By Svea Herbst-Bayliss NEW YORK (Reuters) -Elliott Investment Management scored a victory on Monday in its board fight at Phillips 66 (NYSE:PSX) when prominent proxy advisory firm Institutional Shareholder Services (ISS) recommended that investors elect all four of the activist’s director nominees. Elliott, which owns a roughly $2.5 billion stake in Phillips, has been pushing the oil refiner, va ...
Investing.com -- Boeing (NYSE:BA) announced on Tuesday that it delivered 45 commercial jets in April, a significant increase from the 24 airplanes it delivered in the same month a year ago. The delivery of aircraft is an important metric for Wall Street as the majority of payment for planemakers comes when they hand over jets to customers. Boeing, which has been dealing with years of crises and pr ...
By Daniel Leussink YOKOHAMA, Japan (Reuters) - Nissan (OTC:NSANY) Motor unveiled sweeping new cost cuts on Tuesday, saying it would eliminate 11,000 more jobs and close 7 plants, capping a tumultuous year that has left the Japanese automaker fighting to turn itself around. Nissan, which held off on releasing estimates for the financial year just starting, saw its profit almost wiped out in the one ...
Investing.com -- British stocks closed slightly lower on Tuesday, following gains from the U.S.-China trade deal, while newly released economic data showed that the U.K. unemployment rate rose in March.The blue-chip index FTSE 100 fell 0.05% and the British GBP/USD rose 0.8% against the dollar to 1.3272. Meanwhile, DAX index in Germany rose 0.4%, the CAC 40 in France gained 0.3%. Bo ...