February 5, 2019

Appaloosa steps up pressure on Allergan to split chairman, CEO roles

Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help […]
February 5, 2019

HSBC cuts dozens of investment banking jobs: source

HSBC is preparing to lay off dozens of staff in its global banking and markets business, a source with direct knowledge of the matter told Reuters […]
February 5, 2019

Ralph Lauren steps up Instagram game, tops holiday sales forecasts

A marketing blitz involving supermodels and Instagram helped Ralph Lauren woo more customers and report another quarter of better-than-expected sales and earnings, sending its shares up […]
February 5, 2019

Renault-Nissan alliance, Google to partner on self-driving cars: Nikkei

The Renault-Nissan-Mitsubishi alliance will tie up with Alphabet Inc’s Google to develop autonomous taxis and other services using self-driving vehicles, the Nikkei reported on Tuesday. Powered […]
February 5, 2019

Appaloosa renews call to separate chairman, CEO roles at Allergan

Hedge fund Appaloosa LP has urged Allergan Plc’s board to separate the roles of chairman and chief executive officer, it said on Tuesday, a year after […]
February 5, 2019

Wall Street rises at open, lifted by upbeat earnings

U.S. stocks opened higher on Tuesday, led by consumer discretionary and technology stocks following upbeat earnings, while investors wait for President Donald Trump’s State of the […]
February 5, 2019

General Electric to pay $57 million for missing French job target: ministry

General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over French group Alstom’s […]
February 5, 2019

Viacom’s Netflix deal highlights content strategy; earnings mixed

Viacom Inc announced another film production deal with Netflix Inc through its Nickelodeon kids division, fleshing out a strategy to produce more shows and movies for […]
February 5, 2019

Stocks sizzle at 2-month high before Trump State of the Union address

World stocks extended their white-hot start to the year on Tuesday, while the dollar was straining for a fourth day of gains as traders awaited U.S. […]
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