Icahn takes stake in HP, pushes for merger with Xerox: WSJ

Icahn takes stake in HP, pushes for merger with Xerox: WSJ
(Reuters) – Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc (HPQ.N) and is pushing for the personal computer maker’s merger with printer maker Xerox Corp (XRX.N), arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX... Read More

One of China’s richest men named in Hikvision securities probe

One of China’s richest men named in Hikvision securities probe
SHANGHAI/BEIJING (Reuters) – China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of U.S.-blacklisted surveillance camera giant Hikvision (002415.SZ), the company said. FILE PHOTO: Surveillance cameras are seen near the headquarters of Chinese video surveillance firm Hikvision in Hangzhou, Zhejiang province, China May 22, 2019. REUTERS/Stringer/File Photo Directors Gong... Read More

Icahn pushes for Xerox-HP merger: WSJ

Icahn pushes for Xerox-HP merger: WSJ
FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid (Reuters) – Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp (XRX.N) and HP Inc (HPQ.N), arguing that a union of the printer makers could make big profits for investors, the... Read More

Warren lashes out at Goldman over Apple Card bias claims: Bloomberg

Warren lashes out at Goldman over Apple Card bias claims: Bloomberg
Democratic 2020 U.S. presidential candidate and U.S. Senator Elizabeth Warren (D-MA) speaks at a SEA/SEIU Local 1984 Member Town Hall in Concord, New Hampshire, U.S., November 13, 2019. REUTERS/Brian Snyder (Reuters) – U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card, suggesting it should pull down... Read More

Southwest pilots union says Boeing may be trying to hasten 737 MAX return

Southwest pilots union says Boeing may be trying to hasten 737 MAX return
WASHINGTON (Reuters) – The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX’s return to service. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March... Read More

SoftBank’s Yahoo Japan confirms merger talks with Line, shares jump

SoftBank’s Yahoo Japan confirms merger talks with Line, shares jump
TOKYO (Reuters) – SoftBank’s Yahoo Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line Corp (3938.T), a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up. FILE PHOTO: The logo of Line Corp is seen at the company’s headquarters in Tokyo, Japan, January... Read More

Asian stocks retreat as China’s growth slowdown deepens

Asian stocks retreat as China’s growth slowdown deepens
TOKYO/SINGAPORE (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato MSCI’s broadest index of Asia-Pacific shares outside Japan, which had drifted in to... Read More

Billionaire Hikvision director named in Chinese disclosure probe

Billionaire Hikvision director named in Chinese disclosure probe
FILE PHOTO: A Hikvision surveillance camera is seen on the Drum Tower in downtown Beijing, China June 19, 2019. Picture taken June 19, 2019. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision (002415.SZ), the company said. Directors Gong... Read More