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United Kingdom

Jessica DiNapoli

Exclusive: Hedge fund Whitebox places big bet on gunmaker Remington

11 Nov 2019

Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company.

Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores

07 Nov 2019

NEW YORK Sears told Reuters on Thursday it had won a $250 million (£195.05 million) lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain's finances.

U.S. SEC proposes rules that could limit shareholder voices

05 Nov 2019

WASHINGTON Wall Street's top regulator on Tuesday proposed a pair of long-awaited rules that would set new limits on shareholders’ ability to call for corporate changes on thorny issues like climate change disclosures and executive compensation.

U.S. boards end era of impunity for 'skirt-chasers,' McDonald's firing shows

05 Nov 2019

NEW YORK Directors of U.S. companies are increasingly showing zero tolerance for executives' sexual relationships with employees, even consensual ones, an attitude shift evident in McDonald's Corp's dismissal of CEO Steve Easterbrook this week.

U.S. SEC to propose rules that could limit shareholders’ voice in corporate voting proposals

05 Nov 2019

WASHINGTON, Nov 5 Wall Street's top regulator is poised on Tuesday to propose a long-awaited rule that would set new limits on shareholders’ ability to call for change at companies on thorny issues like climate change disclosures and executive compensation.

Proxy adviser ISS sues U.S. markets regulator over guidance aimed at curbing advice

02 Nov 2019

WASHINGTON Proxy adviser Institutional Shareholder Services Inc on Thursday sued the U.S. Securities and Exchange Commission over guidance aiming to clarify how investors and firms that vote on their behalf should cast their ballots in corporate elections.

Proxy adviser ISS sues U.S. markets regulator over guidance aimed at curbing advice

31 Oct 2019

WASHINGTON, Oct 31 Proxy adviser Institutional Shareholder Services Inc on Thursday sued the U.S. Securities and Exchange Commission over guidance aiming to clarify how investors and firms that vote on their behalf should cast their ballots in corporate elections.

Barneys close to sale to Authentic Brands after rival bid fails: sources

24 Oct 2019

NEW YORK Luxury retailer Barneys New York Inc is close to being sold to licensing firm Authentic Brands Group LLC after a competing bid from a trade show executive failed to qualify for a bankruptcy auction, people familiar with the matter said on Thursday.

SoftBank clinches WeWork takeover deal, bailing out co-founder

24 Oct 2019

SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the U.S. office-space sharing startup's co-founder Adam Neumann to relinquish control.

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands

24 Oct 2019

NEW YORK Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York Inc, challenging a $271 million bid for the bankrupt luxury department store from brand developer Authentic Brands Group LLC.

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