Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
(Reuters) – Elliott Investment Management has taken a $1 billion stake in Phillips 66 (NYSE:PSX) and is urging the U.S.…
Global firms rush to buy Alipay’s stake in India’s Zomato
(Reuters) – Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed…
Toyota and affiliates divest 8% stake in Denso in $4B deal
Toyota (NYSE:TM) and two related companies have announced plans to divest a minimum of 8% stake in supplier Denso (6902.T),…
Pro Research: Wall Street eyes Microsoft’s AI strategy
In the ever-evolving tech landscape, Microsoft Corporation (NASDAQ:MSFT) stands out as a beacon of innovation and strategic growth. With a…
Pro Research: wall Street takes a closer look at Cisco’s prospects
In the competitive landscape of networking and telecommunications, Cisco Systems Inc (NASDAQ:CSCO). stands as a formidable player. The company’s journey…
US Supreme Court weighs legality of SEC in-house enforcement
(Reuters) – The U.S. Supreme Court began hearing arguments on Wednesday on the legality of the Securities and Exchange Commission’s…
KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
(Reuters) – KKR & Co (NYSE:KKR) said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial…
Europe’s Signa toppled in property rout
(Reuters) -Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it…
Dollar Tree (NASDAQ:DLTR) Misses Q3 Sales Targets
Discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) fell short of analysts’ expectations in Q3 FY2023, with revenue up 5.4% year on…
Intuit first-quarter results top estimates, but earnings guidance falls short
Shares in Intuit (NASDAQ:INTU) edged higher in premarket U.S. trading on Wednesday after the software group reported better-than-expected fiscal first-quarter…