Starboard Pushes News Corp. to Spin Real Estate Arm
Activist investor Starboard Value LP, which has built a position in News Corp., wants the Murdoch-family controlled media giant to separate its Australian real estate business.
Activist investor Starboard Value LP, which has built a position in News Corp., wants the Murdoch-family controlled media giant to separate its Australian real estate business.
A year ago, Goldman Sachs Group Inc. wanted to make its staff share in the pain of slumping revenue. This time around, the firm’s leaders are trying to cushion the blow.
Environmentalist Bill McKibben, who galvanized public efforts to block the Keystone XL oil pipeline, is now pushing to do the same thing to stop construction of huge liquefied natural gas export terminals along the US Gulf Coast.
The US put 2,000 troops on heightened alert and extended the deployment of an aircraft carrier in the Middle East as the Biden administration makes a show of deterrence ahead of Israel’s expected ground assault on Hamas.
Cie. de Saint-Gobain, the French supplier of building materials, was the first company to confirm it was involved in antitrust probes that swept through the construction chemicals industry on Tuesday.
Israel is in talks with Elon Musk’s SpaceX to set up a Starlink satellite network to bolster wartime communications. Authorities are working to allow civilians to exit Gaza through a crossing with Egypt.
Engine Capital is urging pipe, valves and fittings distributor MRC Global Inc. to consider exploring a sale.
Nishad Singh, the former director of engineering at FTX, faces cross-examination at the Sam Bankman-Fried trial Tuesday.
Space Exploration Technologies Corp. plans to advocate to the US Congress on Wednesday for a multiyear extension of a ban on imposing safety regulations on commercial human spaceflight.
Semiconductor stocks slipped on Tuesday after the US announced sweeping updates to export curbs designed to block China’s access to advanced computer chips, changes that will restrict the sale of semiconductors that Nvidia Corp. designed specifically for the Chinese market.