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  • Reuters - UK Focusyesterday

    Loeb's Third Point targets 'staid' Nestle for change

    Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a more than 1 percent stake in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The stake, worth around 3.28 billion Swiss francs ($3.4 billion), is one of the largest taken by the hedge fund, which pressed for change in recent years at U.S. internet firm Yahoo (NasdaqGS: YHOO - news) and Japan's Sony Corp (Hanover: SON1.HA - news) . Third Point disclosed its Nestle position in a letter to investors, in which it argued the food company should sell its 23 percent stake in French cosmetics firm L'Oreal SA.

  • Well-known names surface as possible Uber CEO candidates
    Associated Press5 days ago

    Well-known names surface as possible Uber CEO candidates

    Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO. That's a lot for ...

  • Uber searches for a new CEO in wake of Kalanick's departure
    Associated Press5 days ago

    Uber searches for a new CEO in wake of Kalanick's departure

    DETROIT (AP) — Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO.