Page 42 - Jay Rasulo News Today

Walt Disney, opens new tab said on Tuesday (Jan 16) it "does not endorse" the candidates nominated by activist shareholders in a preliminary proxy filed with the Securities and Exchange Commission. Disney Chief Executive Bob Iger, in a letter to investors, said the company has embarked on an "unprecedented transformation," making management changes and streamlining operations to become more cost-efficient....

Disney is on track to achieve approximately $7.5 billion in cost reductions, a figure $2 billion higher than its initial target.

Stock futures were lower Wednesday, as 10-year Treasury yield rose back above 4%.

Disney’s proxy battle reveals how activism is changing.

The brewing proxy battle at Disney has moved deep into allegory territory. As a reminder, late last year, activist investor Nelson Peltz of Trian Partners…

Disney gathers allies in boardroom fight with Trian’s Peltz, Microsoft unveils AI button for keyboards, and other news to start your day.

By Dean Seal Walt Disney has signed a confidentiality agreement allowing it to share company information with shareholder ValueAct Capital Management and consult with the firm on strategic...

(Bloomberg) -- Walt Disney Co. Chief Executive Officer Bob Iger is lining up allies as he seeks to stave off pressure from billionaire activist Nelson Peltz.Most Read from BloombergHarvard’s President Quits After Plagiarism, Antisemitism FurorIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleSoftBank Veteran Is a Billionaire After Another Huge ...

Disney has reached an agreement with an activist investor as it seeks to stave off another one.

By Dean Seal Walt Disney has confirmed that Blackwells Capital plans to nominate three directors at Disneys next shareholder meeting, adding a new twist to the battle over the entertainment...