All directors shareholders disappointed by Chipotle slide All directors shareholders disappointed by Chipotle slide: Ackman’s Pershing Square Capital Management holds a 10 percent stake, making the hedge fund the largest investor in the fast-casual burrito chain. “There is not a member of the board of directors; there is not a […]
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Committed to hydrogen cars despite potential game changer EV battery Committed to hydrogen cars despite potential game changer EV battery: Having long touted fuel-cell vehicles and plug-in hybrids as the most sensible technologies to make cars greener, Japan’s top-selling automaker surprised industry watchers last year with plans to add full-sized […]
Amazon rivals turn to legal fine print to stem Whole Foods strategy Amazon rivals turn to legal fine print to stem Whole Foods strategy: As City Center mall’s largest tenant, Target Corp had a say over changes to the property. According to people familiar with the lease discussions, Target balked […]
Apple sees its mobile devices as platform for artificial intelligence Apple sees its mobile devices as platform for artificial intelligence: Later this week, Apple is set to begin taking pre-orders for its new smartphone, the iPhone X – which starts at $999 and uses artificial intelligence (AI) features embedded in […]
George Soros foundations now control $18 billion George Soros foundations now control $18 billion: The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York […]
Kobe Steel faked product data for more than 10 years Kobe Steel faked product data for more than 10 years: Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with […]
T-Mobile Sprint plan merger without selling assets T-Mobile Sprint plan merger without selling assets: While it is common for companies not to unveil divestitures during merger announcements, T-Mobile’s and Sprint’s approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without […]
Wall Street ends higher dollar down after Fed minutes Wall Street ends higher dollar down after Fed minutes: Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve’s September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after […]
Ackman reaches out to ADP retail investors Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the […]
Bond prices, yen rise on North Korea concerns Bond prices, yen rise on North Korea concerns: U.S. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. North Korea said it might test […]
