Third Point launches proxy fight for full Campbell board
Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action…
Stock futures extend losses after jobs data
U.S. stock index futures extend losses on Friday after strong U.S. jobs data underscored tightening labor market conditions and cemented expectations for the Federal Reserve increasing interest rates further.
U.S. job growth surges; annual wage growth largest since 2009
U.S. job growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration’s escalating trade war with China.
Verizon’s media and advertising head Tim Armstrong to leave: WSJ
Verizon Communications Inc’s head of media and advertising business, Tim Armstrong, is in talks to leave the U.S. wireless carrier, the Wall Street Journal reported on Friday, citing people familiar with the matter.
World shares driven towards worst week since March by trade tensions
World shares limped toward their worst week in almost six months on Friday, with Asia carving out a 14-month trough as investors braced for a new salvo of Sino-U.S. tariffs.
Third Point looks to replace Campbell Soup’s entire board
Activist investor Daniel Loeb’s hedge fund Third Point LLC on Friday said it nominated a slate of directors to replace Campbell Soup Co’s entire board.
Premier hopes U.S. firms will boost China investment: state TV
China will continue opening up and improving market access, Premier Li Keqiang said, adding that he hoped U.S. firms would boost investment in the world’s second-largest economy, state television reported on Friday.
VW faces about $10.7 billion investor suit over dieselgate scandal
Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015.
J&J to work with India on compensation for recalled hip implants
Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high failure rates.
UK authorities working to better understand BA cyber attack: PM’s spokeswoman
The government is aware of a cyber attack affecting British Airways customers and authorities are working to better understand the incident, Prime Minister Theresa May’s spokeswoman said on Friday.
