BP Weighs Sale of $10 Billion Castrol Lubricants Unit, Bloomberg News Reports
(Reuters) - Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 ...
Paul Singer's Elliott Management bets against Nvidia after calling it a 'bubble' and saying AI is 'overhyped'
Elliott Management had "at least $600 million in downside exposure" to Nvidia stock at the end of December, one analyst said.
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When Activist Investors Ask for Board Seats
Activist investors are making frequent demands for board seats—and having more success in gaining them. To deal with this, ...
BP Is a Symbol of the British Boardroom Disease
The UK oil major faces activist pressure to retreat from a disappointing energy-transition strategy. But recent failures are ...
Southwest Airlines is slashing 15% of its corporate workforce, its first major layoffs in 53 years
Southwest Airlines is eliminating 1,750 jobs, or 15% of its corporate workforce, in the first major layoffs in the company's ...
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Tim Scott Is Fighting for His Donors’ Junk Fees
Joe Biden’s CFPB passed rules limiting overdraft and credit card late fees. As the chair of the Senate committee that ...
Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold
Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...
Elliott Investment Management exits Cardinal Health, cuts NRG Energy, Southwest Air
Famed activist investor Elliott Investment Management exited its position in Cardinal Health (NYSE:CAH), dumping 2M shares in Q4, according to its 13F filing. The hedge fund increased its stake in ...
Elliott Urges BP to Ditch Green Investments as it Builds 5% Stake
Elliott Management, the activist investor, has built a stake of almost 5% in BP (BP) and is pressing the oil producer to abandon its green ...
Elliott builds $5 billion stake in BP, Financial Times reports
Activist investor Elliott Management has disclosed a near 5% stake of about 3.8 billion pounds ($4.75 billion) in BP, making it the oil company's third-largest shareholder, the Financial Times ...
Elliott Builds BP Stake of Nearly 5%, Pushes for Big Divestments, Source Says
(Reuters) -Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take ...
Elliott has built nearly 5% stake in BP worth GBP 3.8B, FT reports
Activist hedge fund Elliott Management has built a stake of nearly 5% in BP (BP), becoming the oil major’s third-largest shareholder, as it ...