News for nerds
ViacomCBS Inc (VIAC.O)said on Friday a dispute between CBS and its former Chief Executive Officer Leslie Moonves who was accused of sexual assault and harassment has been resolved and the parties have dismissed the arbitration process. CBS Corp had fired Read more
Global stocks rose and the dollar dipped on Friday after U.S. Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world’s biggest economy. The bounce, extending a late recovery in the prior session, Read more
Shares in heavily shorted AMC Entertainment Holdings (AMC.N) closed up 1.6% in busy trading on Friday as one analyst raised their price target for the cinema operator’s stock, a focus in social media forums popular among retail investors. AMC’s gain Read more
Wall Street is expecting Canadian Pacific (CP.TO) to raise its offer for Kansas City Southern (KSU.N) even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National (CNR.TO). In the latest twist Read more
Activist investment firm Trian Fund Management LP has trimmed its stake in two consumer staples companies, Procter & Gamble Co (PG.N) and snack foods company Mondelez International Inc (MDLZ.O), according to regulatory filings. Trian, founded by Nelson Peltz, Ed Garden Read more
Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters. All three major U.S. indexes extended Thursday’s gains, which saw Read more
An Apple Inc (AAPL.O) engineer who left the company this week after thousands of coworkers signed a petition calling for him to be sacked said on Twitter he was fired “in a snap decision” and that Apple made defamatory statements Read more