Hedge fund Elliott Management builds $3 billion stake in SoftBank: sources
Hedge fund Elliott Management Corp, one of the world’s most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and...
Aurora Cannabis to take C$1 billion in charges, cuts 500 jobs as CEO exits
Aurora Cannabis said Chief Executive Terry Booth will retire and Executive Chairman Michael Singer become interim CEO as the beleaguered marijuana producer announced C$1 billion...
EU trade chief Hogan returns to Washington as auto tariffs loom
European Trade Commissioner Phil Hogan returned to Washington on Thursday for talks with U.S. counterpart Robert Lighthizer designed to improve transatlantic ties as the threat...
Intercontinental Exchange abandons deal talks with eBay
New York Stock Exchange owner Intercontinental Exchange Inc (ICE) said it had decided to stop exploring deal options with eBay Inc , just hours after...
Uber sees profit by end of 2020, ahead of previous target
Uber Technologies Inc on Thursday moved forward by a year its target to achieve profitability on an adjusted basis to the fourth quarter of 2020,...
Hedge fund Elliott Management builds stake in SoftBank: sources
Hedge fund Elliott Management Corp, one of the world’s most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and...
Aurora Cannabis CEO steps down, company cuts 500 jobs
Aurora Cannabis co-founder and Chief Executive Terry Booth will retire and step down from the marijuana producer, with Executive Chairman Michael Singer becoming interim CEO,...
Toyota to make more pickup trucks at Mexican plant in shift from U.S.
Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift...
Fed includes ‘heightened stress’ in leveraged loans in 2020 bank stress tests
Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes “heightened stress” in leveraged loans, the Federal...
On shareholder vote reforms, BlackRock sits on the fence
BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead...