kwexclusive – The News Desk

A Top Penn Entertainment Shareholder Seeks Board Seats

28Dec

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Money

A Top Penn Entertainment Shareholder Seeks Board Seats

Updated Dec. 28, 2023 8:18 am ETA top shareholder in Penn Entertainment is seeking seats on the casino operator’s board. The hedge fund HG Vora Capital Management, which has an 18.5% economic interest including swaps, is in talks with Penn about placing directors on the company’s board, according to a securities filing made on Thursday, which didn’t say how many. (Its latest 13F filing revealed an 11% stake in Penn.) Should the talks not lead anywhere, the fund might pursue a proxy fight, according to people familiar with the matter. The Wall Street Journal earlier reported on HG Vora’s position. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Nelson Peltz Resigns From Wiesenthal Board Over Its Ben & Jerry’s Tweet

26Dec

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World

Nelson Peltz Resigns From Wiesenthal Board Over Its Ben & Jerry’s Tweet

Billionaire investor Nelson Peltz resigned from his position at the Simon Wiesenthal Center after the Jewish organization urged people not to buy Ben & Jerry’s ice cream.Peltz, who is a board member at Unilever, Ben & Jerry’s parent company, stepped down from the center on Dec. 12, according to people familiar with the matter. His firm, Trian Fund Management, is a Unilever shareholder.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

24Dec

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World

Nelson Peltz Resigns From Wiesenthal Board Over Its Ben & Jerry’s Tweet

Billionaire investor Nelson Peltz resigned from his position at the Simon Wiesenthal Center after the Jewish organization urged people not to buy Ben & Jerry’s ice cream.Peltz, who is a board member at Unilever, Ben & Jerry’s parent company, stepped down from the center on Dec. 12, according to people familiar with the matter. His firm, Trian Fund Management, is a Unilever shareholder.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Biden Convinced Netanyahu to Halt a Pre-Emptive Strike Against Hezbollah

23Dec

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World

Biden Convinced Netanyahu to Halt a Pre-Emptive Strike Against Hezbollah

Dec. 23, 2023 11:30 am ETWASHINGTON—President Biden urged Israeli Prime Minister Benjamin Netanyahu to halt a pre-emptive strike against Hezbollah forces in Lebanon days after Hamas militants’ Oct. 7 assault on southern Israel, warning that such an attack could spark a wider regional war.Israel had intelligence—which the U.S. deemed unreliable—that Hezbollah attackers were preparing to cross the border as part of a multipronged attack, pushing some of Israel’s more hawkish officials to the brink, officials said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Big Design-Software Companies in Talks to Merge

23Dec

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Money

Big Design-Software Companies in Talks to Merge

Synopsys is in talks to acquire Ansys in a move that would create a new design-software giant and mark one of the first big merger deals of the new year. An acquisition of Ansys, which has a market value of nearly $30 billion, could be struck early in 2024, according to people familiar with the matter. The talks could still fall apart, and another suitor could emerge. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

New York Times Staffers Form Journalistic ‘Independence Caucus’ Amid Concerns Over Union’s Actions

17Dec

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World

New York Times Staffers Form Journalistic ‘Independence Caucus’ Amid Concerns Over Union’s Actions

Dozens of New York Times employees have formed a group to take a stand on journalistic independence as concerns grow that the labor union that represents the Times and other outlets has veered toward advocacy.The Times faction, which includes high-profile journalists such as Megan Twohey, Julian Barnes and Emily Bazelon, has created what it calls an “independence caucus” within the NewsGuild-CWA, the parent of the Times’s newsroom union that represents some 1,500 people at the publication.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Robinhood Woos Wealthier Clients From Bigger Brokerages

16Dec

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Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

16Dec

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World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

E-Signature Company DocuSign Explores a Deal

16Dec

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Money

E-Signature Company DocuSign Explores a Deal

E-signature company DocuSign is working with advisers to explore a sale, in what could be one of the largest leveraged buyouts in recent memory.Conversations are in the early stages, people familiar with the situation said, and there are no guarantees a deal will be reached. DocuSign could attract interest from private-equity firms and technology companies.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

16Dec

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World

Activision Blizzard to Pay More Than $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 15, 2023 10:35 pm ETActivision Blizzard has agreed to pay more than $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.The Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8