(Reuters) -Nelson Peltz, the activist investor who launched and then gave up a proxy fight earlier this year at Walt Disney Co, has recently added to his stake in the company, Bloomberg News reported on Monday. Peltz-owned Trian Fund Management has purchased roughly 500,000 more shares since the end of March, giving it a total…
(Reuters) – Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters. According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also…
(Reuters) – Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit, Bloomberg News reported on Tuesday, citing people familiar with the matter. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, including…
By Caroline Valetkevitch NEW YORK (Reuters) – First-quarter U.S. company results are winding down, but investors will get one last blast of reports in coming days from some top retailers, which could offer further details on the outlook for earnings and how consumers are faring. Investors are anxious to see whether the last results of…
A look at the day ahead in European and global markets from Vidya Ranganathan Tuesday’s a busy day for European markets. We get preliminary growth numbers for the euro zone, inflation in Italy, jobless data for Britain and, crucially, the German economic sentiment ZEW survey. No surprises are seen in euro zone GDP data –…
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply 2 million units next year and boost…
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply 2 million units next year and boost…
By Jorgelina do Rosario LONDON (Reuters) – Inflation has peaked in emerging Europe, central Asia and north Africa, but rising gas prices in the coming winter will keep pressure on household finances, the European Bank for Reconstruction and Development (EBRD) said on Tuesday. Consumer price rises in the EBRD’s region – covering some 40 economies…
