Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies...
U.S. hedge fund Engine Capital on Wednesday urged Univar Solutions Inc (UNVR.N) to consider a sale or other strategic options, days after Germany's Brenntag SE (BNRGn.DE) said it was in preliminary talks to buy the chemicals distributor...
Activist fund Cevian has cut its stake in Thyssenkrupp (TKAG.DE) to less than 1%, it said on Tuesday, effectively ending its loss-making engagement with the German industrial group after years of restructuring that failed to boost its share price...
Carlyle Group Inc (CG.O) has agreed to make $3.34 million in severance payments to its former chief executive Kewsong Lee, as part of an agreement that brings to a formal end his tenure at the helm of the private equity firm, regulatory filings showed on Tuesday. In August, Lee abruptly stepped down as Carlyle CEO after its board, controlled by the group's founders, unexpectedly declined to renew his contract, which was set to expire at the year's end...
Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by about 50 women. But one group of wealthy insiders walked away relatively unscathed — the Weinstein Company’s board of directors...
Monro Inc (MNRO.O) on Wednesday said it plans to refresh its board of directors and will consider restructuring its equity shares after calls from an activist investor for governance reforms and the possible sale of the U.S. auto service company...
Activist investor Nelson Peltz, who is on the board of Unilever Plc (ULVR.L), has approached former CEOs of consumer goods companies as candidates for the top job at the Dove soap-maker, two sources familiar with the matter said...
Seven directors on the boards of five companies have resigned because of the U.S. Justice Department's concerns over the directors holding similar board positions at rival companies, the department said on Wednesday...
U.S. grocer Kroger Co (KR.N) said on Friday it will buy smaller rival Albertsons Companies Inc (ACI.N) in a $24.6 billion deal, creating a supermarket behemoth to take on leader Walmart Inc (WMT.N). Kroger will pay $34.10 for each Albertsons share, representing a premium of about 33% to the stock's closing price on Wednesday, a day before media reports emerged of a deal between the two...
Activist investor Carl Icahn amassed a Twitter (TWTR.N) stake worth more than $500 million in the past few months and made a sizable profit on Tuesday after Elon Musk proposed to go ahead with his takeover of the social media platform, the Wall Street Journal reported. Twitter shares jumped more than 22% to end at $52.00 on Tuesday after a securities filing showed Musk intends to go ahead with his April offer of $44 billion to take the company private, signaling an end to a legal battle that could have forced Musk to pay up...
A former Tesla (TSLA.O) senior executive and chief operating officer at ride hailing company Lyft (LYFT.O) is joining General Motors (GM.N) board of directors. The largest U.S. automaker said in statement on Tuesday Jonathan McNeill, 55, the co-founder and CEO of venture firm DVx Ventures has joined its board. McNeill joined Tesla in 2015 where he was president, global sales, delivery and service and in 2017, McNeill assumed responsibility for government relations before he left in 2018 to join Lyft...
Elliott Management Corp has raised its stake in Swedish Match (SWMA.ST) to 7.25% from 5.5%, the activist investor said in a disclosure Friday, putting pressure on Marlboro-maker Philip Morris International (PM.N) to raise its bid for the group. Philip Morris in May offered to buy the Stockholm-based maker of Zyn in a $16 billion bet on the fast-growing market for cigarette alternatives...
Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker. Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison in August, sparking criticism from a shareholder body over a lack of independent board members...
More big U.S. companies have tied their CEO pay to climate goals but few give executives much incentive to make significant emissions cuts, a new study shows. In the study, to be released on Thursday, activist group As You Sow examined pay disclosures from 47 large U.S. emitters and found only one, electric utility Xcel Energy Inc (XEL.O), gave its CEO a goal tied to measurable cuts in greenhouse gas emissions...
TikTok owner ByteDance will expand its board of directors to a maximum of nine, a person with direct knowledge of the matter said on Wednesday, as the company faces regulatory pressure globally. Shareholders approved the move at an investor meeting on Tuesday, boosting the figure from the previous maximum of five, added the source, who sought anonymity as the information was confidential...
A federal magistrate judge in Brooklyn refused this week to appoint the only Credit Suisse Group AG shareholder who sought to lead a securities class action alleging that the bank failed to warn investors about the risk of its portfolio of loans to Russian oligarchs. The plaintiffs' firm that filed the case, Pomerantz, has said that the class action will probably now have to be dismissed...
Software company Zendesk Inc's (ZEN.N) shareholders should vote for a planned acquisition by a group of private equity firms, a prominent proxy advisory firm recommended on Tuesday...
Luxury goods group Richemont (CFR.S) successfully batted away proposals from activist investor Bluebell Capital at an annual shareholder meeting Wednesday in which tensions flared...
Ammo Inc's (POWW.O) largest investor wants to take control of the ammunition manufacturer's board and boost the firm's profit through growth in e-commerce of firearms, outdoor sporting and related goods, according to a letter seen by Reuters...
Two conservative groups seeking to invalidate Nasdaq's board diversity rule will argue their case in the 5th U.S. Circuit Court of Appeals on Monday...
(Reuters) - The world's largest asset manager BlackRock Inc. (BLK.N) warned the U.S. Securities and Exchange Commission (SEC) this week that its proposed rules aimed at fighting "greenwashing" by fund managers will confuse investors...
Bed Bath & Beyond Inc (BBBY.O)shares nosedived late in the session on Wednesday from a 45% surge earlier after investor and GameStop (GME.N) Chairman Ryan Cohen filed for a proposed sale of his stake in the struggling home goods retailer...
A group of Revlon Inc shareholders on Tuesday asked a bankruptcy judge to give them a greater voice in the cosmetics company's bankruptcy, saying no one else can be trusted to speak up for minority equity owners...
Activist shareholder Bluebell Capital Partners on Monday claimed a partial victory in its efforts to overhaul management at luxury group Richemont (CFR.S) after the company proposed the appointment of a director to look after the interests of ordinary shareholders...