Trian Fund Management said on Friday that it sold stakes in three of its biggest holdings, including Procter & Gamble Company , in the second quarter for portfolio management reasons and to free up cash to make new investments.
Final regulations that guide businesses and consumers under California's new digital privacy law went into effect on Friday, marking a significant step towards giving Americans the right to request their data be deleted from e-commerce websites and social media.
The global entertainment industry has ground to a halt because of the pandemic, with the American film industry in a particular bind. But it has weathered worse storms and there’s hope for this one too, says an observer.
The precedence could spark a series of coerced acquisition of social networking apps in countries that are either worried about their impact on national security or intend to practise trade protectionism, say Dr Lau Kong Cheen and Dr Vanessa Liu.
Bailout talks between Jaguar Land Rover and Tata Steel with the UK government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business, the Financial Times reported on Friday.
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc .
The U.S. Justice Department has opened a criminal probe into whether NASA's former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday.
Starboard Value said on Friday that it sold nearly three quarters of its stake in eBay Inc during the second quarter when the activist investment firm also ended its proxy fight at the ecommerce company.
