Latest in Hedge fund Elliott shakes BP from its strategic slump
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Hedge fund Elliott shakes BP from its strategic slump
Activist’s arrival leaves boss Murray Auchincloss facing crucial test at oil major’s capital markets dayFinancial Times - 6d -
Activist hedge fund Elliott builds stake in struggling BP
US investor could force UK oil company to refocus on core fossil fuels business or even pursue a full break-upFinancial Times - Feb. 8 -
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major.CNBC - Feb. 10 -
Investors warn BP will face radical changes after Elliott takes stake
Activist could push for board changes, a New York listing and sale of assets, say shareholdersFinancial Times - Feb. 10 -
Elliott builds £3.8bn stake in BP and seeks big asset sales
US activist hedge fund wants oil major to reduce spending on renewable energyFinancial Times - Feb. 13 -
Don't buy Greenland: Support its independence and a strategic partnership
A strategic arrangement involving U.S. security guarantees as well as a huge investment commitment could bode well for Greenland and the U.S.The Hill - Feb. 13 -
Arm may be on the verge of a big strategic shift — competing with its customers
Arm’s stock jumps 6% following a report saying that the company plans to debut a new chip with MetaMarketWatch - Feb. 13 -
Hedge funds push UK watchdog for a post-Brexit cut in reporting rules
Industry lobbies for requirements on reporting of transactions in financial markets to be slimmed downFinancial Times - 6d -
This cheap, balanced portfolio will be a better investment than most hedge funds
A simple 60-40 stock-bond mix outperforms complicated, costly offerings.MarketWatch - 5d -
Tesla was hot, Apple was not, hedge-fund holdings filings show
Tesla Inc. was back among the top hedge-fund holdings late last year, while Apple Inc. was one of the most “unpopular” stocks, according to a summary of the industry’s positions.MarketWatch - 1d -
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.MarketWatch - Feb. 10 -
Trump’s move to slash research funding shakes medical community
Efforts by the Trump administration to drastically cut federal investments in medical research are threatening to kneecap major research institutions and stifle scientific progress to combat ...The Hill - Feb. 13 -
Hedge fund giant Bridgewater made a new bet on Tesla. They may have gotten a bargain.
Bridgewater Associates made a fresh bet on EV maker Tesla Inc. late last year, as it exited memory chip maker Micron Technology and banking giant Goldman Sachs.MarketWatch - 6d -
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 and stepped up its efforts.CNBC - 5d -
Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image
Europe is looking to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.CNBC - Feb. 12 -
Amazon scrubs DEI mention from its annual report
Amazon has removed any references to diversity and inclusion from its most recent annual report.CNBC - Feb. 7 -
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Europe grapples over its "collective security" under pressure from Trump
Britain and Sweden have become the first European nations to say they could send troops to help secure Ukraine after an end to the war there.CBS News - 3d -
Lebanon demands full Israeli withdrawal from its territory
Tuesday’s deadline to pull out passes as Israel says its troops will stay in 5 ‘strategic’ locationsFinancial Times - 2d -
KFC is moving its corporate headquarters from Kentucky to Texas
KFC's corporate staff will relocate from the brand's headquarters in Louisville, Kentucky, to Plano, Texas, Yum says.CBS News - 1d -
KPMG’s US business removes diversity reports from its website
Big Four firm becomes latest government contractor to ditch DEI targetsFinancial Times - 1d -
Become Your Bank: Infinite Banking With an Inflation Hedge
Low interest rates aren’t keeping up with inflation.Inc. - Feb. 11 -
Smaller countries learn to hedge their bets in the age of Trump
This is a world in which no one can ‘price’ peace any moreFinancial Times - 6d -
Southwest bends further to activist shareholder Elliott’s demands
Southwest is in the midst of a transformation that led it to announce Tuesday the first-ever involuntary layoffs.MarketWatch - 1d -
DeShon Elliott apparently changes tune on Aaron Rodgers
After word emerged that the Jets will be parting ways with quarterback Aaron Rodgers and folks started connecting dots between Rodgers and Pittsburgh, Steelers defensive back DeShon Elliott had an ...Yahoo Sports - 6h -
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.The New York Times - Feb. 11 -
Judge blocks Trump administration from cutting research funding after 22 states sue
A federal judge temporarily halted the Trump administration's radical changes to how the National Institutes of Health pays for biomedical research, putting on hold a plan to slash research funding ...NBC News - Feb. 10 -
Trump signs executive order stripping funds from schools requiring COVID-19 vaccines
President Trump signed an executive order Friday to defund schools and other education agencies that require COVID-19 vaccines for students and staff. Health and Human Services Secretary Robert F. ...The Hill - 6d -
AI health-care startup OpenEvidence raises funding from Sequoia at $1 billion valuation
The new $75 million cash injection values OpenEvidence at $1 billion, the two companies told CNBC.CNBC - 1d -
Cook Islands’ ‘strategic’ deal with China angers New Zealand
Agreement with south Pacific archipelago deepens concerns about Beijing’s influence in regionFinancial Times - Feb. 10 -
The EU knows aid is not only a moral duty but a strategic necessity
As the winds of isolationism whip across the world, nations that value stability and prosperity must step upFinancial Times - Feb. 12 -
Israeli troops to keep control of 5 ‘strategic’ locations inside Lebanon
Decision to retain military forces in the country comes ahead of Tuesday’s deadline for Israel to withdrawFinancial Times - 3d -
Russia's Baltic neighbors are breaking away from its power grid — and they're braced for retaliation
The Baltic states of Lithuania, Latvia and Estonia are bracing themselves for possible retaliation as they decouple from Russia's power grid this weekend.CNBC - Feb. 8 -
‘Even the sound of the water has changed’: can Bogotá bring its wetlands back from the brink?
The marshes in Colombia’s capital are sacred to Indigenous peoples, provide vital wildlife habitats and could help the city adapt to climate change. But after centuries of development they are ...The Guardian - Feb. 13 -
Backlash over energy standing charges shake-up
Charities and energy providers have criticised plans to change the way standing charges on gas and electricity bills are paid.BBC News - 12h -
Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business
The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.The Wall Street Journal - Jan. 24 -
Ryan Donato stars as the Blackhawks beat the slumping Predators 6-2
Ryan Donato had two goals and two assists, and the Chicago Blackhawks handed Nashville its sixth straight loss with a 6-2 victory over the PredatorsABC News - Feb. 8 -
Reddit shares slump 5% on daily active user miss
Reddit CEO Steve Huffman said the company experienced some "volatility" in user growth as a result of a Google search algorithm tweak.CNBC - Feb. 13
