Activist investor Ackman unveils $900 million position in Starbucks
William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp as he sees a chance for the world’s biggest coffee chain to reignite growth even as it struggles with stagnant…
Google challenges record $5 billion EU antitrust fine
Alphabet unit Google on Tuesday challenged a record 4.34-billion euro ($5 billion) fine imposed by European Union antitrust regulators three months ago for using its popular Android mobile operating system to thwart rivals.
Google unveils new Pixel phone, adds tablet in Apple challenge
Alphabet Inc’s Google on Tuesday unveiled the third edition of its Pixel smartphone, a Google Home smart speaker with a display and its first tablet computer as it makes a come-from-behind push into hardware.
Exclusive: EU privacy chief expects first round of fines under new law by year-end
Regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end of the year, the bloc’s privacy chief said.
Wall St. edges lower as tech rally fades, global growth woes weigh
U.S. stocks edged lower on Tuesday after the International Monetary Fund said the Sino-U.S. trade war would hurt global growth, and as a rebound in technology stocks lost steam.
Ackman’s Pershing Square unveils new position in Starbucks: sources
William Ackman’s activist hedge fund Pershing Square Capital Management has taken a new position in Starbucks Corp , according to attendees at a conference where the billionaire investor spoke on Tuesday.
Tech stocks prop up Wall Street amid global growth worries
The S&P 500 and the Nasdaq rose for the first time in four days on Tuesday, boosted by a rebound in technology stocks, but gains were kept in check after the International Monetary Fund said the Sino-U.S. trade war would slow global growth.
HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim
HSBC on Tuesday said it would pay $765 million to the United States Justice Department to settle claims it mis-sold mortgage-backed securities between 2005 and 2007.
Stocks climb, with Wall Street lifted by tech, bond yield retreat
Equity markets climbed in Europe and the United States, with Wall Street buoyed by a rebound in technology shares off two-month lows and as long-dated U.S. Treasury yields pulled back from multi-year highs.
Trump repeats threat of more tariffs if China retaliates on trade
President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war….
