Pfizer threatened to sue renegade executives prior to activist schism, Starboard’s Smith says
Starboard’s Jeff Smith called on the company to assemble a special committee to investigate the matter, describing it as “flagrantly unethical.”
Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds posted the largest single-day net selling of Chinese securities on Tuesday, according to Goldman Sachs’ prime brokerage data.
Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
“Reaching year end delivery guidance will be challenging, but not impossible,” analysts at Deutsche Bank said.
Why the U.S. government is investigating Google
A series of complaints say Google’s dominant behavior in the online search, advertising, and web applications markets is violating antitrust laws.
7-Eleven’s parent company cuts full-year earnings forecast, presses ahead with restructuring
The news comes as the Japanese retail group resists a takeover attempt by Canada’s Alimentation Couche-Tard.
Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.
European markets close lower following hotter-than-expected U.S. inflation data; GSK gains 3%
European markets slipped Thursday as investors digested higher than expected U.S. inflation data.
China cannot represent Taiwan and should work with Taipei on global challenges, Lai says
Taiwan doesn’t accept China’s representation but is open to cooperating on global issues like climate change, President Lai Ching-te said.
Tributes pour in for Ratan Tata from industry titans and politicians
Tata is credited with taking his business house global via several high-profile acquisitions including that of Jaguar-Land Rover in 2008.
Former Pfizer CEO, finance chief step back from Starboard’s activist campaign
The about face comes as the board grapples with the activist’s efforts, and just days before Starboard’s Jeff Smith was slated to meet with the CEO, sources said.
