Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and ...
Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye
Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...
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Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business
Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.
Wall Street mixed as Coca-Cola gains and Tesla dips
(Reuters) -Wall Street's main indexes were mixed on Tuesday as gains in Coca-Cola (NYSE: KO) and Apple (NASDAQ: AAPL) offset ...
California Teen Sentenced to 4 Years in Prison for Making Hundreds of ‘Swatting’ Calls Across the US
A California teenager was sentenced to four years in prison in a case involving hundreds of swatting calls, including to a Florida mosque among other institutions and individuals ...
GlobalFoundries price target lowered to $45 from $48 at BofA
BofA analyst Vivek Arya lowered the firm’s price target on GlobalFoundries (GFS) to $45 from $48 and keeps a Neutral rating on the shares after ...
WK Kellogg Q4: EPS Beat, Sales Miss Amid Challenging Market Conditions
WK Kellogg Co (NYSE:KLG) shares are trading lower on Tuesday. WK Kellogg reported fourth-quarter adjusted earnings per share of 42 cents, beating the street view of 26 cents. Quarterly sales of $640 ...
Stock market today: Dow, S&P 500, Nasdaq tread water as investors digest Powell testimony, Trump's tariffs
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.