Hedge fund Third Point LLC has amassed more than a $2 billion stake in Prudential Plc and plans to push Britain's biggest insurer to split into two companies, people familiar with the matter said on Monday.
Teck Resources Ltd's surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns.
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide whether to list it on Euronext Paris by 2022.
Your 401(k) likely isn't recovering from the coronavirus as quickly as you'd hoped. Yet history shows stocks typically rebound from outbreaks before long.
The blue-chip Dow Jones Industrial Average index briefly fell more than 1,000 points on Monday, as investors dumped riskier assets after a jump in coronavirus cases outside China fueled global growth worries.
UBS Group AG said on Monday that 38% of its employees in the Americas at the end of last year were women and 25% were people of color, adding that it aims to increase the diversity of its workforce.
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide whether to list it on Euronext Paris by 2022.
A group of UBI Banca investors holding 1.6% of the Italian bank's capital on Monday said a takeover offer by Intesa Sanpaolo significantly undervalues the stock.
Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.
Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split into two companies.
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus.
The Dow Jones Industrials shed 1,000 points on Monday and the S&P 500 was set for its worst day in two years as a surge in coronavirus cases outside China clouded global growth outlook.
As coronavirus fears send the Dow Jones Industrial Average down triple digits, there's one move you want to avoid making. Here's the mistake one behavioral finance expert says investors are most susceptible to at these times — and what you should do instead.
Veteran Bank of America banker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters.
Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the global economy.