By Svea Herbst-Bayliss (Reuters) -Hedge fund Starboard Value has taken a stake in Kenvue, the consumer products company that makes Band-Aid, Listerine, and Tylenol, and which went public last year, two people familiar with the matter said on Sunday. Reuters was not able to immediately learn the size of the stake. Kenvue, previously a part …
Starboard takes stake in consumer products maker Kenvue, sources say Read More »
(Reuters) – Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes. A locked-in foreign exchange spot rate would help companies mitigate exposure to currency fluctuations and simplify treasury management processes …
BofA extends guaranteed FX rate window to a year Read More »
By Rishav Chatterjee (Reuters) -WiseTech Global said on Monday it was reviewing a “full range of matters” concerning its CEO after media reports made allegations about his personal life including payments to a past sexual partner, sending its shares slumping 18%. The Australian Financial Review and other media outlets reported that a woman who had …
WiseTech Global’s board to examine payments to CEO’s former partner, shares plunge Read More »
PARIS (Reuters) -Sanofi on Sunday reached an agreement on terms to sell a controlling stake in its consumer health unit Opella to U.S. private equity firm Clayton Dubilier & Rice (CD&R), French government sources said on Sunday. The breakthrough came after the investment group provided France with guarantees on maintaining jobs and production in the …
(Reuters) -Boeing closed a deal this month to sell a small defense subsidiary that makes surveillance equipment for the U.S. military, the company said on Sunday, as the planemaker looks to shore up its struggling finances. Boeing said in a statement that Digital Receiver Technology, which makes wireless equipment used by intelligence services, will be …
Boeing sells small defense surveillance unit to Thales Read More »
By Lewis Krauskopf NEW YORK (Reuters) -U.S. semiconductor companies will get a closer look from investors in coming weeks, after diverging reports from two industry leaders abroad set off a volatile few days of trading. Because semiconductors are key components in a broad array of products, chipmakers and related equipment companies are closely followed for …
Wall Street zeroes in on semiconductors after turbulent week Read More »
(Reuters) -GQG Partners, one of Spanish bank BBVA’s biggest shareholders, has sold its stake over the bank’s decision to pursue a hostile bid for domestic rival Banco Sabadell, the Financial Times reported on Sunday. GQG had decided to sell up by July, having told BBVA’s management team that it believed the Sabadell bid would be …
GQG Partners sells BBVA stake over Sabadell hostile bid, FT reports Read More »
(Reuters) – Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, Bloomberg News reported on Saturday, citing people familiar with the matter. Elliott has proposed a framework that would give it representation on Southwest’s board but not control, the people …
Elliott, Southwest Airlines to begin settlement discussions, Bloomberg News reports Read More »
BRASILIA (Reuters) -Brazil’s securities regulator CVM accused eight former executives of retailer Americanas of insider trading involving the company’s securities ahead of the disclosure of a high-profile accounting scandal in 2023. In a statement late on Friday, the CVM said that after concluding an administrative inquiry, it gathered “robust, compelling, and convergent elements” to support …
(This Oct. 17 story has been refiled to change James Silver’s title to deputy chief in paragraph 3) By Andrew Goudsward WASHINGTON (Reuters) – U.S. federal prosecutors are stepping up their pursuit of suspects who use artificial intelligence tools to manipulate or create child sex abuse images, as law enforcement fears the technology could spur …
US prosecutors see rising threat of AI-generated child sex abuse imagery Read More »
