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    1. General Electric Slashes its Divided by 50%

      General Electric Slashes its Divided by 50%

      General Electric's board of directors announced on Monday it is cutting its dividend in half  — from $0.24 to $0.12 a share.

      “We understand the importance of this decision to our shareowners and we have not made it lightly.  GE Chairman and CEO John Flannery said in the release. "We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation...

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      Mentions: CEO Dividend crisis
    2. Equifax's Data Breach will Cost it for Months to Come

      Equifax's Data Breach will Cost it for Months to Come

      Reuters / Brendan McDermid

      • Equifax has no idea how deep the losses incurred by its massive data breach will run.
      • The company is also coming under fire from government agencies and courts.

      Equifax reported that revenue ticked up 4% year-over-year in the third quarter to a less-than expected $835 million and that net income plunged 27% to $96 million due to the initial costs related to the most damaging consumer data hack in US history...

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      Mentions: SEC Twitter UK
    3. The Former CEO of J.Crew says he Approached Amazon About Buying the Company

      The Former CEO of J.Crew says he Approached Amazon About Buying the Company
      • The former CEO of J.Crew, Mickey Drexler, told Andrew Ross Sorkin at the New York Times' DealBook conference that he approached Amazon about a possible acquisition.
      • The deal did not go through, obviously.
      • Drexler also said that the company was close to a deal with Uniqlo.

      Mickey Drexler has a few regrets in his time of business. One of them, as he told Andrew Ross Sorkin at the New York Times' Dealbook conference on Thursday, is that he never sold J.Crew when he had the opportunity...

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      Mentions: Conference CEO Amazon
    4. Panera's CEO and Founder has Announced his Plans to Step Down After the Chain Reveals a Major Acquisition

      Panera's CEO and Founder has Announced his Plans to Step Down After the Chain Reveals a Major Acquisition
      • Panera's founder and CEO is stepping down at the end of the year, after 36 years of leadership at the chain.
      • The chain also announced on Wednesday that it plans to acquire rival Au Bon Pain.

      Panera Bread announced two huge pieces of news on Wednesday: the fast-casual chain is acquiring rival Au Bon Pain, and its founder is stepping down as CEO...

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    5. Oprah Winfrey Has Now Raked in $300 Million from her Weight Watchers Investment

      Oprah Winfrey Has Now Raked in $300 Million from her Weight Watchers Investment
      • Oprah Winfrey owns 10% of Weight Watchers' stock, with options to grow that position to 15%.
      • She's made a net $300 million on the investment since late 2015, as the stock has surged almost 700%.

      Weight Watchers shareholders rejoiced on Tuesday as the company's stock surged as much as 22%. But no one had more to celebrate than Oprah Winfrey...

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      Mentions: Investment CEO stake
    6. Uber investor Shervin Pishevar has filed a Lawsuit over an Alleged 'Smear Campaign' Against Him

      Uber investor Shervin Pishevar has filed a Lawsuit over an Alleged 'Smear Campaign' Against Him
      • Venture capitalist Shervin Pishevar is suing a GOP political opposition research group that he alleges was conducting a smear campaign against him.
      • The suit claims that the company, Definers Public Affairs, has been calling up reporters and spreading lies about him such as that he's a Russian agent or that he's made a payoff to settle a sexual assault claim...
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      Mentions: CEO Uber SoftBank
    7. Traders are Betting that Broadcom's Record-Setting Hostile Takeover of Qualcomm will get Done

      Traders are Betting that Broadcom's Record-Setting Hostile Takeover of Qualcomm will get Done
      • Broadcom is attempting a hostile takeover of Qualcomm for $103 billion, which would make it the biggest tech deal ever.
      • Qualcomm hasn't been receptive to the proposition and plans to fight it, while Broadcom looks ready for a proxy fight.
      • Investors are positioning for further share gains for Qualcomm, which can be interpreted as confidence in a deal eventually getting done...
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    8. Breaking News: Bill Ackman Reportedly Suffers a Big Blow in his Effort to Shake Up ADP

      Breaking News:  Bill Ackman Reportedly Suffers a Big Blow in his Effort to Shake Up ADP

      ADP shareholders voted against adding three directors to its board including Bill Ackman, handing a loss to the activist investor after a three-month long campaign, The Wall Street Journal and Bloomberg reported on Tuesday.

      The billionaire founder of the hedge fund Pershing Square has engaged in a bitter proxy battle with the HR-software provider, calling for sweeping changes including the replacement of CEO Carlos Rodriguez...

