Billionaire investor Ackman loses bitter ADP proxy battle
ROSELAND, N.J. (Reuters) – William Ackman got what Automatic Data Processing Inc’s chief executive called an “ass-whipping” on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company’s board.
Alphabet’s Waymo to launch robotaxis with no human in driver’s seat
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday.
EU’s Vestager seeking details on Apple’s recent tax set-up
LISBON (Reuters) – European Union regulators have asked iPhone maker Apple for details of its recent tax structure following last year’s order to pay back taxes of up to 13 billion euros ($15 billion) to Ireland, Europe’s anti-trust chief said on Tuesd…
Wall Street extends losses as financial stocks weigh
(Reuters) – Wall Street added to losses in early afternoon trading on Tuesday, with the S&P and the Dow weighed down by financial stocks and the Nasdaq slipping on weak forecast from travel services company, Priceline.
Bridgewater paid off employee after relationship with top executive: WSJ
(Reuters) – Bridgewater Associates paid a settlement to a woman who was fired after having a consensual relationship with top executive Greg Jensen, The Wall Street Journal reported on Tuesday.
Waymo launching ride-hailing service in Phoenix with no human behind wheel
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving unit is launching a ride-hailing service for the general public with no human driver behind the steering wheel and has been testing such fully self-driving cars on public roads in Arizona, Chi…
Sky investor Odey opposes Fox bid as Disney talks fuel uncertainty
LONDON (Reuters) – Investor Crispin Odey said he opposed Twenty-First Century Fox’s $15 billion bid for Sky after a report of separate talks between Rupert Murdoch and Walt Disney Co added more uncertainty to a takeover facing regulatory hurdles.
Ackman’s Pershing Square loses bitter ADP proxy battle
ROSELAND, N.J. (Reuters) – Activist hedge fund manager William Ackman lost his bid on Tuesday to win seats on the board of Automatic Data Processing Inc after a hostile, months-long proxy contest that was crucial to him retaining support from some of …
Priceline shares tumble as profit forecast misses Street view
(Reuters) – Shares of Priceline Group Inc fell 10 percent in early trading on Tuesday after the U.S. online travel service provider forecast fourth-quarter profit sharply below Street expectations, as it spends heavily to expand advertising its Bookin…
Wall Street hits new records as healthcare stocks rise
(Reuters) – All three major indexes hit record levels in early trading on Tuesday as healthcare stocks rose on robust earnings and investors remained upbeat about a cut in corporate taxes.
