Reuters US Money Archives - Page 96 of 109

Acacia Research taps Starboard SPAC executive as M&A chief

15 Mar 2022 15 Mar 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s senior executives on Tuesday to oversee all aspects of its takeover business. The firm, which acquires businesses in sectors including technology, retail, and healthcare, …

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ISS recommends two of Starboard’s four Huntsman board director candidates

14 Mar 2022 14 Mar 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Huntsman Corp investors elect two of activist investment firm Starboard Value’s four director nominees to the chemical maker’s 10-member board. ISS said two Starboard director candidates should be elected to better oversee management after the board for several years …

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Wall Street banks’ staff churn to double this year after bonus payouts – experts

14 Mar 2022 14 Mar 2022

By Elizabeth Dilts Marshall NEW YORK (Reuters) – Staff turnover on Wall Street is set to surge in coming weeks as investment bankers who held off job-hunting during the pandemic cash in their record bonus checks and leave for new opportunities in the red-hot labor market, said recruiters. Bonuses are up 20% to 25% on …

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AT&T eyes nearly $48 billion network investment in post-media company

11 Mar 2022 11 Mar 2022

By Sheila Dang (Reuters) -AT&T Inc expects to invest about $48 billion through the end of 2023 to expand its fiber internet and 5G wireless services, the U.S. wireless carrier said on Friday, as it detailed the vision for the business after unwinding its media assets. After facing skepticism from shareholders over its expensive quest …

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The Saver’s Dilemma: Where to put your cash now?

11 Mar 2022 11 Mar 2022

By Chris Taylor NEW YORK (Reuters) – Cash savers are between a rock and a hard place right now. Interest rates on typical places to stash money, like savings accounts, are near all-time lows. Meanwhile, inflation rates are the highest they have been in decades – consumer prices in the United States surged in February …

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Barclays names Ihsan Essaid co-head of global M&A – memo

11 Mar 2022 11 Mar 2022

(Reuters) – Barclays appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday. Essaid is a veteran of about three decades in the investment banking industry, has principally worked across the media and telecoms sectors, according the memo. Essaid, who was previously with the …

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Curtiss-Wright settles proxy fight with investment firm Saddle Point

9 Mar 2022 9 Mar 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Curtiss-Wright Corp on Wednesday settled a week-old proxy fight with Saddle Point Management LP after the investment firm argued that the defense company lacked strategic focus and that some non-core industrial businesses should be divested. The New York-based investment firm, which owns approximately 0.3% of the Davidson, North Carolina-headquartered …

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Global financial stocks decline as more firms cut Russia ties

8 Mar 2022 8 Mar 2022

By Carolyn Cohn, Iain Withers and Sinéad Carew LONDON/NEW YORK (Reuters) -Global financial stocks tumbled on Monday on mounting investor fears about the potential for economic damage and pressure on consumer spending as the price of oil soars following Russia’s invasion of Ukraine. Lenders, investors and payment companies with links to Russia have been cutting …

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With war risk, unclear how much U.S. real-yield collapse will benefit stocks

8 Mar 2022 8 Mar 2022

(Fixes spelling of analyst last name in 9th paragraph to Wessel) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Real yields in the U.S. Treasury market have gone even more negative as inflation surged, which is typically viewed as a positive factor for stocks, but Russia’s invasion of Ukraine has placed more emphasis on shedding risk than …

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Asset managers Carmignac and Fidelity Intl steer clear of Russian securities

7 Mar 2022 7 Mar 2022

By Carolyn Cohn LONDON (Reuters) – European asset managers Carmignac and Fidelity International will no longer buy Russian securities, they said on Monday, joining a string of fund managers who have made similar announcements since Russia invaded Ukraine. U.S. value investor Brandes Investment Partners also said it had put a moratorium on deploying new capital …

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