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    1. WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan

      WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan

       WeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan.

      • The shared workspace group is in talks with its largest investor for a $1 billion injection, which it hopes to parlay into a $3 billion debt deal with the bank, according to Reuters.
      • WeWork is hoping to secure the funds as early as next week, when it expects to outline planned job cuts and asset sales to employees, Reuters reported...
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    2. VW CEO and Chairman Charged with Market Manipulation

      VW CEO and Chairman Charged with Market Manipulation
      • Volkswagen CEO Herbert Diess and chairman Hans Dieter Poetsch were charged with market manipulation by a German court, according to an indictment filed Tuesday.
      • The case alleges the two misled investors by not telling them about the company's 2015 diesel emissions scandal early enough.
      • Former CEO Martin Winterkorn was also charged in the indictment. Winterkorn left the automaker just days after news of the scandal broke...
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      Mentions: Volkswagen
    3. Carl Icahn is Reportedly Taking his Hedge Fund's Talents to Miami for Tax Reasons

      Carl Icahn is Reportedly Taking his Hedge Fund's Talents to Miami for Tax Reasons
      • Billionaire investor Carl Icahn is moving his New York hedge fund to Florida next year, according to a report from the New York Post.
      • The activist investor had been considering the move for the last couple of years, and he told the staff of Icahn Enterprises a few months ago that the Manhattan office would be closing at the end of March 2020.
      • Icahn is offering employees a $50,000 relocation benefit if they follow him to Florida...
      • Visit the Markets Insider homepage for more stories.
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      Mentions: Carl Icahn
    4. HSBC's CEO is Out in a Shocking Departure, and the Firm is Set to Lay Off Thousands

      HSBC's CEO is Out in a Shocking Departure, and the Firm is Set to Lay Off Thousands
      • HSBC made the surprising announcement late Sunday that John Flint would be stepping down as CEO after just 18 months in the role.
      • Following the departure, HSBC confirmed its plan to cut up to 2% of the bank's workforce of almost 238,000.
      • The London-based bank is just the latest to slash thousands of jobs as the industry faces headwinds from low interest rates, rising trade tensions, and a challenging environment for trading.
      • Shares of HSBC fell more than 2% in early trading on Monday...
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      Mentions: HSBC
    5. Carl Icahn Criticizes Petroleum Giant Occidental's Recent Mega-Merger

      Carl Icahn Criticizes Petroleum Giant Occidental's Recent Mega-Merger
      • Carl Icahn slammed Occidental Petroleum's CEO and chairman Monday, saying its deal to takeover Anadarko was hastily done.
      • Icahn and the board of Occidental have been in a public battle over the deal and four director seats on the board.
      • In the latest letters to shareholders, Icahn said that Warren Buffett's $10 billion financing of the Anadarko deal took Occidental's CEO "to the cleaners."...
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    6. Abbvie is Buying Botox-Maker Allergan in a $63 Billion Pharma Mega-Deal

      Abbvie is Buying Botox-Maker Allergan in a $63 Billion Pharma Mega-Deal
      • AbbVie has agreed to buy Allergan in a $63 billion cash-and-stock deal.
      • Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each Allergan share that they hold, totaling $188.24 per Allergan share.
      • The offer represents a 45% premium to the closing price of Allergan's shares on Wednesday...
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    7. Progenics to Mail Letter to Shareholders

      Progenics to Mail Letter to Shareholders

      NEW YORK, June 19, 2019 (GLOBE NEWSWIRE) -- Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) (“Progenics” or the “Company”), an oncology company developing innovative targeted medicines and artificial intelligence to find, fight and follow cancer, is mailing a letter to shareholders in connection with its upcoming 2019 Annual Meeting (“Annual Meeting”) scheduled for July 11, 2019. Shareholders of record as of the close of business on May 13, 2019 are eligible to vote at the Annual ...

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    8. Facebook must do some 'deep soul searching' about Mark Zuckerberg's power after a huge shareholder revolt

      Facebook must do some 'deep soul searching' about Mark Zuckerberg's power after a huge shareholder revolt

      Chip Somodevilla/Getty Images; Samantha Lee/Business Insider Some 68% of independent Facebook investors voted to oust Mark Zuckerberg last month, cementing a vocal campaign for the firm to appoint an independent chairman. The tiny activist investor behind the vote, Jonas Kron, said it should be the catalyst for a period of "deep soul searching for the Facebook board."

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    9. Renault Shares are Tanking After Fiat Chrysler Scrapped their Mega-Merger

      Renault Shares are Tanking After Fiat Chrysler Scrapped their Mega-Merger
      • Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker.
      • French government officials on Renault's board postponed making a decision on Wednesday.
      • Renault wanted more time to secure the support of long-time rival Nissan.
      • "It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," Fiat Chrysler said...
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    10. Top Wall Street CEOs Keep Saying Their No. 1 Fear is a Cyberattack That'll Take Down the Financial System

      Top Wall Street CEOs Keep Saying Their No. 1 Fear is a Cyberattack That'll Take Down the Financial System
      • Financial-company CEOs are increasingly concerned about cyberattacks on the financial system.
      • David Hunt, head of investment management at Prudential, highlighted the risk at the Milken Institute Global Conference.
      • Other CEOs, including JPMorgan's Jamie Dimon, have suggested cyber attacks are a top risk.

