Fitbit (NYSE:FIT) recently announced an executive shakeup and business realignment to “reignite growth” at the struggling wearables maker, which lostmore than 60% of its market value over the past 12 months. Chief Business Officer Woody Scal andExecutive VP Tim Roberts, who oversaw the company’s social networking efforts, announced that they would step down at the end of March.....More>>>
A railroad has yielded one of the biggest U-turns in the history of hedge fund activism.
A year ago, Canadian Pacific CEO Hunter Harrison, 72, was working alongside hedge fund billionaire Bill Ackman of Pershing Square on a contentious effort to buy competitor Norfolk Southern for $28.4 billion, a deal Harrison said would re-shape the North American rail industry by alleviating bottlenecks....More>>>
WILMINGTON, Del. DuPont will nolonger contribute to active employees’ pension plans, a move that will affect the retirement of 13,000 workers, including 2,800in Delaware.
The Wilmington-area company announced Thursday that workers will stop accruing benefits sometime in November 2018 or the creation date of the first independent company spawned through theproposed $130 billion mergerwith....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins