Advertisements


PG&E rout may be hitting hedge funds after raised bets before fire

Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp's tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California's deadliest wildfire......»»

Category: topSource: REUTERS8 min. ago Related News

Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal......»»

Category: topSource: REUTERS8 min. ago Related News

Proxy advisory firm ISS recommends for all Third Point nominees at Campbell

Shareholder advisory .....»»

Category: topSource: REUTERS8 min. ago Related News

Several high-profile funds raised stakes in GE before selloff: filings

Several prominent investors raised their stakes in General Electric Co in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday......»»

Category: topSource: REUTERS1 hr. 22 min. ago Related News

U.S. lawmaker says Facebook cannot be trusted to regulate itself

Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee's antitrust panel, said on Wednesday that Facebook cannot be trusted to regulate itself and Congress should take action......»»

Category: topSource: REUTERS1 hr. 52 min. ago Related News

General Electric pulls out of Nigeria rail concession

General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday......»»

Category: topSource: REUTERS1 hr. 52 min. ago Related News

Suncor CEO to retire next year, be replaced by COO

Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time......»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

Prominent managers loaded up on Apple before recent tumble

Several prominent investors p.....»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

Oil rebounds from steep sell-off as OPEC, partners discuss supply cut

.....»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

Walmart"s LatAm delivery app Cornershop eyeing Canada and U.S

Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for the three-year-old mobile app said......»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

Lockheed gets interim payment for first multiyear F-35 contract: Pentagon

Lockheed Martin Corp has won a preliminary contract valued at up to $22.7 billion to build a batch of 255 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Wednesday......»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

PG&E shares and bonds plunge as California wildfire risks mount

PG&E Cor.....»»

Category: topSource: REUTERS2 hr. 52 min. ago Related News

Short-seller Kyle Bass wants U.S. to bet big on 5G

Prominent short-seller Kyle Bass says an economic stimulus package will be needed to avoid a U.S. recession in 2020 and at the top of the spending list should be an infrastructure program focused on building out 5G wireless technology......»»

Category: videoSource: REUTERS3 hr. 37 min. ago Related News

Snap reveals U.S. subpoenas on IPO disclosures

The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters. Jade Barker reports......»»

Category: videoSource: REUTERS3 hr. 37 min. ago Related News

Worries about global economy, trade, Brexit tank markets, says Avalon"s Bill Stone

There is more headline risk for sectors such as financials and healthcare after mid-term elections, says Bill Stone, co-chief investment officer at Avalon Advisors. Aleksandra Michalska reports......»»

Category: videoSource: REUTERS3 hr. 37 min. ago Related News

Wall Street falls

U.S. stocks fell as financial stocks were hit by fears of tightening regulations on the banking industry. Jade Barker reports......»»

Category: videoSource: REUTERS3 hr. 37 min. ago Related News

Sterling pares losses after UK cabinet backs Brexit deal

Sterling scaled back its losses against the euro and dollar on Wednesday after Britain's Prime Minister Theresa May said her cabinet backed her Brexit deal......»»

Category: topSource: REUTERS4 hr. 22 min. ago Related News

Pfizer loses drug patent fight in UK top court, may face claims

Pfizer lost the final round in a lengthy patent battle in Britain on Wednesday after the country's highest court ruled against it in a case involving its $5 billion-a-year pain drug Lyrica, exposing the company to possible financial claims......»»

Category: topSource: REUTERS4 hr. 22 min. ago Related News

Ackman"s Pershing Square exits Mondelez in favor of other bets

Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings......»»

Category: topSource: REUTERS4 hr. 22 min. ago Related News

Jury clears J&J of liability in California talc cancer case

A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said......»»

Category: topSource: REUTERS4 hr. 22 min. ago Related News