      The CEOs of some of the top financial institutions in America are increasingly worried about the risk of a cybersecurity attack on the nation's financial system...

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    11. Breaking News: 2 of America's Biggest Waste-Management Companies are Joining Forces in a $4.9 Billion Deal

      Breaking News: 2 of America's Biggest Waste-Management Companies are Joining Forces in a $4.9 Billion Deal
      • Waste Management and Advanced Disposal, two of America's largest waste-management companies, are joining forces in a $4.9 billion deal.
      • Advanced Disposal's shares surged 20% on the news.
      • The tie-up is expected to immediately boost earnings and cash flow, and generate $100 million in annual savings by cutting costs and slashing capital spending...
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    12. TransAlta: ISS and Glass Lewis Recommend Shareholders Vote FOR All TransAlta Director Nominees and Management Proposals

      TransAlta: ISS and Glass Lewis Recommend Shareholders Vote FOR All TransAlta Director Nominees and Management Proposals

      PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today announced that leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co ("Glass Lewis"), both issued final reports recommending that shareholders vote FOR all TransAlta management proposals, including director nominees, being presented at the Company's upcoming shareholders' meeting...

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    13. Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board

      Shaq is Investing in 9 Papa John's Locations and Joining the Pizza Chain's Board
      • Shaquille O'Neal is joining Papa John's board of directors and investing in nine Atlanta area locations.
      • Papa John's shares were up more than 3% following the news.
      • Watch Papa John's trade live.

      The NBA Hall of Famer Shaquille O'Neal is joining Papa John's board of directors and investing in nine locations in the Atlanta area, the company said Friday. He will also become a brand ambassador for the pizza chain.

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    14. Billionaire Nelson Peltz is Getting into the Cannabis Business

      Billionaire Nelson Peltz is Getting into the Cannabis Business
      • The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser.
      • Peltz is the CEO and a founding partner of Trian Fund Management.
      • He has served as the CEO and chairman of Triarc Companies, which owned Arby's and Snapple, and has been on several company boards.
      • Aurora Cannabis shares were up 8.5% following the announcement.

      The billionaire Nelson Peltz is getting into the cannabis business...

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    15. Elizabeth Warren's Proposal to Break Up Big Tech Shouldn't Shake Amazon Shareholders — Yet

      Elizabeth Warren's Proposal to Break Up Big Tech Shouldn't Shake Amazon Shareholders — Yet
      • Sen. Elizabeth Warren, the Massachusetts Democrat and presidential candidate, proposed on Friday a plan to break up big tech companies like Amazon, Facebook, and Alphabet's Google.
      • The plan doesn't appear to immediately threaten Amazon, said Eric Sheridan, an analyst at UBS, who spoke with Markets Insider on Friday.
      • Still, regulation is the top concern he discusses with investors, as far as challenges facing large-cap tech names...
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    16. Newmont Mining Rejects Barrick Gold's $17.8 Billion Hostile-Takeover Bid

      Newmont Mining Rejects Barrick Gold's $17.8 Billion Hostile-Takeover Bid
      • Barrick Gold's hostile takeover bid for Newmont Mining was rejected on Monday.
      • Barrick Gold proposed the $17.8 billion deal last week in what would have created the world's largest gold producer.
      • Watch Barrick Gold and Newmont Mining trade live.

      Newmont Mining's board of directors on Monday rejected Barrick Gold's $17.8 billion hostile takeover bid. The offer would have created the world's largest gold producer...

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    17. Breaking News: BB&T and SunTrust are Joining Forces in a $66 Billion Deal That'll Create the US's 6th Largest Bank

      Breaking News:  BB&T and SunTrust are Joining Forces in a $66 Billion Deal That'll Create the US's 6th Largest Bank

      SunTrust Banks and BB&T have agreed to a $66 billion merger that will create the sixth-largest US bank.

      The deal pays SunTrust shareholders 1.295 BB&T shares for each SunTrust share they own, according to a joint statement released Thursday morning. BB& T shareholders will own about 57% of the combined company...

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      Mentions: Merger Bloomberg Bank
    18. Venita Fields Appointed as a Director of Superior Group of Companies™

      Venita Fields Appointed as a Director of Superior Group of Companies™

      (GLOBE NEWSWIRE) -- The Board of Directors of Superior Group of Companies™ (NASDAQ:SGC) announced today that on January 31, 2019, Venita Fields was appointed by the Board of Directors to be a Director of the Company, effective immediately. She will be one of five independent directors serving on the Board...

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    19. General Electric's Dash for Cash is Stealing Value from Shareholders, JPMorgan Says

      General Electric's Dash for Cash is Stealing Value from Shareholders, JPMorgan Says
      • General Electric on Friday announced the planned merger between Wabtec and GE Transportation has been revised.
      • The revised terms are negative for GE shareholders, according to Christopher Glynn, an analyst at Oppenheimer.
      • GE's stock lost more than half of its value in 2018.
      • Under the leadership of new CEO Larry Culp, GE has sped up efforts to raise cash by selling assets in an effort to increase investor confidence...
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