Wall Street Journal, December 18,
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Elliott Investment Management, an activist investor group, has built up a stake in Lululemon Athletica of more than $1 billion. It is now bringing a possible CEO candidate to the struggling athletic apparel retailer that it hopes to turn around.
BP announced that Chief Executive Murray Auchincloss resigned after less than 2 years as the helm of the oil giant and appointed a outsider Meg O'Neill who is resigning her position leading Woodside Energy to be his successor.
DoorDash has partnered with OpenAI to provide a grocery shopping app on the ChatGPT platform. Coinbase Global has partnered with prediction markets specialist Kalshi in order to expand beyond cryptocurrency trading. Irenic Capital Management, an activist?investor, has a stake in Integer Holdings of over 3% and is encouraging the company to consider selling. YouTube, owned Alphabet by Google, has secured a multi-year deal with Disney to broadcast the Oscars between 2029 and 2033. (Compiled by Bengaluru Newsroom)
(source: Reuters)
