Page 67 - Daniel Loeb News Today

Intel soars 8% after activist hedge fund Third Point urges chipmaker to explore strategic alternatives Matthew FoxDec 30, 2020, 01:52 IST FILE PHOTO: Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives Conference in Las VegasReuters Intel soared 8% on Tuesday after activist hedge fund Third Point sent a letter to the chipmaker urging it to explore strategic alternatives, according to Reuters. Third Point, run by Daniel Loeb, has amassed a near...

Intel (INTC) Shares Soar as the Activist Hedge Fund Third Point Urges the Semiconductor Behemoth To Reverse Its Brain Drain and Implement an Operational Shakeup Dec 29, 2020 14:19 EST Intel (NASDAQ:INTC), the semiconductor giant that is ceding its market share to increasingly virulent rivals, just received an urgent wakeup call from the activist hedge fund, Third Point. As per the exclusive reporting by Reuters, Third Point’s CEO, Daniel Loeb, has penned a letter to the chairman of Intel...

  Hedge fund Third Point is urging Intel to make some big business changes in the face of losing chip supremacy to efforts by Apple, Amazon, Microsoft, and TSMC. Third Point CEO and founder Daniel Loeb wrote a letter to Intel chairman Omar Ishrak on Tuesday calling for the company to boost its position as a provider of chips for computers and data centers, Reutersreported. Third Point has a nearly $1 billion stake in the chipmaker. In his letter, Loeb called Intels most pressing task its "hum...

Share: Intel Corporation (NASDAQ: INTC) is being pushed by activist hedge fund Third Point LLC to explore "strategic alternatives," according to a Reuters report, citing a letter Third Point sent to the tech company’s chairman. What Happened: Third Point CEO Daniel Loeb wrote to Intel’s chairman Omar Ishrak requesting "immediate action" to boost the company’s position as a provider of processor chips for PCs and data centers. The changes could lead to a major shakeup at Intel. “Intel ...

Exclusive: Hedge fund Third Point urges Intel to explore deal options Toggle share menu Advertisement Exclusive: Hedge fund Third Point urges Intel to explore deal options Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmakers chairman on Tuesday that was reviewed by Reuters. FILE PHOTO: The In...

center stage with its policy decision due out today as investors and traders worry if the fed is ready to exit left with its bond-buying program. yesterdays stock market action appears to show the fed will continue to stimulate the economy. the dow soared 138 points, the nasdaq up 30 and the s&p by 13. gold sold off as oil gained. in the after-hours session, shares of lay-z-boy and adobe both initially rallied on earnings news. adobe beat estimates, but the future is in question. faceb...

jeopardize the deal? plus, hedge fund manager dan loeb presses his case for sony, arguing for a partial breakup of the entertainment businesses. he discloses hes raised his stake to up over 7%. >> all right, its tuesday. were into "worldwide exchange." plenty to look at today. just keep your eyes on comments from mr. draghi, the ecb looking at deposit rates with an open mind. meantime, syrias topping the agenda at the g-8 meeting in northern ireland, but how does their nearest neig...

sooner rather than later. gold and oil also staged dramatic sell-offs. pepsi is going for a sales pop by changing its pricing stratgey. the soda-maker wants to break consumers habit of only buying soft drinks when on sale. the sec is charging south miami with misleading investors on the status of its municipal bonds. the city will settle the charges. triple predicts a memorial day travel dip. the number of motorists will drop by nearly 1%, while air travel declines 8% as fliers are bec...

capital and carl icahn, trading at herbalife was briefly halted this afternoon pending news that herbalife has announced the hiring of new auditor pricewaterhousecoopers. their previous auditor, kpmg, they were out one. they had to jettison kpmg. right now the stock is getting the nod. look at herbalife jumping about four and two-thirds percent. were going to have more on this story in just a moment. in the meantime, got to get to microsoft. you just heard dennis kneales report, talkin...

about taxes. and investors cheer ciscos earnings. a sharp contrast to the negative comments from its bellwether rival. >> announcer: youre watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to this thursday edition of "worldwide exchange." im ross westgate. plenty to get through today. well kick in on japan. have you got any sorts of comments, e-mail us, worldwide@cnbc.com. japan surprised the market today with a better than expecte...