Tag: David Faber
Kenvue settles proxy fight with activist Starboard, adding three directors
Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board.Starboard's Jeff Smith will join the board of th [...]
Stock climbs on reports of Mars interest
Signage for Kellanova outside the New York Stock Exchange on Sept. 5, 2023.APShares of Kellanova climbed 13% in morning trading Monday on reports of b [...]
Paramount, Skydance agree to terms of a merge deal
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.Getty ImagesParamount and Skydance have [...]
Paramount stock slumps on reports of equity raise for merger
Paramount Global's stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity [...]
‘I’ll say what I want’
Elon Musk told CNBC's David Faber on Tuesday that he doesn't care if his inflammatory tweets scare away potential Tesla buyers or Twitter advertisers. [...]
Disney blindsided Chapek with decision to replace him with Iger
Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, [...]
Dan Loeb’s Third Point builds stake in Colgate, sees value in pet food business in potential spinoff
Daniel LoebSimon Dawson | Bloomberg | Getty ImagesDan Loeb's Third Point has built a sizeable stake in consumer giant Colgate-Palmolive, according to [...]
Activist investor Starboard reveals stake in Salesforce, sees significant opportunity
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John's International Inc.Brendan McDermid | ReutersStarboard Value LP has taken a stake [...]
Rivian stock plummets as Ford sells shares of EV start-up
Shares of Rivian Automotive closed Monday at a new low following a CNBC report that Ford Motor is selling 8 million shares of the electric vehicle sta [...]
DraftKings makes $20 billion offer for UK sports betting company Entain, sources say
Omar Marques | LightRocket | Getty ImagesDraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people fami [...]
Engine No. 1 takes local weather combat to different massive oil corporations after underdog win at Exxon
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, Might 15, 2021.Kathleen Flynn | ReutersActivist agency Engine No. 1 after [...]
Credit score Suisse continues to be unloading shares of Discovery from Archegos
Credit score Suisse financial institution.NurPhoto | NurPhoto | Getty PhotosCredit score Suisse continues to be unraveling its positions from the b [...]
Actual property fintech CoreLogic receives a number of potential bids at greater than $80 a share, sources say
Property information and analytics agency CoreLogic has obtained a number of potential takeover bids that worth the corporate at north of $80 a sha [...]
Hidden wine cave, $110 million parking invoice
Fracking big Chesapeake Power's chapter submitting comes following a monetary mess on the firm that included no budgets, a large wine assortment an [...]
Democrats on the debate don’t appear to care about your 401(ok)
Democratic presidential candidates don't appear significantly involved about People' retirement financial savings accounts, CNBC's Jim Cramer menti [...]
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