Signa dismissed the chief executive officer of its two main property units due to its strong suspicion he’d violated his duties as a board member.
Activist investor Carl Icahn cut his position in FirstEnergy Corp., the Ohio utility owner that has been embroiled in a federal corruption scandal, and relinquished a board seat he controlled.
The float of the Australian dollar 40 years ago today forged a shock absorber that helped the country weather decades of economic turbulence and to punch above its weight in global financial markets.
Jana Partners has taken a position in Trimble Inc. and is urging the software company to avoid more large acquisitions.
The $10 billion of debt lined up for Occidental Petroleum Corp.’s takeover of Texas shale driller CrownRock LP is sizing up to be one of the largest bridge financing deals of the year — and a crucial test for the energy giant.
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