Exclusive: China’s BAIC seeks to buy 5 percent Daimler stake – sources
BEIJING/FRANKFURT (Reuters) – China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as […]
3M cuts 2019 profit outlook on weak China, shares fall 11 percent
(Reuters) – Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings […]
Third Point up 9 percent in first quarter, fueled largely by Nestle gains
BOSTON (Reuters) – Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at […]
China’s Huawei posts 25 percent rise in 2018 profit on smartphone sales
FILE PHOTO: The Huawei logo pictured inside the Ox Horn campus at Songshan Lake in Dongguan, Guangdong province, China, March […]
Oil major Total CEO’s compensation drops 17 percent in 2018: company document
FILE PHOTO: Patrick Pouyanne, Chairman of the Board and Chief Executive Officer of Total, attends the World Economic Forum (WEF) […]
Gap shares surge 24 percent as Wall Street praises split
(Reuters) – Gap Inc shares surged as much as 24 percent on Friday as a number of Wall Street analysts […]
U.S. economic growth in 2018 misses Trump’s 3 percent target
WASHINGTON (Reuters) – The U.S. economy fell short of the Trump administration’s 3 percent annual growth target in 2018 despite […]
Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) – Pushing companies to perform better has earned Third Point a 300 percent return in the last eight […]
Teva Pharm expects about 25 percent of EpiPen market by year end
The CEO of Teva Pharmaceutical Industries Kare Schultz speaks during a news conference to discuss the company’s 2019 outlooks in […]
Ackman’s hedge fund gains nearly 25 percent in early 2019
William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New […]