By Svea Herbst-Bayliss and Laura Sanicola (Reuters) – Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp[...]
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November 29, 2023
GM sees $9.3 billion hit from labor deals, outlines $10 billion buyback
By David Shepardson (Reuters) -General Motors said on Wednesday its new labor deals after a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33% divid[...]
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State Street adds option to fully back corporate boards
By Ross Kerber BOSTON (Reuters) – State Street’s asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareho[...]
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Hedge funds suffer net $7.6 billion outflows in October – eVestment
By Nell Mackenzie LONDON (Reuters) – Investors pulled a net $7.6 billion from the hedge fund industry in October, particularly from low performing stock pickers as many of these funds failed to[...]
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