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Kohl's Faces Activist Group Seeking Control of Board


Kohl’s Faces Activist Group Seeking Control of Board
Bloomberg
2/22/2021
Scott Deveau
© Bloomberg
Shoppers wearing protective masks walk outside a Kohl s Corp. department store in Jersey City, New Jersey, U.S., on Friday, Aug. 14, 2020. Kohl s is scheduled to release earnings figures on August 18.
(Bloomberg) Kohl’s Corp. said it rejects attempts by a group of activists “to seize control of our board and disrupt our momentum,” pushing back against a group that seeks to name nine directors and overhaul the retailers’ inventory. The shares pared some of their earlier gains.
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“We are well underway in implementing a strong growth strategy and accelerating our performance,” the company said in a statement on its website, adding that its plans already include several of the initiatives the activist investors are proposing. Other plans, it said, “would not be accretive to shareholder value.” The c ....

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Top Democrats Seek to Narrow Check Eligibility: Stimulus Update


Top Democrats Seek to Narrow Check Eligibility: Stimulus Update
Bloomberg
2/4/2021
© Photographer: Cheney Orr/Bloomberg
Shoppers walk through a mall an Tucson, Arizona.
(Bloomberg) Top Democrats are considering ways to reduce the number of households that qualify for $1,400 stimulus checks. The House passed a budget Wednesday evening that smooths the path for fast-track passage of President Joe Biden’s $1.9 trillion Covid-19 relief plan.
The House vote followed action by the Senate on Tuesday to consider a similar budget resolution beginning a process that would let Democrats proceed with the Biden stimulus without Republican votes. Still, the president told reporters before an Oval Office meeting with Democratic senators that he thought some Republicans would support his package. ....

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