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Elliott is seeking board seats at Duke and wants the company to form a strategic-review committee that would explore the possibility of a tax-free separation of the utility into three companies, it said in a letter to Duke’s board that it released Monday. The three companies would be based on the three major geographies it serves: the Carolinas, Florida and parts of the Midwest.
At least 10 managing directors in the Swiss firm’s U.S. investment-banking division have internally disclosed plans to leave, most for rival firms, according to people familiar with the matter. Other bankers are considering their options, and more are expected to depart in the coming weeks.
Pinterest Inc.has set new targets for increasing the number of women in leadership and improving racial and ethnic diversity throughout its workforce, a move that comes after the social-media company was roiled last year by claims of discrimination.
Support for shareholder resolutions on emissions strategy is at a high despite clashes
Since 2008, the number of companies listed on the UK market has dropped by about 40 per cent and, between 2015 and 2020, London accounted for only 5 per cent of initial public offerings of shares. Its stock market has become dominated by financial or “old economy” companies, critics say, rather than the fast-growing tech firms that ministers see as the future.
Hydro-Québec’s chief executive officer is denouncing the Canada Pension Plan Investment Board for backing natural gas producer Calpine Corp.’s campaign against the utility in an increasingly hostile fight over a new power line that would carry Quebec hydropower to New England.
The OSC is probing Bridging and former senior executives for allegedly mismanaging funds and failing to disclose conflicts
This past weekend, criminal ransomware cyberattacks drove the shutdown of one of America’s largest pipelines for refined gasoline, diesel fuel, and jet fuel as a precautionary means of containing the impact of the breach, highlighting the vulnerability of the nation’s energy infrastructure. Recent reports indicate that more than two dozen other company victims across a range of industries were targeted by these ransomware attacks.
The inflationary pressures now roiling the economy and markets will probably fade once the economy has fully reopened and the pandemic is in remission.
U.S. companies have authorized a record amount of share buybacks this year, a bullish sign for markets amid volatility
Organizations are clear that postpandemic working will be hybrid. After that, the details get hazy.
To serve all stakeholders, companies need systems change, not just one committed leader. The ousting of Danone’s chief executive shows why.
The deal would mark the unwinding of AT&T’s US$108.7-billion acquisition of U.S. media conglomerate Time Warner in 2018, and it would underscore its recognition that TV viewership has moved to streaming, where scale is required to take on the likes of Netflix Inc. and Walt Disney Co.
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The EU has agreed to shelve plans to boost tariffs on a range of US products as the two sides seek a resolution to a longstanding stand-off over the steel and aluminium sectors.
China Mobile, two smaller rivals lost appeals against being kicked off New York Stock Exchange
Japan’s economy shrank in the first quarter of 2021 amid a resurgence of Covid-19 infections, but is expected to return to growth as soon as the current quarter with help from manufacturing exports.
Deal expected to trigger fresh wave of consolidation in the sector
For the past 11 months, that has been the case. The IPO market, which raised a record $168 billion in 2020, has already raised a staggering $158 billion in 2021, according to Dealogic data
Toronto Finance International CEO on the contribution Toronto's financial sector makes to the Canadian economy
Governments and climate-conscious investors are starting to take note
The logistics arm of JD.com Inc. is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China’s booming e-commerce market.
Some say regulators are going beyond their remits with focus on risks to financial systems and economies
The pressure is on for boards to diversify, and it’s working.
Since last June, 145 S&P 500 companies have added at least one Black director, a “brisk” pace compared to past years, according to recruiter Russell Reynolds Associates. Latino board appointments at public companies quadrupled from a year ago, and women, for the first time, hold almost a third of all seats on the S&P 500. Only one major U.S. initial public offering debuted with an all-male board last year.
Activist investors once limited their targets to mostly smaller, less known firms. Now, though, they increasingly target large, household names like Procter & Gamble, DuPont, and Berkshire Hathaway, aiming to influence company actions, replace management, or even purchase the company.
As a Canadian venture capitalist based in California for the past 20 years, I’ve kept a close eye on the tech scene back home – and the transformation during that time has been nothing short of spectacular.
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