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    9. We May be About to Witness the Fall of Wall Street God

      We May be About to Witness the Fall of Wall Street God
      • On Tuesday, shareholders will decide whether or not hedge fund billionaire Bill Ackman gains three seats on the board of ADP.
      • Ackman is trying to shake up a company that's already doing well for investors though.
      • If he loses this contest, already worried investors will lose more faith in the embattled hedge fund manager and Ackman's post-financial crisis legend may fade away.

      There is one god-like quality that matters on Wall Street. It is the ability to move markets with a word...

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    10. Qualcomm is Going to do Whatever it Takes to Fend off Broadcom

      Qualcomm is Going to do Whatever it Takes to Fend off Broadcom
      • Broadcom on Monday offered to buy Qualcomm in what would be the largest tech deal on record.
      • Qualcomm is set to reject the unsolicited offer, according to several reports.
      • This sets Broadcom up to start a hostile takeover campaign for its rival, which has been rattled recently by a lawsuit with Apple over licensing fees.
      • Qualcomm shares on Monday traded below the offer price of about $70 per share, suggesting that traders were skeptical...
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    11. Sprint and T-Mobile Have Called off Merger Talks

      Sprint and T-Mobile Have Called off Merger Talks

      SAN FRANCISCO (Reuters) - Sprint Corp and T-Mobile USA Inc said on Saturday that they officially broke off merger negotiations, ending months of back-and-forth talks that would have created the third-biggest U.S. wireless provider.

      The announcement marks the latest failed attempt to combine the third- and fourth-largest U.S. wireless carriers, as Sprint parent SoftBank Group Corp, and T-Mobile, controlled by Deutsche Telekom AG, show unwillingness to part with their prized U.S. telecom assets...

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      Mentions: CEO T-Mobile Sprint
    12. Strayer Education and Capella Agree to $1.9 Billion Merger

      Strayer Education and Capella Agree to $1.9 Billion Merger
      • Strayer Education and Capella Education have agreed to a $1.9 billion all-stock deal.
      • Strayer shareholders will own about 52% of the combined company while Capella shareholders will own about 48%.

      (Reuters) - Strayer Education Inc will merge with smaller peer Capella Education Co in a $1.9 billion all-stock deal that will offer doctoral, master's and bachelor's programs, mainly for working adults across the United States...

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    13. Bill Ackman told a CEO he gets more 'clicks on the internet' than Anyone Except Donald Trump

      Bill Ackman told a CEO he gets more 'clicks on the internet' than Anyone Except Donald Trump
      • Billionaire hedge fund manager Bill Ackman has been locked in a proxy battle with activist target ADP for months.
      • ADP CEO Carlos Rodriguez hasn't hesitated to call out Ackman publicly about his attempts to use the media to sway the activist proceeding.

      The ongoing battle between hedge fund billionaire Bill Ackman and his latest activist target just keeps getting more heated...

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    14. The CEO of Saks Fifth Avenue's Parent Company is Stepping Down

      The CEO of Saks Fifth Avenue's Parent Company is Stepping Down

      Getty Images

      • Hudson's Bay CEO Gerald Storch will resign his position on November 1.
      • The company owns Saks Fifth Avenue and Lord & Taylor.
      • Hudson's Bay had reportedly been considering going private.

      Oct 20 (Reuters) - Canadian retailer Hudson's Bay Co said on Friday Chief Executive Gerald Storch will step down, effective Nov. 1, to return to his advisory firm Storch Advisors...

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    15. A New Law Prohibiting Employers From Inquiring About a Candidate’s Salary will shake up Wall Street Recruitment

      A New Law Prohibiting Employers From Inquiring About a Candidate’s Salary will shake up Wall Street Recruitment
      • On Halloween this year a new law takes effect in New York City prohibiting employers from inquiring about a candidate’s salary history during the hiring process.
      • It will move the spotlight away from a too-basic metric—compensation—and shine it on the most profound elements of long-term value for an organization: motivation, cultural fit, aspiration, understanding of the business and strategic intelligence.
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    16. American Express' CEO is Stepping Down

      American Express' CEO is Stepping Down

      Reuters

      • Kenneth Chenault is stepping down after nearly 18 years at the helm of American Express.
      • Warren Buffett called Chenault "the gold standard for corporate leadership..."

      American Express Chairman and Chief Executive Officer Kenneth Chenault is stepping down after 37 years at the company, a company press release said on Wednesday...

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