Mr. Musk has spurned Mr. Dimon’s JPMorgan Chase & Co. for years, turning to other banks while expanding Tesla Inc. and his broader empire. Conversations over the years between the two companies have often upset one side or the other, according to people familiar with the matter...
Japan Inc. transforms itself the way an Ernest Hemingway character goes bankrupt: gradually, then suddenly. Friday’s announcement by Toshiba , one of the country’s oldest conglomerates, that it wants to tear itself apart raises the tantalizing prospect that we may be entering a “suddenly” phase. Please, let it be true...
Willis Towers Watson PLC is preparing to replace almost half of its board including the chairman, according to people familiar with the matter—the insurance broker’s latest effort to remake itself following the collapse of a merger with a major rival...
More than 100 current and former Activision Blizzard Inc. employees participated in a protest Tuesday to demand the resignation of Chief Executive Bobby Kotick after publication of a Wall Street Journal article about his handling of sexual misconduct issues at the videogame company, participants said...
Activist investor Mantle Ridge LP has a $1.8 billion stake in Dollar Tree Inc. and plans to push the discount retailer to take action to boost its share price, according to people familiar with the matter. Mantle Ridge believes Dollar Tree could ignite its underperforming shares by making improvements to its Family Dollar chain and its pricing strategy, the people said...
The move, following shareholder pressure for a more-focused structure, adds up to a de facto dismantling of a conglomerate whose roots date to 1875...
DoorDash Inc. said it has agreed to acquire European food-delivery company Wolt Enterprises Oy in an all-stock deal valued at over $8 billion...
As a California wildfire was exploding in July to become the state’s second-largest ever, Patti Poppe made an executive decision. The chief executive of PG&E Corp. traveled to the town of Chico, in fire-ravaged Butte County, and declared that the utility would spend as much as $20 billion to bury 10,000 miles of power lines like the one that had likely sparked the fire burning out of control just miles away...
Current and former Boeing Co. directors have reached an approximately $225 million agreement to settle a shareholder lawsuit that claimed the plane maker’s board failed to properly oversee safety matters related to the 737 MAX...
An activist investor has taken a big stake in Centene Corp. and wants the managed-care company to refresh its board and take other actions to boost its stock, according to people familiar with the matter. Politan Capital Management LP, a newly established hedge fund led by veteran activist Quentin Koffey, has a roughly $900 million stake in Centene and has spoken to the company about replacing several board members, the people said. It couldn’t be learned if Centene is receptive...
LONDON—The chief executive of Royal Dutch Shell PLC defended the energy giant’s business model on Thursday, a day after activist investor Third Point LLC called for the breakup of the company to improve its environmental and financial performances. Ben van Beurden said that the needs of Shell’s customers, and the company’s efforts to pivot away from fossil fuels, were better served by keeping its range of assets and businesses...
Daniel Loeb’s Third Point LLC has taken a large stake in Royal Dutch Shell RDS.A +2.79% PLC and is urging the oil giant to separate into two companies to retain and attract investors as many flee stocks seen as environmentally unfriendly. The activist’s stake is worth well over $500 million, making it one of the Anglo-Dutch company’s largest investors, people familiar with the matter said...
PayPal Holdings Inc. PYPL 4.09% backed off a takeover of social-media company Pinterest Inc. PINS -11.58% after shareholders reacted negatively to what would have been a multibillion-dollar bet on e-commerce...
It’s not enough for socially enlightened masters of finance like BlackRock and Nasdaq to push around publicly traded companies. Now they want the Securities and Exchange Commission to impose their social and political agenda on all companies, including private firms. The SEC is expected soon to propose rules requiring companies to publicly disclose climate, board diversity and human-capital metrics...
BowX says deal is expected to provide the shared-workspace company with cash proceeds of about $1.3 billion...
U.S. public companies added the most diverse slate of new directors on record to their boards over the past year, with a surge of Black nominees and elevated numbers of women and first-time directors, according to two new studies...
Top lawyer, HR chief informed some Microsoft directors they told billionaire co-founder that his emails with female employee were inappropriate...
The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly triple what it was pegged at earlier this year, in a sign of the boom times for online department-store sales...
Archer Aviation Inc. is years from producing its only planned product, a four-passenger electric air taxi that the main U.S. regulator hasn’t yet certified. It hasn’t generated any revenue. Still, the co-founders of this three-year-old company got a huge payday last month, a $99 million special stock award that stands to quadruple if Archer hits other milestones—thanks to a compensation package they negotiated before it listed publicly on Sept. 17...
Female managers are often told they just need to demand more pay; research shows they are undermined by being given smaller roles...
An activist shareholder has taken a stake in Macy’s Inc. and is urging the famed retailer to spin off its fast-growing e-commerce business, according to people familiar with the matter. Jana Partners LLC on Wednesday sent a letter to the company’s board prodding it to separate the online unit, which has about $8 billion in annual revenue, the people said...
Moves come as insurance broker seeks to rebound from collapse of its planned merger with Aon PLC...
The Securities and Exchange Commission proposed a rule that would require money managers to disclose more information on how they use their voting power. When investors buy a mutual fund and exchange-traded fund from an asset manager, the money manager votes on shareholder proposals on behalf of the investors. Shareholder votes extend from issues from executive compensation to a company’s efforts to address climate change...
Bulk of criminal charges against founder Elizabeth Holmes allege she defrauded financial backers that include high-profile figures...