Activist hedge fund Starboard Value LP on Friday abandoned a campaign to convince Bristol-Myers Squibb Co shareholders to vote down the drugmaker’s proposed $74 billion takeover […]

U.S. consumer spending barely rose in January and income increased modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth […]

Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were […]

Activist hedge fund Starboard Value LP said on Friday it will no longer urge shareholders to oppose Bristol-Myers Squibb Co’s plans to buy Celgene Corp, even […]

Wells Fargo & Co’s plans to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but […]

Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore […]

BP Chief Executive Bob Dudley’s pay package slipped to $14.7 million last year from $15.1 million in 2017, even though the oil and gas company’s profits […]

U.S. Treasury Secretary Steven Mnuchin held “constructive” talks in Beijing, he said on Friday, concluding the latest round of dialogue aimed at resolving the bitter trade […]

New York’s financial regulator has sent letters to Nordic banks Nordea and SEB asking for detailed information about their dealings with Danske Bank, Bloomberg reported, citing […]