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Pershing Square’s half-year performance boosted by Chipotle, ADP

Pershing Square’s half-year performance boosted by Chipotle, ADP

Stakes in Chipotle and ADP helped Bill Ackman post his best first-half performance in four years.

Published 1 second ago

Third Point urges Campbell Soup to put itself up for sale

Third Point urges Campbell Soup to put itself up for sale

Daniel Loeb’s activist fund has taken a near-6% stake in the food company

Published 1 second ago

Valuations Are Slipping Even as Stocks Hover Near Records

Valuations Are Slipping Even as Stocks Hover Near Records

Stock-market valuations are lower now than they have been for a while, but that doesn’t mean shares are cheap.

Published 6 days ago

For Uber and Airbnb, New York City Turns Foe

For Uber and Airbnb, New York City Turns Foe

Two measures in New York City could hamper Silicon Valley heavyweights Uber Technologies and Airbnb as they prep for potential initial public offerings expected as soon as next year.

Published 6 days ago

Saudi Students Fret Over Future After Order to Leave Canada

Saudi Students Fret Over Future After Order to Leave Canada

Saudi Arabia’s escalating diplomatic row with Canada has upended the lives of the thousands of Saudi students at Canadian universities who have been ordered out of the country by the kingdom.

Published 6 days ago

Saudi Students Fret Over Future After Order to Leave Canada

Saudi Students Fret Over Future After Order to Leave Canada

Saudi Arabia’s escalating diplomatic row with Canada has upended the lives of the thousands of Saudi students at Canadian universities who have been ordered out of the country by the kingdom.

Published 6 days ago

Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

Sumner Redstone doesn’t want his heirs to have an easy time selling off his family’s controlling stakes in media companies Viacom Inc. and CBS Corp. And he put it in writing in his estate planning documents.

Published 6 days ago

Tribune Terminates $3.9 Billion Merger With Rival Sinclair

Tribune Terminates $3.9 Billion Merger With Rival Sinclair

Tribune Media terminated its merger agreement with rival TV station-owner Sinclair Broadcast Group and sued the company, alleging it failed to make sufficient efforts to get their $3.9 billion deal approved by regulators.

Published 6 days ago

Growth Seen Hitting 3% in 2018, But Risks to Outlook Mount After This Year

Growth Seen Hitting 3% in 2018, But Risks to Outlook Mount After This Year

Economists are boosting their projections for growth in U.S. output this year, but trade disputes, a fading boost from fiscal stimulus and rising rates leave them thinking strong growth won’t last much longer than that.

Published 6 days ago

U.S. Sanctions Put Russia on Edge

U.S. Sanctions Put Russia on Edge

Russian officials and companies were bracing for further economic pain, as the U.S. decision to punish the Kremlin for an alleged nerve-agent attack in the U.K. diminished hopes of a bilateral thaw.

Published 6 days ago

Discrepancy Over Saudi Oil Data Could Rattle Markets

Discrepancy Over Saudi Oil Data Could Rattle Markets

Saudi Arabia has pressured independent energy analysts to alter their estimates of its oil production, a move that could put it in conflict with other OPEC members.

Published 6 days ago

Meet the Chatbots Providing Mental Healthcare

Meet the Chatbots Providing Mental Healthcare

Researchers are working to teach empathy to artificially intelligent messaging tools, with the goal of supplementing human therapists

Published 6 days ago

In Orban’s Hungary, a Glimpse of Europe’s Demise

In Orban’s Hungary, a Glimpse of Europe’s Demise

Onetime dissident cozies up to Putin, betting that the post-Cold War era of liberal democracy is doomed. Among the economic and political implications: Hungary is building a giant Russian-designed nuclear power plant that will give Moscow leverage over its energy supply for decades to come.

Published 6 days ago

How Should Pepsi’s Indra Nooyi Be Graded?

How Should Pepsi’s Indra Nooyi Be Graded?

The outgoing CEO’s final report card speaks to an important debate. What is more valuable: maximized shareholder returns or management stability?

Published 6 days ago