Can This Big Investor Force Sony to Streamline Its Business?

Sony's (NYSE: SNE) stock jumped 8% on April 8 after Reuters claimed that investor Daniel Loeb's Third Point was building an activist stake in the Japanese conglomerate. Loeb's hedge fund, which manages about $14.5 billion in assets, is reportedly raising capital to build a $500 million to $1 billion stake in Sony. That's only equivalent to 1%-2% of Sony's enterprise […]

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Can Activist Investors Force GameStop to Evolve?

GameStop (NYSE: GME) has lost more than 70% of its market value over the past five years, as digital downloads have disrupted its business of selling new and pre-owned video games. During the same period, competition from superstores and online retailers impacted its sales of gaming consoles and accessories, while sluggish mall traffic exacerbated the pain. Those problems caused many […]

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Beckham family out in force at London Fashion Week

A model takes a selfie photograph backstage before the House of Holland Autumn/Winter 2019 fashion week runway show in London, Saturday, Feb. 16, 2019.(Photo by Grant Pollard/Invision/AP) Victoria Beckham doesn't need celebrities at her fashion shows — her A-list family provides more than enough star power. Continue Reading Below The designer's husband, retired soccer superstar David Beckham, and the couple's […]

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Lawsuit seeks to force all-male fraternities at Yale to allow women

A class-action lawsuit filed Tuesday by three women who attend Yale University seeks to ban the school’s all-male fraternities from considering gender in admission decisions. The lawsuit, filed in federal court in Connecticut against Yale University and nine fraternities, is brought by students who allege sexual assault, harassment and discrimination plague the fraternities. The plaintiffs’ lawyers say they believe it is the first time students have sued […]

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ATO wins battle to force electricity company to pay tax

Electricity poles and wires company Spark Infrastructure has taken a $270 million bath, writing down its South Australian electricity distribution assets and cutting dividends after a court decision that will force it to pay more tax. Spark has lost its tax battle with the Australian Tax Office over its subsidiaries, setting a potential precedent for similar industry-wide asset write-downs. Spark […]

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Deadly force: Instead of shooting, police try technology, ‘hands on’ force

LOS ANGELES — A black man suffering from mental health problems, naked and unarmed, runs out into traffic where he is struck by a vehicle. He writhes on the pavement, then gets up and charges angrily toward a police officer. Taser hits fail to stop him.  It’s exactly the kind of scenario that haunts police agencies looking to avoid racially charged […]

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The Next Air Force Fighter Could Be a Budget-Buster

The Air Force's next-generation fighters could cost as much as $300 million apiece in 2018 dollars, according to a new Congressional Budget Office (CBO) report. That eye-watering estimate is sure to attract significant interest from contractors but could cause the military to consider other options. The proposed plane, known inside the Pentagon as the Penetrating Counter Air (PCA), is designed […]

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Triple-amputee Air Force veteran on mission to raise $1B for US-Mexico border wall

Brian Kolfage, a disabled U.S. Air Force veteran, is raising money to help build a U.S.-Mexico border wall. A triple amputee U.S. military veteran says he was inspired to raise money for President Trump’s U.S.-Mexico border wall after reading a New York Post article that questioned why no one had taken up the mantle. In just three days, Brian Kolfage’s GoFundMe […]

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