Bill Ackman opened a wormhole of plagiarism allegations — now his wife is in it
Billionaire hedge-fund manager Bill Ackman led the charge to push out Harvard’s president, Claudine Gay, amid charges of plagiarism. But now the recriminations have boomeranged, with reports that Ackman’s wife may have committed plagiarism in her dissertation. The reports in Business Insider late last week have triggered off a dizzying array of allegations from Ackman, […]
JetBlue CEO Robin Hayes to step down, COO Joanna Geraghty to take over
Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline’s inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline’s […]
Activist investor Elliott takes big stake in Match Group, seeks changes: report
Elliott Investment Management has taken a significant stake in online dating company Match Group Inc., and plans to push for changes to boost its stock, the Wall Street Journal reported Monday night. According to the report, which cited sources familiar with the matter, the activist investor has built a roughly $1 billion stake in Match. […]
Moderna Covid vaccine sales plunge in 2023, but meet company forecast
Nikos Pekiaridis | Lightrocket | Getty Images Moderna on Monday said its Covid vaccine sales plunged by about two-thirds in 2023 to $6.7 billion, as fewer people rolled up their sleeves for an updated version of the jab. The revenue from the shots met Moderna’s forecast for the year, even as sales plummeted from the […]
Samsung Electronics expects profit to plunge in fourth quarter
Samsung Electronics 005930, -1.05% expects its fourth-quarter operating profit to fall 35% from a year earlier, missing market expectations and dampening hopes for an earnings recovery led by its semiconductor business. The world’s largest maker of memory chips, smartphones and televisions said in a preliminary earnings forecast Tuesday that its operating profit is expected at […]
United Airlines’ Boeing 737 Max 9 inspections turn up loose bolts
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport in California on March 13, 2019. Justin Sullivan | Getty Images United Airlines said Monday that it has found loose bolts on door plugs of several Boeing 737 Max 9 planes during inspections spurred when a panel of that type blew […]
Investors kick off busy week that could set the tone on stocks, crypto in 2024
Sure, stocks weren’t so sure-footed as they started out of the gate for 2024, but the first full trading week of the new year may be the one that sets a tone across markets for the coming year. After all, the question of whether inflation has been tamed — or whether it will stay tamed […]
Shein’s revenue is ‘a lot more’ than $30 billion annually: exec
Shoppers walks past advertisements on the opening day of fast fashion e-commerce giant Shein, which is hosting a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario Thursday, Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty Images ORLANDO, Fla. – Little is known about how much revenue […]
Tiger Woods ends Nike partnership after 27 years
A portrait of Tiger Woods of The United States during the pro-am as a preview for the Hero World Challenge at Albany Golf Course on November 29, 2023 in Nassau. David Cannon | Getty Images Tiger Woods’ 27-year partnership with Nike has come to an end. The superstar golfer announced the news in a statement […]
Why Spirit AeroSystems’ stock is falling on the 737 Max 9 news
Shares of Spirit AeroSystems Holdings Inc. took a dive Monday as investors took the aircraft-components maker to task for its part in the grounding of Boeing Co.’s 737 Max 9 planes. The grounding also hurt the shares of a number of other commercial aerospace suppliers with exposures to the 737 Max 9. “We expect the […]
