Barington pushes Mattel to fix or sell off American Girl, Fisher-Price

Barington pushes Mattel to fix or sell off American Girl, Fisher-Price

The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing … Read more

Tesla to settle lawsuit over mishandling hazardous waste in California

Tesla to settle lawsuit over mishandling hazardous waste in California

Tesla CEO Elon Musk Omar Marques | Getty Images Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste materials at facilities throughout the state of California for years. The fee is negligible for Tesla, which reported net income of $7.93 billion during the fourth-quarter of 2023. Tesla … Read more

Meta is paying first-ever dividend, authorizes $50 billion buyback

Meta is paying first-ever dividend, authorizes  billion buyback

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta announced on Thursday that it will pay a quarterly dividend for the first time, and said it authorized an expanded $50 billion share buyback … Read more

Activist Elliott builds roughly 13% stake in Etsy, secures board seat

Activist Elliott builds roughly 13% stake in Etsy, secures board seat

Etsy Sellers Market in Times Square celebrating Etsy’s celebration going IPO at Nasdaq on April 16, 2015 in New York City. Paul Zimmerman |  Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company’s board. The activist investor … Read more

Okta to lay off 7% of staff, about 400 employees

Okta to lay off 7% of staff, about 400 employees

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company’s headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing. CEO Todd McKinnon said in his message that the “reality is that costs are still too … Read more

Merck (MRK) Q4 earnings report 2023

Merck (MRK) Q4 earnings report 2023

The logo for Merck & Co. is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021.  Andrew Kelly | Reuters Merck on Thursday reported fourth-quarter revenue and adjusted earnings that topped estimates as it saw strong demand for its blockbuster cancer drug Keytruda … Read more

Biden administration may expand student loan forgiveness plan

Biden administration may expand student loan forgiveness plan

U.S. President Joe Biden speaks to United Auto Workers members at the UAW’s Community Action Program legislative conference in Washington, D.C., on Jan. 24, 2024. Leah Millis | Reuters The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down … Read more

Officials leave rates unchanged, as expected

Officials leave rates unchanged, as expected

WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. In a substantially changed statement that concluded the central bank’s two-day meeting this week, the Federal Open Market Committee removed language that had indicated a … Read more

Starboard urges GoDaddy to set ‘prudent’ guidance

Starboard urges GoDaddy to set ‘prudent’ guidance

The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving “in the … Read more

ADP jobs report January 2024:

ADP jobs report January 2024:

A 7-Eleven convenience store has a sign in the window reading “Now Hiring” in Cambridge, Massachusetts, U.S., July 8, 2022.  Brian Snyder | Reuters Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year, ADP reported Wednesday. Companies added 107,000 workers in the … Read more