BOSTON (Reuters) – Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains. FILE PHOTO: Tom Barrack, CEO of Colony Capital, speaks at the Republican
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HONG KONG (Reuters) – Alibaba Group’s (BABA.N) (9988.HK) Hong Kong shares closed their first trading session up 6.6% from the issue price after this year’s largest stock sale. Shares worth HK$13.99 billion ($1.78 billion) were traded, according to Refinitiv data, making it the third biggest debut on record for the Hong Kong market. Alibaba is
(Reuters) – PVH Corp (PVH.N) raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe. FILE PHOTO: Logo of Calvin Klein watches is seen at the Baselworld watch and jewellery fair in Basel, Switzerland, March 26,
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s (UBER.N)
ZURICH (Reuters) – Novartis AG (NOVN.S) is buying U.S. biotechnology company The Medicines Co (MDCO.O) for about $9.7 billion, the Swiss drugmaker said on Sunday, as it seeks to expand its portfolio of medicines against cardiovascular disease. FILE PHOTO: Switzerland’s national flag flies in front of the logo of Swiss drugmaker Novartis in Basel, Switzerland,
DUBAI (Reuters) – Saudi Aramco’s top executives have met officials of Kuwait’s sovereign wealth fund to convince them to invest in the oil giant’s initial public offering (IPO), which could raise as much as $25.6 billion, a source familiar with the matter said. FILE PHOTO: Amin H. Nasser, president and CEO of Saudi Aramco, speaks
FILE PHOTO: Switzerland’s national flag flies in front of the logo of Swiss drugmaker Novartis in Basel, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Swiss drugmaker Novartis AG (NOVN.S) is nearing an agreement to acquire U.S. biotechnology firm The Medicines Co (MDCO.O) for about $7 billion, the Wall Street Journal reported on Saturday.
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc on Friday filed a lawsuit in the U.S. Court of Federal Claims contesting the Pentagon’s award of an up to $10 billion cloud computing contract to Microsoft Corp. An
FILE PHOTO: A Boeing logo pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland, May 28, 2018. REUTERS/Denis Balibouse/File Photo SEATTLE (Reuters) – Boeing Co’s (BA.N) head of corporate communications, Ann Toulouse, elected to step down from her role and would retire next year, the world’s largest planemaker said on
BEIJING (Reuters) – China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is also not afraid to retaliate when necessary. FILE PHOTO: China’s President Xi Jinping looks on during a joint statement with Brazil’s President
CHICAGO (Reuters) – Boeing Co (BA.N) has settled more than half of some 118 claims related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday. FILE PHOTO: Rescue workers load up recovered debris of Lion Air flight
BEIJING (Reuters) – China will strive to reach a “phase one” trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at
(Reuters) – Wall Street’s main indexes were lower on Wednesday on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, and minutes from the Federal Reserve’s October policy meeting offered little help. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in
Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee LONDON (Reuters) – Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched its first sport utility vehicle
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo WASHINGTON (Reuters) – The chairman of the U.S. National Transportation Safety Board (NTSB) on Tuesday criticized Uber Technologies Inc (UBER.N)
WASHINGTON (Reuters) – A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent. FILE PHOTO: AFL-CIO union president Richard Trumka addresses the United Auto Workers union 37th Constitutional Convention in Detroit,