Activist investor Carl Icahn reported Tuesday that he has increased his stake in Hertz Global Holdings Inc. to 14.3% as the rental car company tries to recover from recent stumbles and increasing pressures from competitors such as ride-sharing apps Uber ...
Northwest also has engaged Charles Price—a former FBI agent and current board member at MorganFranklin Consulting LLC where he leads the corporate investigations and dispute solutions practice—as a consultant to the board. “As we announced last week ...
The Canadian Pacific proposal is backed by activist investor William Ackman, whose Pershing Square Capital Management LP holds around 9% of Canadian Pacific. Mr. Ackman is set to discuss Canadian Pacific’s bid for Norfolk Southern in a conference call ...
He wrote on Twitter that Viacom should “give to all shareholders what the Board of Directors know about Executive Chair.” The tweet was a reference to the court documents filed last week by Mr. Redstone’s ex-girlfriend, Manuela Herzer, which claimed ...
The Federal Reserve adopted a new rule restricting its ability to lend money to financial institutions in a crisis in an attempt to ease concerns from lawmakers who worry about the central bank’s unchecked power to pump money into the financial system...
Activist investor Elliott Management is used to shaking things up but that might not be why it has disclosed a stake in Alcoa...
Activist investor Carl Icahn has built up a 7.1% stake in Xerox, which has already been taking steps to cut costs and improve margins, saying the shares are undervalued...
Ethan Allen Interiors is challenging the credentials of some of the directors nominated by an activist investor that hopes to take control of the furniture company’s board at an annual meeting next week...
Recruiting top-notch financial talent can be tricky, especially when the logical successor is a board member. As more CFOs serve on boards, some firms are tapping directors to fill executive posts...
Activist investor William Ackman, with about $2 billion in losses on Valeant Parmaceuticals, is struggling to salvage his big bet on the drug maker...
Goldman Sachs added its name to the list of large U.S. companies making it easier for shareholders to propose their own candidates for corporate boards...
Activist investor Carl Icahn said he has accumulated a “large stake” in AIG and called for the insurer to split into three public companies...
The Securities and Exchange Commission has quietly pulled back on its use of SEC administrative law judges in contested cases, a practice that brought it criticism and legal challenges...
Instead of launching ugly boardroom battles, activist investors ValueAct Capital and Relational Investors typically work with company management—and with better results to show for it...
A large new investment from Trian Fund Management suggests better days are finally here for GE shareholders...
Wendy’s Co. said Chief Executive Emil Brolick plans to retire in May and named Todd Penegor, chief financial officer and head of international operations, as his successor.
Ethan Allen said long-standing board members Frank Wisner and Kristin Gamble will step down and named Tara I. Stacom as a director as the furniture company faces pressure by an activist investor...
The SEC charged five Florida residents, including two lawyers and an accountant, with insider trading ahead of Gilead’s 2011 acquisition of Pharmasset...
The pain from slumping commodity prices is being mirrored in the pay packages of BHP Billiton’s top ranks...
Ronald O. Perelman, who recently became chairman of the board of trustees of Carnegie Hall, told board members he will leave his position next month amid an ongoing clash among leaders of the institution...
The chairman of Brazilian state-controlled oil company Petróleo Brasileiro, Murilo Ferreira, has taken a leave of absence until Nov. 30, the company said, without giving additional information...
Macy’s plans to close 35 to 40 stores, or about 5% of its existing fleet, as it reacts to changing shopper habits and fends off an activist investor who has pressured it to unlock value from its real estate...
Sysco said Nelson Peltz and Josh Frank, both of Trian Fund Management, will join its board, a move that comes less than week after the activist investor disclosed a 7% stake in the food distributor...
Even an activist investor might struggle to rev Rolls-Royce’s engine. Shares in the U.K. aircraft engine manufacturer have been lifted by news in July that activist fund ValueAct Capital Management had taken a 5.4% stake in the company. The stock has been pummeled by a series of profit warnings over the past 18 months. The hope is that ValueAct...