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ELLIOT INVESTMENT MANAGEMENT
US: Southwest Airlines, in a major policy shift, ends free check-in of bagsSouthwest Airlines will implement baggage charges for the very first time, thus ending a long-standing policy that distinguished it from it...- THIS Cryptocurrency ETF could soar up to 5,400%, claim some Wall Street analysts. Here's what you should knowAccording to experts at Wall Street, cash-rich billionaires are on a buying spree of a certain Cryptocurrency ETF, that may soar to unimagi...
- Why Elon Musk may not drive Tesla to India anytime soonTesla delays new factory investments, focusing on capex efficiency. Model 2 launch canceled, Musk hints at new models. Rivian shifts to pro...
- Loyola Chennai alumni Karthik Rao appointed Nielsen CEODavid Kenny, who was the CEO since 2018, would become the executive chairman. Nielsen gathers viewership data across television, radio and ...
- EV maker Rivian takes bold bet with higher-priced vehicles amid heating competitionRivian calmed investor nerves this week by sticking to its 2023 production target and reporting better-than-expected quarterly revenue in a...
- PayPal reveals $2 billion stake held by Elliott, announces new CFOPayPal shares shot up nearly 12% after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial office...
- Dollar holds near multi-month high on US growth betsThe dollar's index against a basket of six major currencies hit a five-month high of 93.439 on Wednesday and last stood at 93.209.
- Jack Dorsey is here to stay: Twitter board backs CEO after ouster bidTwitter had been facing pressure by Elliott Management to replace Dorsey.
- Pension funds sink billions into a new world of risk“Because of low interest rates, we have to cast our nets far and wide to search for returns.”
- Activist fund Elliott exits Cognizant with big gainsElliott Management was the first activist hedge fund to take aim at an India heritage IT services firm and Cognizant with its US listing an...
- Activist giant Elliott sets sights on troubled FortisElliott has started buying shares and is said to be working with Alvarez & Marsal and others in talking to Fortis creditors, which have con...
- Hindalco weighing bid to acquire Aleris Corp of USAn acquisition of Aleris will help Hindalco and Novelis consolidate further in the can and auto segments, the margins for which have been i...
- We are confident that what we are doing is good for the US economy: Francisco D'Souza, Cognizant"As digital becomes more prevalent we are looking for skills like design talent and data science and we will hire those folks in other part...
- Chinese food delivery startup Noodle Play plans to raise Rs 15 crore for expansionNoodle Play follows the footsteps of ecommerce giants such as Flipkart and Snapdeal wherein the startup is spreading its brand online.
- US-based hedge fund Elliott Management Corp mops up Patni Computer Systems's floating stock ahead of delistingElliott Management Corp has picked up a 9.4% stake in Patni Computer Systems, possibly scuppering iGate Corporation's efforts to delist the...
- Asia top infrastructure investment destination over next 12 months, says a surveyAbout half of investment consultants worldwide believe that Asia will offer attractive opportunities in the infrastructure space over the n...
- Infra funds raise $2.8 bn globally in June quarter: PreqinThe largest fund currently in the market is Global Infrastructure Partners II, which is targeting between USD 5 and USD 6 billion.
- Starwood Hotels and Resorts plans 15 new properties in IndiaStarwood Hotels and Resorts Group plans to set up 15 new properties in India in the next 3-4 years, a top company official said.
- Wall Street hedges bets on presidential hopefulsFinancial advisors say many Wall Street money managers are still hedging their bets on this year's presidential race, partly because the fr...
- The magic of the 'Dabbawallah'From Kharagpur to Nebraska, they listened to him. Students, professors, delegates et al --- everyone of them.
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