S&P 500, Dow end lower with drag from energy stocks
The S&P 500 and Dow ended down slightly on Thursday as gains in Apple and Amazon were offset by losses in energy shares.
Goldman Sachs sued by ex-managing director who said he was whistleblower
Goldman Sachs Group Inc was sued on Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified, “notorious European businessman.”
Tech stocks extend recent gains, S&P 500 nears record high
The S&P 500 was up slightly on Thursday afternoon and again close to a record high on the back of gains in Apple, Amazon and Microsoft.
Tesla shares fall 5 percent on Wall St. skepticism, SEC probe reports
Tesla Inc’s shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fueled by Chief Executive Elon Musk’s recent tweet announcing a plan to take the company private.
Glenview backs Cigna-Express Scripts deal after Icahn criticism
Hedge fund Glenview Capital Management on Thursday backed health insurer Cigna Corp’s deal to buy pharmacy benefit manager Express Scripts in the face of stiff opposition from activist investor Carl Icahn ahead of a shareholder vote.
Tribune Media ends merger deal with Sinclair, files suit
Tribune Media Co terminated its $3.9 billion sale to Sinclair Broadcast Group on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved by taking too long and being to…
Exclusive: Third Point prepares to call for Campbell Soup sale – sources
Daniel Loeb’s activist hedge fund Third Point LLC is in talks to partner with Campbell Soup Co shareholder George Strawbridge to call for a sale of the U.S. consumer company, people familiar with the matter said on Thursday.
Is SpaceX the model for a private Tesla?
Tesla Inc Chief Executive Officer Elon Musk has held up his closely held space transportation company SpaceX as a model for taking his loss-making electric car company private, saying he wants existing Tesla investors to continue to hold stock.
Tesla shares fall as investors await Musk’s funding plan
Tesla shares down 2.7 percent in late morning trade as investors jittery about CEO Elon Musk’s plan to take co private for $420/shr, valuing co at more than $70 billion
Exclusive: Donerail Group in talks to buy Chicago Tribune owner Tronc – sources
Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc , the publisher of Chicago Tribune, people familiar with the matter said on Thursday.
