Wednesday 29 January 2020

Valaris settles with Luminus, hands board seat to hedge fund

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Valaris settles with Luminus, hands board seat to hedge fund

Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board.

To train more workers, companies turn to virtual reality

The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.

Which company just hit $1 trillion? Google it.

As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.

'Green is good.' Is Wall Street's new motto sustainable?

If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday.

ValueAct's Ubben cheers BlackRock's new stance on climate change

Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies to tackle climate change or face his wrath.

In next war, soldiers will leave their smartphones at home: Peter Apps

As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering the region were told to leave smartphones and personal devices in the United States.

Your money: Avoid divorce money regrets by taking control now

Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that by five years after a divorce, most people feel recovered from the psychological and financial blows.

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