Seven & i Holdings has made a bold move by rejecting the takeover offer from Alimentation Couche-Tard, stating that the offer does not align with the best interests of its shareholders and stakeholders. The unanimous decision was communicated through a filing with the Tokyo Stock Exchange, where it was revealed that Couche-Tard had proposed to
Boeing’s Starliner recently departed from the International Space Station, albeit months behind schedule and without the expected crew members on board. Test pilots Butch Wilmore and Suni Williams remained at the ISS, with plans to return to Earth in February on SpaceX’s Dragon spacecraft. The undocking process, occurring at 6:04 p.m. ET on Friday, is
Broadcom recently reported its fiscal third-quarter results, surpassing Wall Street expectations for both revenue and earnings. Despite this positive outcome, Broadcom’s shares fell by 7% in extended trading. The company’s adjusted earnings per share stood at $1.24, beating the expected $1.20, while its revenue reached $13.07 billion compared to the estimated $12.97 billion. Although Broadcom’s
British luxury fashion house Burberry Group’s recent drop from the U.K.’s FTSE 100 stock market index has brought to light a series of issues plaguing the 168-year-old retailer. With declining sales and numerous management changes, Burberry’s once strong position in the market has been eroded, leading to its exit from the prestigious FTSE 100 blue-chip
Vice President Kamala Harris has recently put forward a proposal to increase the capital gains tax rate for households making over $1 million per year. This proposal aims to raise the current tax rate of 20% to 28%, thereby affecting top earners significantly. Harris emphasized the need to reward investment in America’s innovators, founders, and
The year 2024 has seen a surge in exchange-traded fund (ETF) inflows, surpassing monthly records. Market managers are closely monitoring the impact of the money market fund boom on these inflows. Nate Geraci, president of The ETF Store, has highlighted the significant role of the over $6 trillion parked in money market funds in shaping
Forward Air is a renowned asset-light provider of transportation services operating across North America, Europe, and Asia. With a stock market value of $884.7 million, the company has faced significant activist pressure from Ancora, a well-known wealth investment advisory firm. This pressure has led to a series of events impacting Forward Air’s operations and future
As the National Football League (NFL) season kicks off, automakers are making a significant comeback in the advertising world. Brands such as Toyota, Hyundai, and General Motors are among those seizing the opportunity to capitalize on the NFL and its games as prime advertising platforms in the upcoming months. Toyota, as the “Official Automotive Partner
In a recent development, activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure. This move is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. It has been reported by sources familiar with the matter that Starboard Value made this push through
In 1916, the world saw its first billionaire in the form of John D. Rockefeller, the founder and largest shareholder of Standard Oil. Fast forward to the present day, where the idea of becoming a trillionaire has captured the interest of many. Companies like Berkshire Hathaway and Nvidia have already crossed the trillion-dollar mark, sparking