(Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. The move is a setba... More »
NEW YORK (Reuters) – PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the wake of California’s catastrophic wildfire... More »
(Reuters) – PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming in... More »
ABIDJAN (Reuters) – Desire Koffi often walks through Koumassi, a popular district of Ivory Coast’s main city Abidjan, to collect old mobile phones that he buys from people for 500 CFA francs ($0.8726) a pair. Back home, the 24-year-old Ivorian artist dismantle... More »
NEW YORK (Reuters) – E*Trade Financial Corp will acquire 1 million retail brokerage accounts with around $18 billion of clients’ assets from Capital One Financial, it said on Thursday. The discount brokerage will pay $170 million for the brokerage accounts, wh... More »
E*Trade Financial Corp (ETFC.O) plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday. More »
SEATTLE General Electric Co (GE.N) has agreed to buy a unit of South Korea’s Doosan Engineering and Construction Co (011160.KS) that produces key components of combined-cycle power plants, the head of the U.S. company’s power division said on Tuesday. The $250... More »
TOKYO The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker’s $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst & Young ShinNihon ... More »
PARIS An attempt by Airbus to make history by crossing the English Channel in an electric plane ended in wounded pride on Friday after a French pilot claimed to have beaten it by hours. In a further twist, a Slovenian businessman said he might have beaten both... More »
