Activist investor Robbins shutting hedge fund to pursue other things

FILE PHOTO: Clifton Robbins, founder and CEO, Blue Harbour Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not Continue Reading

Facebook, Microsoft shelve conference plans as coronavirus fears spread

FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by withdrawing from a Continue Reading

Eight men in frame to run Norway wealth fund, including deputy CEO

OSLO (Reuters) – Eight candidates have applied to head Norway’s sovereign wealth fund, the country’s central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition. Norwegian wealth fund CEO Yngve Slyngstad speaks at Continue Reading

No global digital tax by end-2020 would mean chaos: France

RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or Facebook (FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday. FILE PHOTO: French Finance Minister Continue Reading

Senator hedge fund’s founding duo to split; Klabin will leave firm

BOSTON (Reuters) – Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional marriages. Alexander Klabin will be leaving the $6.9 billion Senator to “pursue a more entrepreneurial approach to investing,” the firm wrote Continue Reading

French judges step up Ghosn probe over palace party, Oman dealings

PARIS (Reuters) – French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation. FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at Continue Reading

The truth about ‘greedy’ seniors and the ‘war’ between generations

CHICAGO (Reuters) – Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get gutted.” The Wyoming Republican’s memorable phrase from 2012 is a good example of the colorful language of Continue Reading

U.S. weighs blocking GE engine sales for China’s new airplane: sources

(Reuters) – The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market. FILE PHOTO: China’s home-grown C919 passenger jet taxis Continue Reading