EU judges have ruled that Spain’s courts can resolve a dispute over unfair floating-rate mortgages, sparing lenders billions of euros in potential upfront compensation. However, as rates head south Christopher Thompson argues the same loans will becom…
Activist investor Elliott Management has taken a stake in the $30 billion messaging service and wants to shake it up, including maybe replacing founder and boss Jack Dorsey. Dorsey is already CEO of another company, Square, so he’s a reasonable target,…
Italy has pledged 4.5 bln euros to fight a coronavirus outbreak at home, offering tax breaks to keep companies alive. Central banks alone are unable to kill the virus. Lisa Jucca explains the merit of practical economic measures.
The activist investor looms large in HP’s account of why it rejected a $35 bln takeover approach from rival Xerox. Icahn makes a good case for a merger between the two – but his stakes on both sides and blunt style have also made it easier for HP to sa…
The choice of Jes Staley’s successor will determine the UK lender’s strategy for years. Executives with investment banking chops, like Bill Winters, would fit. As Liam Proud explains, that would spark a new showdown with activist investor Ed Bramson, w…
It’s too late to stop the disease from becoming a pandemic. Robert Cyran explains why, and how it’s likely to overload medical systems and probably cause a recession. But there are good ways to lessen its impact.
The government wants to lop 6% a year off public sector wages to rein in the biggest deficit since the apartheid era. That points to a dangerous showdown with powerful unions. Ed Cropley explains how this could darken an already grim economic picture.
Turnover at the top of U.S. companies has hit a record pace. Economic, political and regulatory uncertainty give bosses plenty of reasons to choose to chill out. But as Lauren Silva Laughlin explains, departures can also add more risk for investors.
Spirits maker Diageo reckons the coronavirus outbreak could cost it $420 mln in sales this year, while Danone is forecasting a $110 mln hit in the first quarter of 2020. But neither is factoring in the effect of the disease spreading much beyond Asia, …
Intuit is buying the upstart finance portal Credit Karma for over $7 billion. The owner of TurboTax and QuickBooks is bulking up its consumer business and enhancing its technology chops. But consumers may end up footing part of this bill, says Anna Szy…