Elliott Management Corp. has nominated four directors to the board at Twitter Inc., according to a person familiar with the matter, setting the stage for a potential showdown between one of the most prolific and pugnacious activist hedge funds and the influential social-media company. Elliott has taken a roughly $1Read More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
Getty Images The rapid growth of the leveraged loan market has divided opinion. The rapid growth in the leveraged loan market has attracted scrutiny from regulators on both sides of the Atlantic, sparking concern about the risks to the broader financial system in the event of an economic downturn followingRead More →
Casper Sleep Inc., the startup that popularized the bed-in-a-box trend, saw its shares rise more than 20% in their trading debut Thursday, after underwriters priced its initial public offering at $12, the lower end of a reduced range. That left the company’s valuation at less than half the $1 billionRead More →
After GoPro Inc., the developer of action cameras, went public in 2014, its revenue peaked in 2015 at $1.6 billion. In the four years since then, GoPro investors have never seen sales get back to those levels, and its stock price has fallen about 88% from its market debut. OnRead More →
Toxic workplaces have become easier for corporate shareholders to recognize. This bodes well for changing practices to create safer, stronger companies and foster better business outcomes. Yet identifying bad practices isn’t enough. Culture management is a hard, technical skill. Company leaders need to paint a positive picture of the future in order forRead More →
IBM Corp. investors are hoping that incoming Chief Executive Arvind Krishna will bring the same relentless focus on the cloud that Satya Nadella brought to help turn around Microsoft Corp. Earlier Thursday, news that Ginni Rometty will be stepping down as CEO on April 6 and be replaced by Krishna,Read More →
iStockphoto The Tanger Outlets in Lancaster County. Shares of Tanger Factory Outlet Centers are rocketing higher even as doubts about the future of bricks-and-mortar retailers continue to plague the company, one of the pioneers of outlet-store shopping. But the big share move upward isn’t because investors have had a changeRead More →
The sales-practices scandal at Wells Fargo & Co. that shook investors, regulators and lawmakers in 2016 was worse than you think. ‘I was in the 1991 Gulf War. … This is sad and hard for me to say, but i had less stress in the 1991 Gulf War than lookingRead More →
Robert Hyde, a GOP congressional candidate who has become embroiled in the impeachment investigation, on Saturday said he had been operating Facebook pages displaying posts in his defense while purporting to be run by groups of Trump supporters in different states. The coordination of the pages was uncovered in anRead More →
The market says Google parent company Alphabet Inc. is worth $1 trillion, but investors who have tried know that putting a sustainable valuation on this company is mighty difficult. Alphabet is a confusing company — even figuring out that $1 trillion market cap, which the company surpassed for the firstRead More →
Planning to sell a home in Raleigh, N.C.? There’s a decent chance that an “iBuyer” will purchase it. Raleigh had the largest share of homes bought by companies that use technology to make instant offers on homes. Nearly 7% of homes sold in Raleigh in the third quarter of 2019Read More →
An Alabama man has taken legal action against the security-camera brand Ring after a hacker accessed his device and taunted his kids, according to his reported claim. John Baker Orange filed a class-action lawsuit Thursday against Amazon AMZN, -1.23% and the security product, claiming the camera system is “fatally flawed,”Read More →
Facebook Inc. FB, +0.12% and Twitter Inc. TWTR, +0.31% have taken down a global network of fake accounts used in a coordinated campaign to push pro-Trump political messages, including some that used artificial intelligence tools to try to mask the behavior, the companies and outside research firms they worked withRead More →
Amarin Corp.’s stock moved toward a new decade-high price in the extended session Friday after a Food and Drug Administration marketing approval that gave its drug Vascepa a wider use. U.S. traded shares of Dublin-based Amarin AMRN, +4.92% rose more than 5% Friday after being halted for half the tradingRead More →
LAS VEGAS — Amazon.com Inc. has preached the power of the cloud in managing mountains of data. On Wednesday, it announced a whopper of a deal that puts its philosophy to the test: Amazon Web Services is teaming with FINRA CAT LLC, a subsidiary of the Financial Industry Regulatory Authority,Read More →
Social-media site Twitter Inc. has collected a lot of likes on its debut $600 million junk-bond deal in the past two days. Yields on the nearly eight-year parcel of bullet bonds, due in 2027, have narrowed to an indicative level of 4% yield from an 4.5% area, according to oneRead More →
In a stunning deal that shows how much the craft-beer industry has changed in recent years, Constellation Brands Inc. on Tuesday unloaded the Ballast Point beer brand — which it bought for a record price in 2015 — to a little-known Chicago-area brewer for an undisclosed sum. Highwood, Ill.-based KingsRead More →
Cannabis stocks fell for a third straight day Monday, weighed down by the industry’s continued weak fundamentals with companies still posting losses as they struggle to generate revenue. The market is digesting the final third-quarter numbers from Canadian and U.S. players and sentiment is being hurt by weaker-than-expected results, accordingRead More →
The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4bn bid for the U.K. satellite company on Monday, just one day before a scheduled court hearing to approve the deal. The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment BoardRead More →
Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89% fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →
HP Inc. again rejected acquisition overtures from Xerox Corp. on Sunday, in a sharply worded letter that questioned the copier company’s ability to raise enough cash and its future viability. In a letter to Xerox Chief Executive John Visentin, HP CEO Enrique Lores and Chairman Chip Bergh, on behalf ofRead More →
For Tesla Inc.’s Cybertruck, beauty is in the eyes of the believers, while the rest wonder who is going to buy that thing beyond the hard-core fan base. Bullish financial analysts defended Tesla TSLA, -6.14% and its latest electric car concept Friday morning, saying that devoted fans will buy theRead More →
Cannabis stocks ended their three-day winning streak on Friday, as the euphoria sparked by a House vote in favor of a bill that would lift the U.S. federal ban eased and investors refocused on the sector’s weak fundamentals. The bill, introduced by House Judiciary Committee Chairman Jerrold Nadler, a NewRead More →
Cannabis stocks rallied across the board Thursday, as investors returned to the beaten-down-sector with a fresh enthusiasm, following a historic House vote in favor of a bill that would lift the federal ban on weed. The three biggest Canadian licensed producers – Canopy Growth, Cronos Group and Aurora Cannabis –Read More →
