Daniel Loeb

22 results

The GameStop bubble features a mix of traditional investing, rampant enthusiasm, stock-market mechanics and the belief that anyone with a Robinhood account can meme a fortune into existence.  Photograph:  Olivier Douliery / AFP via Getty Images

The internet and stock market are aflame over GameStop, the video game retailer whose stock is suddenly the darling of day traders who are putting the(...)

TUI Group, Europe’s biggest travel company, jumped 8.5% on a new compensation and delivery deal struck with US-based Boeing. Photograph: Peter Byrne/PA Wire

European shares rallied on Wednesday, with insurers jumping after France’s Axa said it would pay a dividend, while improving global economic data spur(...)

Sony  has been under renewed pressure from US activist investor Daniel Loeb to unwind a series of holdings. Photograph: Yoshikazu Tsuno

Sony’s decision to sell its stake in Olympus was cheered by investors on Friday, as hopes strengthened the Japanese conglomerate would offload more of(...)

Awaiting Sony chief executive Kenichiro Yoshida ahead of a news conference in Tokyo. Mr Yoshida is currently  looking for ways to spark growth. Photograph: Reuters

Sony cut its full-year revenue outlook, citing slower-than-anticipated sales of its PlayStation 4 games console, televisions and Xperia smartphones. (...)

European shares rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks whereby the good assets will go to Intesa Sanpaolo. (Photograph: Reuters)

Markets performed well on Monday with Europe benefitting from the news that Italy had reached a deal to wind up to failed banks. In Ireland it was a m(...)

Sony’s movie and TV unit is to buy Britain’s CSC media network. Photographer: Tomohiro Ohsumi/Bloomberg

Sony’s movie and TV unit will snap up Britain’s CSC media network, adding to a string of acquisitions by the Japanese company to shift its focus from (...)

Hertz’s first-quarter results are likely to be below market estimates due to costs related to the accounting review, the company said in a regulatory filing. Photograph: Reuters/Rebecca Cook

Car rental company Hertz Global said it would restate or correct financial results for the past three years to fix accounting errors originating in(...)

Andrew Liveris:  said the company was “open to all good ideas”. Photograph: Scott Eells/Bloomberg

A break-up of Dow Chemical would raise costs, its chief executive has said, as he rejected calls from Third Point, the hedge fund, for the group to sp(...)

Nokia Lumia 625 Windows smartphones on display inside the new Microsoft store in Berlin, Germany. Photo: Bloomberg

Nokia shareholders are today expected to approve the sale of its mobile phone business to Microsoft, with the deal’s financial benefits likely to outw(...)

Francis Bacon’s 1969 triptych, “Three Studies of Lucian Freud,” on display as it is auctioned at Christie’s in New York, November 12th, 2013. The painting sold for $142.4 million, described as the highest price ever paid for an artwork at auction. Photograph: Chang W. Lee/The New York Times.

A painting by Dublin-born artist Francis Bacon sold for $142.4 million (€105.3 million) at auction in New York last night – the most valuable work of (...)

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