The parent company of MoviePass gave another indication Thursday that it's struggling to convince shareholders to back its plan to reverse-split its stock for the second time in four months.
Helios and Matheson, which bought a controlling stake in the subscription movie ticket service last year, has hired a second firm to help it collect investor votes, it announced..
SAN FRANCISCO — Authorities say StarKist has agreed to plead guilty to price fixing as part of a broad collusion investigation of the canned tuna industry. Federal prosecutors announced the plea agreement Thursday and said the company faces a fine up to $100 million. Bumble Bee Foods last year pleaded guilty to the same charge and paid a $25 million fine. Chicken of the Sea has not been charged because prosecutors say the company exposed the scheme and cooperated with the investigation...
Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker’s future on Thursday as the hedge fund manager tried to woo retail shareholders and the company’s interim chief executive told Reuters that Loeb had left no room for compromise...
(Reuters) - Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday. Third Point seems only open to taking over Campbell's board and has not expressed interest in anything less, McLoughlin said in a telephone interview...
Cardinal Health ( CAH ) is being pushed by members of an investor coalition to overhaul the way executive pay is calculated in order to reflect the potential cost of any settlements or fines...
Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors...
Activist investor Dan Loeb and his firm Third Point, are looking to further take control of Campbell Soup and influence a sale, this time through the board of directors...
Last February, the Fed imposed a growth cap on Wells Fargo until the bank demonstrably improved its corporate governance and replaced four ...
(Bloomberg) -- An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won’t pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter...
Directors increasingly see matters such as resource scarcity, human rights, and income inequality as important components of strategy discussions. Please enter your email address * Subject * Comments * While the population grows ever-more polarized around social issues, corporate boards of directors don’t necessarily need to consider them. Increasingly, though, they are doing so...
Campbell heirs to vote for own board, Third Point calls move a 'stunt' close breaking news Business Campbell heirs to vote for own board, Third Point calls move a 'stunt' Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...
(Bloomberg) -- A key response to the 2008 financial crisis was setting up a super-group of regulators to protect the economy from another disastrous crash. But in the Trump era, flagging new dangers has taken a backseat to cutting constraints on business. The latest blow came Wednesday when the Financial Stability Oversight Council said it no long considered Prudential Financial Inc. so big and complex that the insurer’s failure could trigger a panic...
CHICAGO (Reuters) - Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board...
Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...
Japan's Fujifilm Holdings Corp has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S. photocopier giant to new management...
Tomorrow’s rally, which will be held in Perth, is one of a series planned for the country’s capital cities and regional centres in the coming weeks. They have been organised by the Australian Council of Trade Unions (ACTU) as part of its Change the Rules campaign, which aims to draw attention to “exorbitant CEO pay” and company profits compared to the “very low or non-existent” pay rises experienced by many Australians...
WASHINGTON (AP) — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books on its actions tagging selected big financial companies as potential threats...