Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

NEW YORK (Reuters) – Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday. “A record 99 campaigns with an M&A-related Continue Reading

Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G

PARIS (Reuters) – European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the Continue Reading

U.S. judge hears closing arguments in T-Mobile/Sprint merger trial

NEW YORK (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws. FILE PHOTO: A smartphones with Continue Reading

U.S., China agree to semi-annual talks aimed at reforms, resolving disputes: WSJ

FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj (Reuters) – The United States and China have agreed to hold semi-annual talks aimed at pushing for reforms Continue Reading