AT&T to add directors, sell up to $10 billion in assets next year

(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management. The second-largest Continue Reading

Saudi Aramco to start IPO subscription on Dec. 4: Arabiya

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov DUBAI (Reuters) – Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Continue Reading

Fisher loses another $584 million from high-profile clients

BOSTON (Reuters) – A Texas retirement system and Goldman Sachs Group Inc pulled a combined $584 million from Fisher Investments on Friday, after allegations that firm founder Ken Fisher made sexist comments at a conference. FILE PHOTO: Columnist and Investor Ken Fisher speaks to Reuters in New York, April 14, Continue Reading

Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes

JAKARTA (Reuters) – Boeing (BA.N), acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian investigators found. FILE PHOTO: Lion Continue Reading

Top pension consultant NEPC questions sustainability of Fisher Investments

BOSTON (Reuters) – Top pension consultant NEPC said it questioned the “sustainability” of Fisher Investments, in a memo sent to NEPC clients and seen by Reuters on Tuesday. The memo, a setback to Fisher as major clients move to withdraw assets, is dated Oct. 17. In it NEPC recommended that Continue Reading

Halliburton profit falls 32% on weak North America drilling

FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo (Reuters) – Halliburton Co (HAL.N) reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers Continue Reading