Apple jumped 0.9% after Jefferies upgraded it to ‘buy’ from ‘hold’, saying consensus estimates for iPhone sales are too […]
Tag: shareholders
Qualcomm says NXP deal is dead, even as China seen open to okaying it
U.S. chipmaker Qualcomm Inc rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer […]
Explainer: Danske Bank’s 200 billion euro money laundering scandal
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first […]
Activist investor Icahn sues Dell over IPO plans
Activist investor Carl Icahn sued here Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information […]
Deutsche Bank draws activist investment from former JPMorgan CFO
New York-based activist hedge fund Hudson Executive Capital LP has taken a stake in Deutsche Bank, the German lender said […]
Bunge expands board under activist pressure, shares drop
Bunge Ltd said it will add four directors to its board and create a strategic review committee to explore options […]
Toshiba: Memory chip unit sale to boost annual profit by a third
“We expect net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale […]
Adidas sees ongoing sourcing shift from China to Vietnam
The chief executive of Adidas (DE:ADSGn) expects a shift in its sourcing of footwear from China to Vietnam to continue […]
Telecom Italia CEO: My position would be ‘untenable’ if Elliott wins board majority
According to a newspaper interview, Telecom Italia (MI:TLIT) (TIM) CEO Amos Genish said his position at Italy’s biggest phone group […]
China buckles rules on non-financial firms investing in financial institutions
Financial regulators and China’s central bank have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions. According […]
