Third Point seeks allies to put pressure on Campbell Soup: sources
Activist hedge fund Third Point LLC is meeting with some of Campbell Soup Co’s largest shareholders to seek support for changes at the U.S. consumer […more]
Month: July 2018
U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict
Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & […more]
China's Baidu tops profit estimates on ad sales growth
Chinese internet search giant Baidu Inc on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement […more]
China's Baidu posts 24.4 percent rise in quarterly revenue
China’s Baidu Inc reported a 24.4 percent rise in quarterly revenue on Tuesday, driven by gains in the internet search firm’s online ad business. […more]
Thyssenkrupp investor Elliott says divisions should have more say
Activist investor Elliott wants Thyssenkrupp to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following […more]
Bitcoin Cash Fans Celebrate Independence Day One Year Later
Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network […more]
Apple's pricey iPhone X, subscriptions deliver earnings beat
Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple […more]
GE wins $631 million U.S. defense contract: Pentagon
General Electric Co has been awarded a $631 million contract for repair, replacement and program support of engine components used on the F/A-18 E/F and […more]
NBA strikes sports betting deal with MGM as official partner
The National Basketball Association on Tuesday announced its first-ever official sports betting partner, MGM Resorts International , with the league agreeing to sell its official […more]
Devon Energy misses profit estimates as costs rise
U.S. oil producer Devon Energy Corp on Tuesday missed Wall Street estimates for quarterly profit as expenses rose, offsetting gains from higher oil production. […more]