The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to increase its profits.
Category: Stocks and Bonds
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Criminal Charge Against Andrew Left of Citron Research Unsettles Short Sellers
Andrew Left is fighting a range of criminal and civil charges related to his trading practices, and other investors who make money by betting on a decline in stock prices are watching closely.
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Hedge Fund Pushes for End of Murdochs’ Control at News Corp
Starboard Value, a fund that takes stakes in companies and agitates for changes, said that political disagreements among Rupert Murdoch’s children could be “paralyzing” for the media firm.
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Stock Slide as Investors Wrestle With Shifting Bets on Rate Cuts
The stock market “can’t win” at the moment, said Andrew Brenner, head of international fixed income at National Alliance Securities. “Heads I lose, tails I lose.”
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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street
The 88-year-old activist investor’s stake in his own company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”
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Low Interest Rates Pose Risks for Investors
While rate cuts are welcome in much of the economy, they pose problems for risk-averse investors who relish high money market and bond yields.
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7-Eleven Rejects Takeover Bid From Big Canadian Chain
Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.
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Slowdown Déjà Vu Rattles the Markets
Investors sent technology stocks and other assets tumbling on concerns that the U.S. economy could be headed for a hard landing.
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U.S. Market Slump Led by Nvidia Sparks Global Sell-Off
A sharp decline in major U.S. stock indexes, led by tech stocks like Nvidia, reverberated through Asia and Europe on Wednesday.