Little Engine No. 1 beat Exxon with just $12.5 mln – sources
Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp(XOM.N), less than half its originalbudget, for the year’s biggest and most closely watched corporate contest, people familiar with the number said.
Global shares edge lower on new COVID-19 outbreaks in Asia
Global shares edged lower on Tuesday, as new coronavirus outbreaks in Asia vied with strong U.S. consumer confidence, and as investors speculated about whether the Federal Reserve would accelerate its timetable to end easy monetary policy.
U.S., European suppliers scramble to secure Christmas goods as cargo delays worsen
Suppliers to Walmart (WMT.N), Target (TGT.N), Amazon.com (AMZN.O) and other major retailers told Reuters they are placing holiday orders for Chinese-made merchandise weeks earlier this year, as a global shipping backlog threatens to leave many gift buyers empty-handed this Christmas shopping season.
United Airlines unveils huge jet order in push for growth
United Airlines (UAL.O) unveiled its largest-ever order for Boeing (BA.N) and Airbus (AIR.PA) jets on Tuesday, lining up 270 planes in a push for post-pandemic growth with bigger jets for domestic flying
UK government set for leading role in insuring live entertainment
The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.
Bank stocks set Dow for higher open ahead of consumer confidence data
The blue-chip Dow index was set to open higher on Tuesday, as shares of big U.S. banks rose, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases across Asia.
EXCLUSIVE SoftBank leads new funding round in Gympass, valuing startup at $2.2 bln
Gympass, which makes gym memberships more accessible for corporate employees, has raised $220 million in a funding round led by existing investor SoftBank Group Corp (9984.T), more than doubling the startup’s valuation to $2.2 billion.
Uber to let office staff work up to half their time from anywhere -source
Uber Technologies Inc (UBER.N) will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, according to a person familiar with the matter.
Dollar bides time below two-month highs before payrolls test
The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
Pandemic boom drives UK house prices up by most since 2004
British house prices jumped by the most in more than 16 years this month, soaring by 13.4% from June 2020, and demand is expected to stay strong while a coronavirus emergency tax break remains in place, mortgage lender Nationwide said.
