According to regulatory filings, U.S. hedge fund Third Point LLC has sold all American Depositary Receipts (ADRs) that it holds in the Japanese company. In recent months it had been pushing Sony Corp to increase return of stakeholders, including spinning-off… Read More ›
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
The development is significant in two ways: Cunningham’s appointment as NYSE’s first CEO and Thomas Farley’s departure from NYSE to head Far Point, a SPAC, that has the backing of Third Point LLC. In a first of its kind, the… Read More ›
As per sources, the Honeywell is mulling the creation of at least two new public limited companies as a result of the spin-off, one of which could include its aerospace business. GE is also in the process of spinning-off or… Read More ›
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