Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and ...
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Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business
Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.
Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye
Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...
GlobalFoundries price target lowered to $45 from $48 at BofA
BofA analyst Vivek Arya lowered the firm’s price target on GlobalFoundries (GFS) to $45 from $48 and keeps a Neutral rating on the shares after ...
Stock market today: Dow, S&P 500, Nasdaq tread water as investors digest Powell testimony, Trump's tariffs
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
WK Kellogg Q4: EPS Beat, Sales Miss Amid Challenging Market Conditions
WK Kellogg Co (NYSE:KLG) shares are trading lower on Tuesday. WK Kellogg reported fourth-quarter adjusted earnings per share of 42 cents, beating the street view of 26 cents. Quarterly sales of $640 ...