February 2020 – Page 3

Singer’s Elliott Seeks to Replace Twitter CEO Dorsey

February 29, 2020 admin Comments Off

(Bloomberg) — Activist investor Elliott Management Corp. has taken a sizable stake in Twitter Inc. and plans to push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey, according to people familiar with the matter.The New York-based firm has nominated four directors to Twitter’s board, said the people, who asked to not be identified because the matter isn’t public.There are only three seats becoming available at this year’s annual meeting but Elliott wanted to ensure that it nominated enough directors to fill all three seats or any other vacancies that may arise, the people said. …read more […]

Wall Street in coronavirus contingency mode with staff, visitors, regulators

February 29, 2020 admin Comments Off

Big U.S. banks have been rolling out contingency plans to respond to the global coronavirus outbreak – requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential stresses.

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United Airlines sharply cuts flights to Asia, cancels investor day

February 29, 2020 admin Comments Off

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. It also canceled its investor day that had been due to be held on March 5. With investors firmly focused on how the company is managing the near-term impact of the coronavirus, United said it was not “practical to expect that it can have a productive conversation focused on its long-term strategy next week.” …read more […]

United Airlines sharply cuts flights to Asia, cancels investor day

February 29, 2020 admin Comments Off

United Airlines Holdings Inc said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations.

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Intesa, UBI line up advisers to face off in takeover battle

February 29, 2020 admin Comments Off

Intesa Sanpaolo said on Friday it had hired JP Morgan, Morgan Stanley, UBS and local broker Equita SIM to complete a team of advisers led by Mediobanca supporting Italy’s biggest retail bank in its takeover offer of rival UBI Banca.

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Harley-Davidson CEO exits as iconic bike brand struggles

February 29, 2020 admin Comments Off

Harley-Davidson Inc Chief Executive Officer Matthew Levatich stepped down on Friday after failing to boost U.S. sales of its iconic motorcycles.

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Goldman Sachs Asset Management added to stocks portfolio as markets tumbled

February 29, 2020 admin Comments Off

Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics.

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U.S. moves high-level U.S. meeting on China tech, possible new Huawei curbs to March: sources

February 29, 2020 admin Comments Off

Trump administration officials have rescheduled for March 11 a critical meeting to discuss potential new U.S. restrictions on sales of technology to Huawei and China, people familiar with the matter said.

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Coronavirus outbreak rains on dealmakers’ M&A parade

February 29, 2020 admin Comments Off

The steep market drop triggered by the global coronavirus outbreak has led many companies to hit the ‘pause’ button on mergers and acquisitions (M&A), sabotaging the hopes of corporate advisers who expected a dealmaking bonanza this year.

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Wall Street bounce too little, too late as world stocks post shock weekly decline

February 29, 2020 admin Comments Off

Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.

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USTR vows to push for trade deals with Britain, EU; seeks broader reset at WTO

February 29, 2020 admin Comments Off

The Trump administration on Friday said it would focus on concluding trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for a broader reset of the World Trade Organization.

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S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis

February 29, 2020 admin Comments Off

The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.

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Best Stock Traits to Look for as Markets Tumble

February 29, 2020 admin Comments Off

Markets are hit with coronavirus fears, but businesses with these characteristics will be quicker to rebound Continue reading… …read more […]

Coronavirus-driven sell-off puts Fedspeak in focus

February 29, 2020 admin Comments Off

A recap of all Fedspeak from this week’s wild market sell-off, spurred by Coronavirus fears. …read more […]

Fasten your seat belts, U.S. Congress sets hearing on air travel

February 29, 2020 admin Comments Off

The airline industry could run into turbulence on Capitol Hill next week as a U.S. Congressional panel tackles passenger complaints about unpleasant airline experiences, holding a hearing that will include budget airline Spirit Airlines Inc and passenger advocates.

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