Activist fund Elliott adds potash to list of BHP grievances
SYDNEY (Reuters) – Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertilizer market, reiterating its call for change at the mining giant.
Backing of workers, communities key to Libya’s oil revival
SHARARA OIL FIELD, Libya (Reuters) – When the head of Libya’s state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people.
Goldman’s rotten trading quarter is a familiar smell on Wall Street
(Reuters) – Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on …
BOJ keeps policy steady, pushes back timing to hit price target
TOKYO (Reuters) – The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target on Thursday, reinforcing expectations it will lag well behind major global central banks in dialing back its m…
Brent oil climbs above $50 for first time since early June
LONDON (Reuters) – Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made the previous session when falling U.S. crude and oil product inventories lifted the market.
L3 Technologies CEO to retire, COO to take over
(Reuters) – Aerospace communication systems provider L3 Technologies Inc said on Wednesday that Chief Executive Officer (CEO) Michael Strianese would retire and Christopher Kubasik, who is currently the chief operating officer (COO), would succeed him…
Shares rise, euro near 14-month high ahead of ECB
LONDON (Reuters) – World shares extended a run of record highs on Thursday, as a cautious sounding Bank of Japan lifted Asian stocks to a near decade peak and Europe wagered on an incremental increase in confidence from the ECB at its latest meeting.
Activist Jana cashes out of Whole Foods following Amazon deal
(Reuters) – Activist investor Jana Partners LLC cashed out of its position in Whole Foods Market Inc , a regulatory filing showed on Wednesday, after the upscale grocer agreed to be acquired by Amazon.com Inc in a $13.7 billion deal last month.
After 17 years, S&P tech index breaks record
SAN FRANCISCO (Reuters) – It took 17 years, but the S&P 500 information technology index has finally recovered from the implosion of the dot-com bubble.
U.S. stock options attractive as earnings reports roll in
NEW YORK (Reuters) – The U.S. equity options market is pricing in uncharacteristically low stock market gyrations in the early days of second quarter corporate earnings reports, offering attractive opportunities for investors, market analysts said on W…
