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    1. Theratechnologies Appoints New Board Member

      Theratechnologies Appoints New Board Member

      MONTREAL, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (Theratechnologies) (TSX: TH) today announced the appointment of Mr. Gary Littlejohn as a new independent member to its Board of Directors. “Gary brings a diversified background and expertise and he will bring additional strength to the Board at a time when the Company is growing,” said Mrs...

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    2. Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger

      Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger
      • Broadcom and CA shares slid Wednesday after Senator Rand Paul (R-Ky.) called for a federal national security review of their merger.
      • Shares trimmed their losses after Broadcom said there was a "fraudulent memo" circulating around Congress that called for a CIFUS review of their merger.
      • Broadcom announced an $18.9 billion deal to acquire CA in July...
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    3. Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company

      Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company
      • Bill Ackman, the billionaire founder of Pershing Square Capital Management, disclosed a stake in Starbucks on Tuesday, according to multiple reports.
      • Starbucks shares jumped by as much as 5% following the news.
      • In August, Ackman said he had bought shares of an undisclosed company worth $800 million.
      • Watch Starbucks trade in real time here.

      Starbucks shares jumped by as much as 5% Tuesday on news that the hedge-fund billionaire Bill Ackman had bought a stake in the coffee retailer...

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    4. CEO of the Beverage Giant Behind Corona: Cannabis is one of the 'Most Significant' Growth Opportunities of the Next Decade

      CEO of the Beverage Giant Behind Corona: Cannabis is one of the 'Most Significant' Growth Opportunities of the Next Decade

      Constellation Brands' CEO Rob Sands is "extremely bullish" about the burgeoning cannabis industry . He defended the company's $4 billion purchase of a 38% stake in Canopy Growth on a call with investors on Thursday. "We're not playing defense, we're playing offense," Sands said. The beverage giant behind Corona and Modelo is bullish about the future of the legal cannabis industry...

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      Mentions: Investors CEO stake
    5. 'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors

      'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors
      • Last week, Tesla CEO Elon Musk reached a settlement with the Securities and Exchange Commission agreed with the companies board of directors to be more constrained in his use of Twitter.
      • On Friday, however, Musk was back to complaining about investors who bet against Tesla shares, saying they diminish the stock's true returns.
      • "When CEOs criticize short selling, its usually because they're looking to deflect blame for their own failing," one prominent short seller told Business Insider...
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    6. AutoNation Chief Mike Jackson is Stepping Down

      AutoNation Chief Mike Jackson is Stepping Down
      • AutoNation Chief Executive Mike Jackson will step down after nearly two decades at the dealership.
      • He will stay on as executive chairman as the board looks for a successor.
      • Watch AutoNation trade in real time here.

      After leading the US's largest dealership chain for nearly two decades, AutoNation Chief Executive Mike Jackson will step down from the role next year. Jackson will transition from his current role to executive chairman in 2019...

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    7. Netflix Names the CEO of Business Insider's Parent Company to its Board

      Netflix Names the CEO of Business Insider's Parent Company to its Board
      • Netflix appointed Mathias Döpfner to join its board of directors.
      • Döpfner is chairman and CEO of Axel Springer SE, a leading European digital-publishing house based in Berlin, Germany, and Business Insider's parent company.
      • Döpfner helped grow Axel Springer SE's digital revenues, which now account for 80% of the company’s operating income, from €117 million to €2.5 billion.

      Netflix appointed a leader in digital publishing to join its board of directors...

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    8. Amazon Becomes the 2nd US Company to join the $1 Trillion Club

      Amazon Becomes the 2nd US Company to join the $1 Trillion Club
      • Amazon is the second US company to reach a $1 trillion valuation, after Apple hit the milestone earlier this month.
      • The stock gained 2% to hit the magic number of $2,050.27 per share on Tuesday.
      • Follow Amazon's stock price in real time here.

      It’s official: Amazon is the second American company to achieve a valuation of more than $1 trillion...

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    9. The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX

      The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX
      • The US Securities and Exchange Commission is mulling options to let retail investors in on private-company fundraising, the agency's chief told the Wall Street Journal.
      • Main Street investors are largely excluded from private fundraising for companies like SpaceX, Uber, and Airbnb because of regulations...
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      Mentions: Investors SEC Uber
    10. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

      Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
      • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
      • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...
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      Mentions: Investment CEO SEC
    11. Warren Buffett’s Berkshire Hathaway is Climbing After Announcing a $111 Billion Cash Pile That's Fueling Speculation Over its Next Big Investment

      Warren Buffett’s Berkshire Hathaway is Climbing After Announcing a $111 Billion Cash Pile That's Fueling Speculation Over its Next Big Investment

      Berkshire Hathaway over the weekend reported a jump in quarterly profits and a $111.1 billion cash pile.

      • Shares are up about 4% since the beginning of 2018.
      • Follow Berkshire's stock price in real-time here.

      Shares of Berkshire Hathaway — the conglomerate run by billionaire investor Warren Buffett — were up more than 2% in early trading Monday after the company reported a jump in quarterly profits and a $111.1 billion cash pile over the weekend...

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    12. 'It is a Full Blown War Going On': The CEO of MoviePass' Parent Company Wants to Use its Subscribers as an Army Against Traditional Theaters

      'It is a Full Blown War Going On': The CEO of MoviePass' Parent Company Wants to Use its Subscribers as an Army Against Traditional Theaters
      • HMNY, which owns 92% of MoviePass, doubled down on the company's bet against traditional theaters on Monday.
      • "Make no bones about it, it is a full blown war going on," CEO Ted Farnsworth told shareholders at a special meeting.
      • Investors approved two proposals at the meeting that could help the company avoid being booted from the Nasdaq stock exchange...
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    13. Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's

      Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's
      • Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
      • News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
      • Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
      • Follow Lowe's stock price in real-time here.

      Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO...

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    14. JC Penney Tumbles as its CEO heads to Lowe’s

      JC Penney Tumbles as its CEO heads to Lowe’s
      • JC Penney chief executive Marvin Ellison will be the new CEO of Lowe's.
      • Shares of the embattled chain sank as much as 8%.
      • Follow JCP stock in real-time here.

      Shares of JC Penney fell as much as 8% in early trading Tuesday after it was announced that CEO and chairman Marvin Ellison resigned and is headed to Lowe’s home improvement chain...

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      Mentions: CEO Bloomberg Lowe's
    15. A Tesla Board Member Was Ousted From His Venture Capital Firm Amid Sexual Harassment Allegations — Now There are Calls for him to be Booted From the Automaker Too

      A Tesla Board Member Was Ousted From His Venture Capital Firm Amid Sexual Harassment Allegations — Now There are Calls for him to be Booted From the Automaker Too
      • Steve Jurvetson, a member of Tesla's board since 2009, has been on a leave of absence for six months.
      • Proxy firm Glass Lewis is advising shareholders to boot him from his position due to the absence.
      • There is also pressure from investors to remove the board's director, as well as CEO Elon Musk's brother.
      • Follow Tesla's stock price in real-time here.

      Board seats are set to be a hot topic of discussion when Tesla shareholders vote at the company’s annual meeting next month...

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    16. Elon Musk's Brother Should be Booted from Tesla's Board as the Company's Looking 'more tenuous than ever'

      Elon Musk's Brother Should be Booted from Tesla's Board as the Company's Looking 'more tenuous than ever'
      • Tesla should remove Kimball Musk, James Murdoch, and Antonio Gracias from its board, an activist investor group said Wednesday.
      • CtW Investment Group said the company's "continuing success looks more tenuous than ever."
      • Follow Tesla's stock price in real-time here.

      A group of activist investors wants to radically shake up Tesla's board of directors...

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    17. AthenaHealth Soars After Elliott Management Makes $6.9 Billion Buyout Offer

      AthenaHealth Soars After Elliott Management Makes $6.9 Billion Buyout Offer
      • Elliott Management has made a $160-per-share cash offer for AthenaHealth, the hedge fund confirmed Monday.
      • Shares of Athena spiked more than 25% on the news.
      • Follow the stock in real-time here.

      Shares of AthenaHealth spiked nearly 25% Monday morning after Paul Singer's Elliott Management hedge fund made a cash offer of $160 per share — worth $6.9 billion — for the embattled healthcare IT company...

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    18. Warren Buffett's Berkshire Hathaway Dumps its Entire IBM Stake

      Warren Buffett's Berkshire Hathaway Dumps its Entire IBM Stake
      • Berkshire Hathaway has liquidated its entire stake in IBM, Warren Buffett said Friday.
      • IBM sank about 1% on the news.
      • Follow IBM’s stock price in real-time here.

      Warren Buffett’s Berkshire Hathaway has sold its entire stake in IBM, the billionaire investor said Friday in an interview with CNBC.

      "I think we have zero," Buffett said when asked if Berkshire owns any IBM shares. IBM's stock price fell about 1% after the news...

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    19. AT&T Says 13 Board Nominees Reelected For One-year Terms

      AT&T Says 13 Board Nominees Reelected For One-year Terms

      (RTTNews) - At its annual meeting of stockholders AT&T Inc. (T) announced that each of the 13 nominees to the company's board of directors were reelected for one-year terms. Each member received at least 94 percent of the shares voted. AT&T stockholders approved appointment of Ernst & Young LLP as the company's independent auditor...

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    20. Bill Ackman Reportedly Cashes out of his Nike Investment After Making about $100 Million

      Bill Ackman Reportedly Cashes out of his Nike Investment After Making about $100 Million
      • Pershing Square CEO Bill Ackman has cashed out his stake in Nike after making about $100 million, according to Dow Jones.
      • Ackman recently exited a years-long bet in Herbalife that reportedly cost him hundreds of millions of dollars.
      • The apparel maker is set to report earnings after the market close on Thursday.

      Bill Ackman has dumped his stake in Nike after making about $100 million, Dow Jones reported on Thursday...

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    21. Rite Aid Gains after Albertsons Agrees to the Buy the Drugstore Chain

      Rite Aid Gains after Albertsons Agrees to the Buy the Drugstore Chain
      • Rite Aid's stock rose Monday after Albertsons announced a deal to acquire the drugstore chain in a cash-and-stock deal.
      • The resulting merger will bring in an expected $83 billion in 2018 revenue.
      • After the deal closes, Albertsons' shares will be listed on the New York Stock Exchange.
      • View Rite Aid's stock price  in real time here...
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      Mentions: Walgreens Merger
    22. Riot Blockchain Plummets after CNBC Investigation Finds No Evidence of an Advertised Shareholders Meeting

      Riot Blockchain Plummets after CNBC Investigation Finds No Evidence of an Advertised Shareholders Meeting
      • In an interview with Business Insider, CEO John O'Rourke called the report "one-sided" and a "hit piece" that has "wiped out significant shareholder value."
      • Riot Blockchain fell 19% Friday after CNBC reported its annual shareholders meeting was never even booked...
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    1-24 of 48 1 2 »
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