Author: Press Room
Michael M. Santiago Billionaire investor Nelson Peltz’s Trian Fund Management raised its stake in movie and theme park giant Walt Disney (NYSE:DIS) in Q3 2023, while taking new positions in food distributor Sysco (SYY) and insurer Allstate (ALL). The fund also disposed off its stake of 16.5K class A shares in Oreo-maker Mondelēz International (NASDAQ:MDLZ) in Q3. Trian Fund disclosed the information in its latest 13F filing for the three months ended September 30, 2023, published on Tuesday. As per the filing, Trian upped its stake in Disney (DIS) by 13.7% to 7.30M shares in Q3 from 6.43M in Q2…
Just weeks into his new job, Speaker Mike Johnson has already learned a valuable, if painful, lesson: Being an uncompromising conservative hard-liner is much easier from the backbenches of the House than it is from the leadership suites.The stopgap spending bill he pushed through the House on Tuesday with overwhelming support from Democrats over the objections of a solid bloc of Republicans was a near-exact replica of the funding package he had opposed six weeks ago, when he was still an obscure lawmaker from Louisiana.But as speaker, Mr. Johnson was forced to bow to the political reality that spending proposals…
The Israeli military said early Wednesday its forces had entered Gaza’s Al Shifa Hospital. Israel has repeatedly accused Hamas of using the facility for cover.Doctors at the hospital have pleaded in recent days for assistance amid failing power. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The Israeli military says its forces have entered Gaza’s Al Shifa Hospital, the site of a lengthy standoff.The army has surrounded the facility as part of its ground offensive against Hamas. Israeli authorities claim the militant group conceals military…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In April, a month after Japan’s biggest sex abuse scandal in the entertainment industry came to light, the talent agency under question belatedly established a whistleblower hotline that would allow victims to come forward. The hotline, however, had a major flaw. It was only open to employees of Johnny & Associates, meaning the hundreds of self-employed young male entertainers who may have been abused by its late founder Johnny Kitagawa were not eligible to use the new mechanism to report their complaints.This lack…
© Reuters. FILE PHOTO: Pheu Thai’s Srettha Thavisin gestures, after Thailand’s parliament voted in favour of his prime ministerial candidacy, in Bangkok, Thailand August 22, 2023. REUTERS/Athit Perawongmetha/File Photo By Panu Wongcha-um and Devjyot Ghoshal BANGKOK (Reuters) – Thailand’s new government will use its controversial digital handout plan to spend its way out of what it calls an economic “crisis” without making any major cutbacks or hitting its credit ratings, a senior government advisor said. Prime Minister Srettha Thavisin’s signature 500 billion baht ($13.87 billion) stimulus policy has faced criticism over fears it could stoke inflation and adversely impact the…
© Reuters. FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, U.S. December 5, 2019. REUTERS/Nick Pfosi/File Photo/File Photo By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp (NYSE:) and had raised its stake in Walt Disney (NYSE:) Co by 412%, to own 32.8 million shares. Reuters reported exclusively last month that activist investor Nelson Peltz’s Trian built the Allstate Corp stake at a time insurers are struggling to cope with the fallout…
© Reuters. FILE PHOTO: A satellite image shows Al-Shifa hospital, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza November 11, 2023. Maxar Technologies/Handout via REUTERS/File Photo By Nidal al-Mughrabi GAZA (Reuters) -The Israeli military said it was carrying out a raid on Wednesday against Palestinian Hamas militants in Al Shifa Hospital, the Gaza Strip’s biggest hospital, and urged them all to surrender. Less than an hour earlier, around 1 a.m. local time (2300 GMT), a Gaza health ministry spokesman said Israel had told officials in the enclave that it would raid the Shifa hospital…
Bryan Bedder Billionaire investor Bill Ackman’s Pershing Square Capital Management increased its stake in Google-parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) in Q3 2023, while trimming its position in home improvement retailer Lowe’s Companies (LOW). Pershing Square disclosed the information in its latest 13F filing for the three months ended September 30, 2023, published on Tuesday. The hedge fund raised its holdings in Alphabet’s (GOOGL) class A capital stock to 4.35M shares in Q3, from 2.19M shares in Q2 2023. It held 9.38M shares of Alphabet’s (GOOG) class C capital stock at the end of Q3, unchanged from Q2. Meanwhile, Pershing Square decreased…
A controversial far-left prosecutor in Virginia who’s received enormous backing from liberal billionaire George Soros has been defeated despite significantly outspending her opponent.Loudoun County Commonwealth’s Attorney Buta Biberaj, whom Soros has backed with nearly $1 million since 2019, lost to her Republican opponent, Bob Anderson, by 300 votes in a race that wrapped up counting its remaining ballots from last week’s election on Tuesday evening, Fox 5 DC reported.”We are finished. We are waiting for the certification. Our electoral board is working on signing abstracts, and reviewing paperwork,” a Loudoun County election official told Fox 5.GEORGE SOROS CIRCLES BACK TO VIRGINIA TO…
Shares of The Beauty Health Company (SKIN) took an absolute beating today, tanking 64% after the company announced Q3 results last night that were far worse than […]