CFOs Dealt With a Record Number of Activist Investors in 2019
A record 99 campaigns globally had an M&A-related thesis, accounting for about 47% of all the year's activity.
BIS Spotlights Role of Large Banks in Repo Shock
The banks' diminished ability to supply funding at short notice could have "amplified the repo rate reaction" in September, a report says.
Will Inverted Yield Curve Invite Economic Chaos?
Some experts say markets are in for a nightmarish ride; others believe the yield-curve inversion won't trigger an economic crisis, as past inversions have.
Toys ‘R’ Us Plans to Reopen for Business in U.S.
The hedge funds that control the bankrupt retailer have decided a reorganization is preferable to selling off its name and web domains.
Institutional Investors Put Private CFOs in the Public Eye
The rise of "crossover investors" — institutional investors that fund private start-ups — blurs the line between public and private companies.
Mizuho Fined Over Handling of Buyback Orders
The SEC says the bank failed to prevent nonpublic information about clients' stock buybacks from being disclosed to other traders and hedge fund clients.
Activist Shareholders: Bane or Boon?
Corporate executives and activist shareholders rarely see eye to eye, but an attorney for the latter says activists can help improve company performance.
Lehman to Pay Another $1.6B to Creditors
Distributions from Lehman Brothers' bankruptcy estate have benefited third-party creditors such as hedge funds that bought its debt at a steep discount.
Pharma Exec Shkreli Accused of Hedge Fund Fraud
Martin Shkreli raided his pharmaceutical companies to cover up his hedge fund trading losses, said federal prosecutors.
Shareholder Activism May Decline Next Year
"Activism has become a crowded field, with too many players chasing after a diminishing number of attractive targets," says Moody's.
Michael Dell’s False Dichotomy
Why going private won't necessarily pay off for the computer company.