to $53.2 billion in fiscal 2024 amid strong investment returns even though endowment

Harvard endowment grows to $53.2 billion on strong returns during turbulent year
Uncategorized

Activist Jana builds Lamb Weston stake, pushes for possible sale

Jana Partners has built a new position in Lamb Weston and may push the french-fry maker to consider selling itself, the activist investment firm said in a regulatory

Business|Finance|Stock Markets|US

Starboard takes stake in consumer products maker Kenvue, sources say

Hedge fund Starboard Value has taken a stake in Kenvue, the consumer products company that makes Band-Aid, Listerine, and Tylenol, and which went public last year,

Starboard takes stake in consumer products maker Kenvue, sources say
Business|Finance|Stock Markets

Starboard says Kenvue's skin health segment weighing on performance

Hedge fund Starboard Value called consumer products company Kenvue a bargain and said its skin health and beauty segment's lackluster growth is the reason for the

Starboard says Kenvue's skin health segment weighing on performance
Business|Finance

Starboard Value CEO says Pfizer's board should hold management accountable

Activist hedge fund Starboard Value's chief executive officer said on Tuesday that drugmaker Pfizer's board needs to hold management

Starboard Value CEO says Pfizer's board should hold management accountable
Business|Finance|Stock Markets|US

Impactive Capital bets on SLM and Basic Fit for long-term gains

Impactive Capital doesn't push companies to sell but wants them to do better on their own, co-founder Lauren Taylor Wolfe said on Tuesday, citing student

Impactive Capital bets on SLM and Basic Fit for long-term gains
Business|Finance

Five9 faces pressure from activist Legion on costs, board seat, sources say

Legion Partners has built a stake in Five9 and is pushing for a board seat and cost cuts, two sources familiar with the matter said on Tuesday, making it

Five9 faces pressure from activist Legion on costs, board seat, sources say
Business|Finance

Corvex founder Meister sees big upside for stocks already targeted by others

Activist investor Keith Meister is not embarrassed about lagging behind other corporate agitators, saying his rivals' work has led him to buy companies such

Corvex founder Meister sees big upside for stocks already targeted by others
Business|Economy|Finance|US

Southwest Airlines settles boardroom feud with activist investor Elliott

Southwest Airlines and its activist investor Elliott Investment Management ended a bitter months-long boardroom battle on

Southwest Airlines settles boardroom feud with activist investor Elliott
Business|Finance

D.E. Shaw throws support to Mantle Ridge in Air Products board fight

Hedge fund D.E.

D.E. Shaw throws support to Mantle Ridge in Air Products board fight
Business|Economy|Finance|Stock Markets|US

ISS urges News Corp investors to back plan to collapse dual-class voting structure

Prominent proxy advisory firm Institutional Shareholder Services (ISS) on Thursday urged News Corp investors to back a plan to end the company's dual-class

Business|Finance|Stock Markets|US

US CEOs fired more quickly over low stock prices this year, report says

U.S. companies with lagging stock prices are now quicker to blame management and fire their top executive, but the process of finding a replacement has

US CEOs fired more quickly over low stock prices this year, report says
Business|Finance|US

News Corp shareholders urged to end dual-class voting structure by more firms

Two more U.S. proxy advisory firms on Tuesday urged News Corp investors to support a hedge fund's campaign to change the company's dual-class share

News Corp shareholders urged to end dual-class voting structure by more firms
Business|Finance|US

Robinhood attorney, Republican regulators being considered for Trump financial agency short list

Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank

Robinhood attorney, Republican regulators being considered for Trump financial agency short list
Business|Economy|Finance|US

Moderate Trump loyalist Jay Clayton in talks for roles in administration

Corporate attorney Jay Clayton, former head of the U.S.

Moderate Trump loyalist Jay Clayton in talks for roles in administration
Business|Finance

Hedge fund Elliott names first female partner, promotes two to management committee

Elliott Investment Management named its first female partner and promoted two partners to its management committee, a person familiar with the matter said

Business|Economy|Finance|Stock Markets|US

Elliott calls for Honeywell break up, takes $5 billion-plus stake

Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following in the footsteps of other industrial

Elliott calls for Honeywell break up, takes $5 billion-plus stake
Business|Economy|Finance|Stock Markets|US

Blackstone backs Brigade with $300 million investment for private credit, CLOs

Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone to help build its new private credit strategy and expand its

Blackstone backs Brigade with $300 million investment for private credit, CLOs
Business|Finance|US

Nelson Peltz says new Disney chairman Gorman will find a 'respectable CEO'

Hedge fund manager Nelson Peltz, who lost a bruising boardroom challenge at Walt Disney this year, is confident the company's new board chairman will find a

Nelson Peltz says new Disney chairman Gorman will find a 'respectable CEO'
Business|Election|Finance|Stock Markets

Peltz says Trump-election stock market rally cannot continue uninterrupted

Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue

Peltz says Trump-election stock market rally cannot continue uninterrupted
Business|Election|Finance|US

Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources say

Billionaire banker Howard Lutnick has emerged as a serious contender alongside investor Scott Bessent for the top Treasury job in the new Trump

Trump's Treasury pick: Lutnick now a top contender alongside Bessent, sources say

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