Elliott wants Hyundai Motor Group to adopt holding company structure
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management said on Monday a restructuring plan proposed by Hyundai Motor Group to simplify its shareholding structure was not enough, and recommended it create a holding company, among other measures.
Hasbro blames Toys ‘R’ Us for dismal first quarter
(Reuters) – Toymaker Hasbro Inc fell well short of Wall Street expectations for profit in the first quarter as the bankruptcy of Toys ‘R’ Us spurred a nearly $100 million shortfall in revenue.
Halliburton revenue jumps on higher North American demand
(Reuters) – Oilfield services provider Halliburton Co reported a 34 percent jump in first-quarter revenue on Monday as North American companies boosted oil and gas production amid rising oil prices.
Volvo Trucks plans to share electric truck battery tech across brands
TOKYO (Reuters) – Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component, as the world’s second-largest truck maker ramps up electric offerings, the company tol…
Stocks stumble as U.S. yields near the 3 percent barrier
LONDON (Reuters) – World stocks slipped on Monday ahead of a blizzard of earnings from the world’s biggest firms and as wary investors watched U.S. bond yields approach peaks that have triggered market spasms in the past.
China may backslide on deleveraging if trade war looms
BEIJING (Reuters) – China’s efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by the simmering trade dispute with the United States, economists warn.
Low profile hedge funds post high returns in year after New York Sohn conference
NEW YORK (Reuters) – One of the year’s most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry’s lower-profile managers will probably provide the most profitable ideas.
Libya examines Total-Marathon purchase, casting doubt on deal: sources
TUNIS/LONDON (Reuters) – Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy a Marathon Oil stake in the country’s Waha concessions, several sources familiar with the matter told Reuter…
GM Korea drops bankruptcy vote plan after last-minute wage deal
SEOUL (Reuters) – General Motors Co’s (GM) South Korean unit dropped a plan to consider filing for bankruptcy after winning concessions on pay, bonuses and benefits from its labor union in a tentative deal reached on Monday.
GM Korea reaches tentative wage deal, avoids bankruptcy
SEOUL (Reuters) – General Motors Co’s South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation…
