American Airlines ‘unaware’ of some Boeing 737 MAX functions until last week: spokesman
American Airlines Group Inc said on Wednesday it was “unaware” of some functions of an anti-stall system on Boeing Co’s 737 MAX until last week.
Asia stocks lifted by China-U.S. trade hopes; oil resumes retreat
Asian stocks rose on Thursday, cheered by a bounce in Chinese equities on signs China and the United States may be taking steps to de-escalate their bitter trade dispute, while oil prices resumed their retreat on fears of oversupply.
Proxy advisory firm ISS favors vote for Third Point nominees at Campbell
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy…
Euro, pound firmer after Brexit deal but broader concerns support dollar
The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains.
Proxy advisory firm ISS recommends for all Third Point nominees at Campbell
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point’s board nominees, giving a boost to the activist firm, which is fighting a high profile proxy…
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.
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.
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.
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.
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 Inc cannot be trusted to regulate itself and Congress should take action.
