Shareholder activism is proving to be big business for Wall Street, providing banks with opportunities to cozy up to coveted corporate clients and position themselves to reap hefty fees.
The owner of the New York Stock Exchange is pushing a major overhaul of the U.S. stock market aimed at helping exchanges reclaim their role at the center of trading.
SpiceJet canceled flights Wednesday morning as the cash-strapped budget airline struggled to pay for fuel, triggering a selloff of the Indian company’s shares and further damaging its reputation.
Damaging revelations from the computer assault on Sony are playing like a horror movie in executive suites, prompting companies to review security measures and reconsider what is said in an email.
Tommy Bahama and other retailers are a casualty of congestion snarling ports on the West Coast. The logjam in part stems from labor negotiations between port employers and workers.
Australia’s most populous state will go ahead with the partial privatization of its electricity network, as it attempts to raise funds for new infrastructure.
Leaked emails involving a Snapchat director show the startup’s rapid rise was the work of a secretive entrepreneur with a distaste for Silicon Valley conventions.
European Union authorities will widen a high-profile investigation into alleged sweetheart tax deals for multinational companies, in the bloc’s latest move to clamp down on aggressive tax avoidance.
Diageo said growth in the U.S. spirits industry slowed in the past year amid intense price competition and signs that drinkers are falling out of love with flavored vodka.