By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -The United States may tip into a recession next year, but…
Lockheed beats estimates on F-35 sales, maintains guidance
By Mike Stone WASHINGTON (Reuters) -U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly revenue on Tuesday, helped by higher…
U.S. Treasury proposes climate data collection rule for insurers
WASHINGTON (Reuters) – The U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related…
Missouri pulls $500 million from BlackRock over asset manager’s ESG push
(Reuters) -Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer Scott Fitzpatrick said on…
Third Point takes stake in Colgate-Palmolive, urges pet food spinoff
By Svea Herbst-Bayliss and Uday Sampath Kumar (Reuters) -Daniel Loeb’s Third Point has built a significant position in toothpaste maker…
Minneapolis Fed directors wanted 100 bp discount rate hike in September
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis board members sought a full percentage point…
Sachem Head’s Ferguson says replacing CEO among tough jobs for activists
By Svea Herbst-Bayliss NEW YORK (Reuters) – Investor Scott Ferguson, who runs Sachem Head Capital Management, said one of the…
Choppy markets likely to boost profit for U.S. exchange operators
By Manya Saini (Reuters) – Heightened market volatility could prove to be a boon for U.S. exchange operators as higher…
Engine No. 1 held talks with Coca-Cola on new recycling initiatives – source
(Reuters) -Sustainability-focused investment firm Engine No. 1 has held talks with Coca-Cola Co about steps the soda giant could take…
Activist Starboard focusing on profitability at Salesforce, Splunk and Wix
By Svea Herbst-Bayliss and David French NEW YORK (Reuters) -Activist investor Jeffrey Smith said on Tuesday his investment firm Starboard…