LAS VEGAS (Reuters) – Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics...
NEW YORK/BOSTON (Reuters) – Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management , owned stakes in Snap Inc , parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public ...
May 6, 2017 FRANKFURT (Reuters) – Leading shareholder advisors have called on SAP investors to oppose the supervisory board of Europe’s largest technology company in a dispute over management pay...
REUTERS/Lucas Jackson March 27, 2017 By James Saft (Reuters) – Some day, perhaps soon, the populist revolt will spread to another group badly served in recent decades: shareholders...
A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo March 10, 2017 By Nick Carey and David Shepardson DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to three felony counts as part of a $4.3 billion settlement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal. VW general counsel Manfred Doess made the plea on the company’s behalf after he ...
WASHINGTON (Reuters) – Billionaire investor Bill Ackman’s hedge fund paid $75,000 to settle civil “pay-to-play” charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy ...
Ross Kerber BOSTON (Reuters) – U.S. public pension funds normally prefer a backseat role in overseeing the future of companies where they have billions of dollars invested...
Search for: RBS asked to create investor committee to avoid repeat of crisis-era mistakes The City of London business district is seen through windows of the Royal Bank of Scotland (RBS) headquarters in London, Britain September 10, 2015. REUTERS/Toby Melville December 30, 2016 LONDON (Reuters) – More than 160 investors in Royal Bank of Scotland have asked the bank to create a committee of shareholders to improve its corporate governance and help avoid a repeat of mistakes that led to its 45 billion pound ($55 billion) bailout. ShareSoc and UKSA, two shareholder groups, will submit the proposal at the bank ...
BOSTON (Reuters) – Before New York’s famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy U.S. president-elect, it quietly fed other public representatives: trustees of Paris-based AXA SA investment funds...
Shares in Actelion Ltd jumped as much as 19 percent to record highs on Friday on reports that U.S. healthcare company Johnson & Johnson was interested in a takeover of the fast-growing Swiss biotechnology firm...
NEW YORK (Reuters) – Federico Pena, a member of Wells Fargo’s board of directors and chairman of its corporate responsibility committee, has resigned from an advisory position with Vestar Capital Partners, a private equity firm...
NEW YORK (Reuters) – Billionaire investor Carl Icahn warned on Monday that many S&P 500 companies are “way overvalued,” considering soft-to-weakening economic growth in the United States as well as in emerging markets...
WHITE PLAINS, N.Y. (Reuters) – U.S. presidential candidate Hillary Clinton on Monday will unveil a plan to make it easier for consumers to take legal action against “bad corporate actors,” citing Wells Fargo & Co and Mylan Pharmaceuticals, according to a campaign official. While campaigning in Ohio, the Democratic nominee will explain how she would, if elected ...
