Growing field of activist investors pushes companies to perform better
More investors who typically make passive bets flexed their muscles last year and helped push a total of 922 companies to perform better by improving operations and capital allocation, data from research group Activist Insight show.
Appaloosa steps up pressure on Allergan to split chairman, CEO roles
Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company’s sagging share price.
GSK pays up to $4.2 billion for Merck KGaA cancer immunotherapy
GlaxoSmithKline bolstered its cancer drug development pipeline on Tuesday, agreeing to pay up to 3.7 billion euros ($4.2 billion) to Germany’s Merck KGaA for the rights to a next-generation immunotherapy.
Wall Street gains ahead of Trump’s State of the Union address
Wall Street rose on Tuesday boosted by consumer discretionary and technology companies amid peak earnings, which have largely been positive so far, while investors wait for President Donald Trump’s State of the Union address.
Archer Daniels fourth-quarter profit misses estimates amid trade war woes
U.S. grains trader Archer Daniels Midland Co on Tuesday reported fourth-quarter earnings that fell short of estimates as three of its four key business groups reported results below the same period a year earlier.
Renault-Nissan alliance, Google to partner on self-driving cars: Nikkei
The Renault-Nissan-Mitsubishi alliance will tie up with Alphabet Inc’s Google to develop autonomous taxis and other services using self-driving vehicles, the Nikkei reported on Tuesday.
Appaloosa renews call to separate chairman, CEO roles at Allergan
Hedge fund Appaloosa LP has urged Allergan Plc’s board to separate the roles of chairman and chief executive officer, it said on Tuesday, a year after making a similar effort.
Viacom’s Netflix deal highlights content strategy; earnings mixed
Viacom Inc announced another film production deal with Netflix Inc through its Nickelodeon kids division, fleshing out a strategy to produce more shows and movies for others as streaming video giants battle for viewers.
Stocks sizzle at 2-month high before Trump State of the Union address
World stocks extended their white-hot start to the year on Tuesday, while the dollar was straining for a fourth day of gains as traders awaited U.S. President Donald Trump’s State of the Union address.
German state ready to buy company stakes to protect core industry
Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its Economy Minister said on Tuesday, presenting a marked shift in industrial strategy he said was needed to safeguard the country’s prosperity.
