Category: Business

Activist fund Amber Capital on Thursday called on French publishing and media group Lagardere (LAGA.PA) to hold a shareholder meeting, its latest bid to trigger a board shake-up as a battle between the firm’s top investors intensifies. Amber, which has teamed up with fellow Lagardere shareholder Vivendi (VIV.PA) to demand four seats between them on […]

TikTok has removed more than 380,000 videos in the United States for violating its hate speech policy so far this year, the short-form video app said on Thursday. The app, owned by China’s ByteDance, also said it banned more than 1,300 accounts for posting hateful content. TikTok said in a blog post that it had […]

An activist investor who shook up Harley-Davidson Inc (HOG.N) earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of Zeitz’s predecessor Matt Levatich in January. Months later, it […]

The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last week, a setback for a struggling U.S. job market crippled by the coronavirus pandemic. Still, in a sign some rehiring is underway, the rolls of those continuing to receive jobless benefits is slowly declining, the […]

Policymakers, economists and investors are turning increasingly to so-called high-frequency data to get a more timely snapshot of the U.S. economy during the fast-moving coronavirus pandemic than traditional monthly and quarterly indicators can provide. These run the gamut from long-established government reports such as the Labor Department’s weekly unemployment benefits figures – which in the […]

Food giant Nestle (NESN.S) is launching a new plant-based tuna alternative in Switzerland this month ahead of a global rollout, hoping that consumers eating at home during the COVID-19 pandemic will stay eager to try new products. Known for Maggi soups and bouillon cubes, Nestle has been investing in plant-based food to make its prepared […]

Delta Air Lines (DAL.N) said on Thursday it will continue blocking middle seats through at least Jan. 6, covering the key holiday season, but will raise the cap on the number of passengers on its flights in October. Delta had previously said it would block middle seats and limit overall seating capacity at 60% on […]