Macy’s rejected a $5.8 billion takeover offer late Sunday that valued the struggling department store chain at about 20 percent above its closing stock price on Friday, but indicated it was “open to opportunities.” The bidders, Arkhouse Management and Brigade…
Bloomberg’s Lu Wang came out with a great story this morning chronicling the challenges facing active managers in an environment where a few giant companies are pushing the index to record levels. The basic problem is basic mathematics – the…
ExxonMobil has sued two activist investors to prevent their proposal calling for emissions cuts at the oil giant from being voted on by shareholders. In a complaint filed in the U.S. District Court for the Northern District of Texas on…
A BYD Seagull electric minivan is on display during the 20th Shanghai International Automobile Industry Expo at the National Exhibition and Convention Center (Shanghai) VCG | China Optical Group | Getty Images DETROIT – Chinese automakers pose a growing threat…
US oil company ExxonMobil has filed a lawsuit to block a vote on a climate resolution introduced by a green activist, in a move that will be closely watched by fossil fuel companies around the world. The company hopes to…
In-N-Out said Sunday it will close its only Oakland restaurant in March due to crime and safety concerns for its customers and employees. The location is located at 8300 Oakport Street, near Oakland International Airport. In-N-Out Burger follows a long…
Check out the companies making headlines before the bell. Macy’s – Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion offer from Arkhouse Management and its partner Brigade…
Jim Dyson | Getty Images News | Getty Images The global economy does not need to “collapse” in order to bring inflation back on target and return to sustainable growth, according to Stephen Whiting, chief investment strategist and chief economist…
Lockers tape a company fruit It changes US1M United States Treasury for one month 5.408% +0.023 US3M US Treasury for 3 months 5.416% +0.049 US6M US Treasury for 6 months 5.244% +0.002 US1Y US 1 Year Treasury 4.886% +0.013 US2Y…
(Bloomberg) — European stocks and U.S. futures rose, extending a global equity rally that pushed the S&P 500 to a record high on Friday. Most read from Bloomberg The European Stoxx 600 index rose 0.8% in early trading on Monday,…