Elliott Management Corp.’s decision to build a stake in GlaxoSmithKline Plc piles more pressure on Chief Executive Officer Emma Walmsley to speed up a turnaround of the U.K. pharmaceutical giant.
U.S. consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years.
An index of New York city regional service-sector firms expanded in April after declining for 13 straight months, marking the first signs of life in a key industry battered during the Covid-19 pandemic.
Stockholm-based money manager Sean George is winding down the $100 million hedge fund he created as he steps down as chief investment officer of Strukturinvest for a new role outside Sweden.
The fight to buy Hertz Global Holdings Inc. out of bankruptcy is escalating after a group of investors that were previously outbid sweetened their deal to give the reorganized company an enterprise value of around $6.2 billion.
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