Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management
Citadel LLC and Point72 Asset Management are investing $2.75 billion into hedge fund Melvin Capital Management, which has been hard…
Apollo CEO Leon Black to Step Down Following Review of Jeffrey Epstein Ties
Leon Black plans to step down as chief executive of Apollo Global Management Inc. after an unconventional review uncovered larger-than-anticipated…
Cryptocurrency Initiation Ripple’s Future Hinges on SEC Case
Brad Garlinghouse, the chief executive of Ripple, was last year publicly contemplating at the World Economic Forum in Davos, Switzerland,…
Facebook and Amazon Fueled Lobbying Spending in 2020
Large technology companies are bracing for a fresh administration and new scrutiny of their businesses with a time-tested strategy: opening…
NCR is Nearing a Deal to Buy ATM Operator Cardtronics
Cardtronics, which owns Allpoint, is one of the biggest cash-machine operators in the world. NCR Corp is coming close to…
IBM Pledges to Return to Growth in 2021
International Business Machines Corp. expects to return to profitability this year after reporting a 4.6% decline in 2020 as corporate…
Intel earnings Slip Despite Record Revenue
Intel Corp’s incoming Chief Executive Pat Gelsinger said the semiconductor behemoth would outsource more chip production, as it posted pandemic-powered…
Biden Moves to Jump-Start Covid Fight With Slew of Orders
President Biden signed 10 executive orders on his first day in office to battle the coronavirus, seeking Thursday to kick-start…
United Airlines Offers Grim Outlook but Plans to Rebuild
United Airlines Holdings Inc on Wednesday stated that it anticipates that the coronavirus pandemic will continue to weigh on travel…
Starboard Plans to Take Control of Corteva Board
Starboard Value LP is seeking to take control of agricultural giant Corteva Inc.’s board to replace its chief executive, according…