EXCLUSIVE Activist investor Macellum prepares Kohl’s board challenge
Activist hedge fund Macellum Advisors GP LLC is planning to nominate directors to Kohl’s Corp’s (KSS.N) board because it believes the U.S. retailer has not
Category: Business
Braskem shares plunge on delayed Petrobras disposal
Shares in Brazil’s Braskem SA (BRKM5.SA) plunged on Thursday after state-run oil company Petrobras (PETR4.SA) said it has yet to decide when and how to
Wall Street analysts’ 2022 outlook for S&P 500
Wall Street analysts have begun rolling out their predictions for U.S. equity markets in 2022. The benchmark S&P 500 index (.SPX) has risen nearly 25%
China raises banks’ FX reserve requirements for 2nd time this year
China’s central bank has directed financial institutions to hold more foreign exchange in reserve for a second time this year, with markets interpreting it as
Germany clears Mercedes-Benz’s hands-free drive system
Germany’s car watchdog has cleared Mercedes-Benz’s semi-autonomous driving system, paving the way for the Daimler AG (DAIGn.DE) subsidiary to begin offering its Drive Pilot system
Generali launches corporate cyber insurance services
Generali (GASI.MI), Accenture (ACN.N) and Vodafone (VOD.L) have created a package of cyber security services to help the insurer’s corporate clients to detect, react and
Mexico inflation quickens faster than expected to 20-year high
Mexican annual inflation accelerated faster than expected in November to its highest level in over two decades, official data showed on Thursday, reinforcing bets the