Shares of Bausch Health eased on Wednesday after the medical-device maker agreed to add two directors from Icahn Group to the board. The move comes about two weeks after the New York activist investor Carl Icahn disclosed a 7.8% stake in the Laval, Quebec, company...
Activist investor Ryan Cohen, the co-founder of e-commerce firm Chewy (CHWY) - Get Report, reported in an SEC filing Monday that he's taken a 12.9% stake (9,001,000 shares) in GameStop (GME) - Get Report, through his company, RC Ventures...
Massachusetts securities regulators reportedly were expected to file a complaint Wednesday against the trading platform operated by Robinhood Financial LLC, for allegedly marketing aggressively to inexperienced investors and failing to implement controls to protect them...
State Street ( STT ) shares jumped Friday afternoon following a report that the institutional investment group is exploring options for its asset management business, including a merger with a competitor...
Walt Disney Co. said Monday it’s reorganizing its media and entertainment businesses and named Kareem Daniel as Chairman, Media and Entertainment Distribution. The company said in a news release the move would accelerate its direct-to-consumer strategy...
This past June, we wrote about how irresponsible share pledging and questionable compensation packages led many proxy advisory firms to counsel "Against" regarding the re-election of Tesla ((TSLA) -Get Report)chairwoman Robyn Denholm....
ViacomCBS ( VIACA ) shares rose Friday after Gordon Haskett analyst Don Bilson said recent trading in the stock suggests an activist investor may be on the prowl, making a significant investment in the company...
Crown Castle (CCI) - shares rose on Monday after the activist hedge fund Elliott Management urged the cellphone tower giant to “remedy” its “chronic underperformance.”...
J.C. Penney is close to securing $450 million to navigate bankruptcy, marking what will be the third U.S. retailer to fall victim to...
Southwest Air's CEO is taking a 10% pay cut and the carrier is considering reducing its schedule as the coronavirus wreaks havoc on the airline industry...
Dollar Tree (DLTR) - may be trading down of late, but it may need structural changes in the company before the stock can resume growing...
Activist investor Bill Ackman announces his Pershing Square Capital Investment firm exited its stake in Starbucks...
Shares of Bed Bath & Beyond (BBBY - Get Report) jumped in after-hours trading Wednesday after the company appointed former Target executive Mark Tritton as president and CEO...
For a big ship like ( IBM) or Microsoft ( MSFT) , what does it take to steer a turnaround? Both are veteran tech firms that long predate the cloud era. But their performances in recent years couldn't be more different...
More and more unicorns are galloping toward the stock exchanges, and it isn't always a smooth ride. Short-term volatility may be typical, as Lyft ( LYFT shareholders learned last week in the stock's first full week of trading. But there are deeper tensions beneath the surface, and their implications for investors are coming more clearly into focus...
JPMorgan & Co. ( JPM - Get Report ) CEO Jamie Dimon, an often-suggested candidate for a future Presidential candidacy, waded into the current political debate of the nature of American capitalism Thursday in his annual letter to shareholders of the country's biggest bank...
Bristol-Myers Squibb ( BMY ) traded blows with activist investor Starboard Value LP Tuesday as the pair issued competing presentations linked to the pharmaceutical group's planned $74 billion takeover of cancer drug specialist Celgene Corp. ( CELG )...
Corporate governance is the system of rules and structures by which a corporation is run. It is typically a concern for publicly held companies rather than private ones.
Walt Disney ( DIS ) shareholders approved CEO Bob Iger's future pay package by a slim 57% margin at the company's annual shareholder meeting even though the media giant proposed to reduce his compensation by $13.5 million. Iger was paid $65.6 million in 2018, a large jump from the $36.2 million he was paid in 2017, thanks to the stock awards he received from the company's upcoming purchase of Twenty-First Century Fox ( FOX ) assets...
Long-time activist investor and billionaire Carl Icahn has cut his holdings in car and truck rental giant Hertz Holdings ( HTZ ) . A Securities and Exchange Commission filing revealed that High River Limited Partnership, one of Icahn's investment firms, sold 1 million shares of Hertz, while Icahn Partners LP sold approximately 2.52 million shares and Icahn Partners Master Fund LP sold roughly 1.48 million shares - all on Monday, March 4...
Caesars Entertainment Corp. ( CZR ) is gambling on Carl Icahn's input to help the casino operator pick its next chief executive, according to Reuters, which cited people familiar with the matter. The talks are part of a settlement between Icahn and Caesars that would also include board seats, according to the report, after the billionaire activist investor disclosed a 9.8% stake in the company last week. After disclosing his stake, Icahn asked Caesars to launch a process to explore a sale...
Caesars Entertainment Corp.'s ( CZR ) latest gamble could on be itself, according to a published report Thursday. Carl Icahn -- the billionaire activist investor -- is urging the casino company to "explore a sale," according to The Wall Street Journal report, which said the company had received two recent offers. An email to a Caesars' spokesperson seeking comment was not immediately returned...
Is it time to break up eBay? One activist investor thinks so. Elliott Management, which acquired a 4% stake in the e-commerce marketplace, submitted a lengthy proposal on how to split up the company into three parts. In a letter, Elliott proposed spinning out the online ticket seller StubHub into a new company that, by their analysis, would be worth between $3.5 billion and $4.5 billion...
Cars.com ( CARS ) shares surged Thursday after the online car shopping service said it may explore a sale of the company, just weeks after activist investor Starboard Value pressed management to improve performance. Starboard Value, which owns around 9% of the Chicago-based group, told management in a letter published on December 10 that Cars.com had been losing customers for the past two years, leading to a decline in organic revenues...