Saying it's lost patience with missteps and earnings shortfalls, a large shareholder at Yelp is seeking a board reshuffle at the online review site...
Detour Gold Corp. has delayed by two days a special meeting slated for Tuesday after early tallies showed activist investor Paulson & Co. won a majority of seats on the miner’s board. The New York hedge fund run by billionaire John Paulson has been pushing to replace the bulk of Detour Gold’s directors since June...
The two law firms that are investigating misconduct at CBS are due to deliver their report to the company's board of directors soon. The New York Times has already been ...
SYDNEY (Reuters) - Australia's largest pension fund, AustralianSuper, said it will vote against the executive pay of three of the country's biggest banks, in a show of the investment community's souring attitude towards the sector following a year-long misconduct probe...
(Reuters) - Large private companies in Britain will have to comply with governance standards for the first time from 2020 in a response to the collapse of unlisted retailer BHS that left thousands of people out of a job...
LONDON (Reuters) - Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder resolution urging BP to set hard targets for reducing overall carbon emissions. Follow This, a Dutch organisation that spearheaded a number of climate shareholder resolutions at Royal Dutch Shell AGMs over the past three years said it also filed one with the Anglo-Dutch company for 2019...
(Bloomberg) -- As tuition continues to rise and the U.S. student debt crisis intensifies, some private college presidents are bringing home more money than ever. Sixty-one of them, to be exact, are being paid more than $1 million. That figure, from the Chronicle of Higher Education’s ranking of compensation for the heads of U.S. colleges, is up from the previous year’s total of 58 million-dollar winners...
The former Twitter CEO has sold or given away millions of shares since April. He’s staying mum about why...
O'Reilly Automotive (NASDAQ:ORLY) declared that its Board of Directors has initiated a stock buyback program, which allows the company to ...
Burger chain Jack in the Box (NASDAQ: JACK) is considering selling itself, according to recent reports. And while a franchisee revolt against management may not have directly caused the company to explore a sale, the restaurant operators certainly aren't standing in the way...
FRANKFURT/NEW YORK, Dec 7 (Reuters) - Activist investor Elliott has taken a position in Germany's Bayer, adding to the slew of investments the fund has made in German companies, three people familiar with the matter told Reuters on Friday...
General Electric made its sharp dividend cut official on Friday, announcing a quarterly dividend of a penny per share...
The Motability scheme enables disabled people to lease adapted cars by using by their enhanced mobility disability benefits – either disability living allowance or its successor, personal independence payment. Photograph: Andrew Matthews/PA More The boss of the business that leases cars to people with disabilities on behalf of the Motability charity is stepping down after it emerged he is set to receive a £2.2m bonus on top of his seven-figure salary...
In a move reportedly initiated by the United States, Canadian authorities detained Meng Wanzhou, chief financial officer for Huawei Technologies of China, Dec. 1 in Vancouver, British Columbia. She faces extradition to the U.S. According to CBS News , the U.S. Justice Department declined to comment. China’s Foreign Ministry demanded Meng’s release on Thursday and said neither Canadian nor U.S. officials have offered a reason for her detention...
Dec 6 (Reuters) - Del Frisco's Restaurant Group Inc adopted a shareholder rights plan, or "poison pill", with a 10 percent trigger on Wednesday to counter activist investor Engaged Capital, which is pushing for its sale...
Eddie Lampert, the chairman and former CEO of Sears (who some blame for the retailer’s current financial woes), wants to buy the embattled chain for $4.6 billion.
ESL Investments, Lampert’s hedge fund, said it had submitted the bid to the bankruptcy court in a statement Thursday...
Jay Clayton, the Trump-appointed chairman of the Securities and Exchange Commission, on Thursday outlined his priorities for next year, which include new rules for financial professionals and improving the proxy process. The 2019 “Reg Flex” agenda focuses on the “initiatives we reasonably expect to complete” said Clayton. He told an audience at Columbia University on Thursday that the regulator is more productive, advancing 88% of the rules on its short term agenda this year...
Washington State regulators say they have denied Hydro One Ltd.'s proposed takeover of Avista Corp. citing political interference in the Ontario utility by the Doug Ford government...
Facebook's board has chief operating officer Sheryl Sandberg's back...
Pursued by an activist investor and tallying a $164 million net loss in its third quarter, Hudson’s Bay Co. still managed to stir up some enthusiasm among industry analysts and investors after its earnings release Wednesday. The reason for hope, says one industry observer, is the company’s new chief executive, Helena Foulkes. By no means are they out of the woods yet “They have a pulse now,” said Bruce Winder, partner at Retail Advisors Network...
USA Gymnastics filed for reorganization under Chapter 11 of the Bankruptcy Code, which will allow it to continue operating while also resolving the sexual abuse claims made by several athletes against former USA Gymnastics national team doctor Larry Nassar...
An epic battle that was building up for control of Campbell Soup 's (NYSE: CPB) boardroom looks as if it will end with a whimper. Both sides had appeared to be digging in their heels with increasingly acrimonious charges, until billionaire investor Daniel Loeb and the Campbell board of directors recently announced a truce...
Proxy adviser Glass Lewis on Wednesday backed Paulson & Co.’s call to overhaul Detour Gold Corp.’s board, days after another adviser stopped short of recommending more aggressive changes demanded by the activist investor. Detour’s existing management has been resisting Paulson’s push for a board shakeup and the immediate dismissal of interim chief executive officer Michael Kenyon and chairman Alex Morrison. Paulson has about 6 per cent stake in Detour...
