Bed Bath & Beyond Inc. said it would permanently close roughly 200 stores, a bet that the home-goods chain can ride out the coronavirus pandemic by shrinking its bricks-and-mortar footprint...
Stacy Brown-Philpot is leaving the San Francisco-based gig worker marketplace that hires people to perform multiple duties for consumers...
Brooks Brothers, which dressed the American business class in pinstripes for more than 200 years, survived two world wars and the shift to casual dressing. But it was no match for the coronavirus pandemic...
Deutsche Bank has agreed to pay a $150 million fine following an investigation into its financial dealings with Jeffrey Epstein, officials announced Tuesday...
Crown Castle (CCI) - shares rose on Monday after the activist hedge fund Elliott Management urged the cellphone tower giant to “remedy” its “chronic underperformance.”...
Luckin Coffee Inc's chairman and co-founder Charles Zhengyao Lu has been evicted from the company, following a vote conducted during an extraordinary shareholders meeting in Beijing on Sunday 05 July 2020...
(Reuters) - SoftBank Group Corp has no plans to increase board oversight of its $100 billion Vision Fund, two sources said, disregarding calls from activist investor Elliott Management and signalling governance reforms have stopped short of the fund. In recent months Chief Executive Masayoshi Son has met other Elliott demands, from launching a 2.5 trillion yen ($23 billion) buyback - vital ...
The deal is the latest move in a high-profile race for food delivery giants to become profitable through consolidation...
Tesla ‘s stock may have hit an all-time high , trading at $1,113 as of Wednesday morning, while the company’s market cap is up to over $200 billion, making it the most valuable car company in the world. However, one firm that advises shareholders is calling for the firm to remove CEO Elon Musk from the company’s board, due to the potential exposure to lawsuits...
More than a year after the University of Maryland Medical System came under scathing criticism for no-bid contracts with its own board members, the system said it would award a new deal to one of the largest recipients of those deals...
Stanphyl Capital letter to investors for the month ended June 30, 2020, discussing their short thesis for Tesla Inc (NASDAQ: TSLA ) and other positions in several small-cap stocks. For June 2020 the fund was down 3.9% net of all fees and expenses. By way of comparison, the S&P 500 was up 2.0% while the Russell 2000 was up 3.5%. Year-to-date 2020 the fund is down 7.0% while the S&P 500 is down 3.1% and the Russell 2000 is down 13.0%...
SHANGHAI/BEIJING — Chinese regulators adopted shock and awe tactics on Saturday to target misbehaving shareholders of banks and insurers by naming and shaming 38 corporate investors for having "gravely" violated rules and laws in their first such exercise...
(Reuters) - Biotech firm Moderna Inc could reap tens of billions of dollars in sales and stock appreciation if it wins the race for a COVID-19 vaccine. If it loses, the early-stage company’s value could crash. In the meantime, the firm’s chief executive is pocketing millions of dollars every month by selling shares that have tripled in price on news of Moderna’s development progress, a Reuters analysis of corporate filings shows...
As shares of biotech firm Moderna soared in May to record highs on news that its novel coronavirus vaccine showed promise in a clinical trial, the nation’s senior securities regulator was asked on CNBC about news reports that top executives had been selling their stock in the company...
Tesla becomes world's most valuable carmaker without making a profit Rob Davies More Tesla has overhauled Japanese rival Toyota to become the world’s most valuable automotive company. Despite never having made a profit, the billionaire Elon Musk’s electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars...
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors to lay the groundwork for the restructuring...
PALO ALTO, CA (STL.News) The Board of Directors of HP Inc. (NYSE: HPQ) has approved an amendment to the Company’s shareholder rights plan to accelerate the expiration date of the plan to June 25, 2020, effectively terminating the plan as of that date. The limited duration rights plan was previously set to expire on February 20, 2021...
... with investors in the company (yes, there are still investors!) choosing who to keep and who to fire in a devolving case of corporate governance run ...
Tesco investors vote down directors' pay report By aA+ aA- Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report...
Almost two thirds of investors say they are open to talking to activist investors about a company they have a position in, according to recent research from Corporate Secretary sister publication IR Magazine...
Son’s exit follows SoftBank’s announcement in May that Jack Ma, Alibaba Group’s main founder and one of the world’s richest men, would leave SoftBank’s board on that same date...