Trian and P&G highlight activist-corporate collaboration after ‘fog of war’
Eighteen months after officially burying the hatchet in one of America’s most bitter proxy contests, Procter & Gamble Co CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and corporations can end up working collaboratively.
Shares rise after Fed rate cut, oil prices gain
A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply r…
Microsoft nudges S&P 500 toward record high
Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing.
Mediaset strikes deal to limit withdrawal rights impact in pan-EU TV deal
Italian broadcaster Mediaset said on Thursday it had reached an agreement with Peninsula Holding to limit the impact of the exercise of withdrawal rights in its deal to create a pan-European TV platform (MFE).
Microsoft, health shares boost Wall Street; S&P 500 eyes record high
Gains in Microsoft and healthcare shares boosted Wall Street’s main indexes on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing.
Chinese officials to visit U.S. farmland as trade talks continue: U.S. agriculture chief
(In September 19 story corrects to remove reference to agriculture minister, paragraph 3)
Trump adviser says U.S. president ready to escalate trade war if no deal agreed soon: SCMP
A trade adviser to Donald Trump has said the U.S. president is ready to escalate the ongoing trade war with China if a trade deal is not agreed soon, the South China Morning Post reported on Thursday.
Saudi attacks rattle shippers’ plan to switch fuels
Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow to the shipping industry’s preparations for the biggest switch in fuel standards in decades.
Tech investors: No broad lessons seen in WeWork valuation drama
Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork.
Embattled Facebook CEO Zuckerberg seeks to mend fences in Washington
Facebook Chief Executive Mark Zuckerberg has met with some of his company’s toughest critics, facing aggressive questions over the social network’s failures to protect consumer privacy and a call on Thursday to sell WhatsApp and Instagram.
