Sectors
Activist investor Starboard purchases 5.6% stake, to push for strategy change in Darden Restaurants
Activist investor Starboard Value has acquired a 5.6% stake in Darden Restaurants for $374 million. Starboard will become the second activist investor within months to push for a strategy change in the struggling restaurant operator.
Ex-HSBC Holdings product specialist creates Luminance Global Fund to invest in global liquid securities
Roshan Padamadan, a former HSBC Holdings Plc product specialist, has started a hedge fund that will seek for opportunities in global liquid securities, Bloomberg reported.
Dutch court orders luxury jewelry retailer Tiffany & Co. to pay Swatch $449M in damages
A Dutch arbitration court on Friday ordered American luxury jewelry retailer Tiffany & Co. to pay Swiss watchmaker Swatch Group $449 million in damages over their failed 20-year joint venture.
No sellers seen even as Scandinavian phone firms say takeovers beneficial- report
There are no sellers even as Scandinavian phone companies believe that mergers would benefit not only the region but corporate earnings as wel.