Latest News for: Shell companies

Edit

Hedge fund Third Point buys stake in Shell, urges breakup

Reuters 28 Oct 2021
Oct 27 (Reuters) - Hedge fund Third Point has built a large stake in Royal Dutch Shell (RDSa.L) and called on the oil major to split into multiple companies to increase its performance and market value ... Shell, like other big oil companies, faces mounting pressure from investors and governments to de-carbonize its operations.
Edit

Dan Loeb is oversimplifying Shell's long game

Reuters 28 Oct 2021
NEW YORK, Oct 27 (Reuters Breakingviews) - Dan Loeb is gunning for Royal Dutch Shell (RDSa.L) ... That’s roughly Shell’s enterprise value now ... - Activist investor Dan Loeb’s Third Point has built a stake in Royal Dutch Shell and is urging the company to break up, according to a Third Point letter to investors dated Oct.
Edit

Shell should be broken up, says US investor Daniel Loeb

The Times/The Sunday Times 28 Oct 2021
Shell should be split into at least two businesses, Third Point argued on the eve of the company’s latest results, to draw a line under a ...
Edit

Correction to May 2021 story titled ‘Equity skimming: Tale of a local home sale and ...

Belleview Reporter 28 Oct 2021
The article described several companies sued by the seller Larson as “shell companies” of Heaton-Dainard. Larson called the companies “shell companies” in his lawsuit complaint but did not say of which company ... companies are not owned by Heaton or Dainard.
Edit

Dozens of fossil fuel sites in pipeline

The Times/The Sunday Times 28 Oct 2021
Fossil fuel companies are ... It added that developments by BP, Shell, Equinor, TotalEnergies and other companies would be at odds with the government’s claim to.
Edit

Music streamer Akazoo agrees to $38.8-million settlement over SEC fraud charges

Metro USA 28 Oct 2021
Akazoo went public via a special purpose acquisition company (SPAC) in 2019 ... Since late 2020, the SEC has been ratcheting up scrutiny of SPACs, listed shell companies used to take private companies public in a process that a more traditional and lengthy initial public offering.
Edit

Music streamer Akazoo agrees to $38.8-mln settlement over SEC fraud charges

Reuters 28 Oct 2021
Akazoo went public via a special purpose acquisition company (SPAC) in 2019 ... Since late 2020, the SEC has been ratcheting up scrutiny of SPACs, listed shell companies used to take private companies public in a process that a more traditional and lengthy initial public offering.
Edit

Rep. Marjorie Taylor Greene bets big on Trump’s nascent social media empire

Finger Lakes Times 28 Oct 2021
The fire-breathing Republican lawmaker from Georgia bought up to $50,000 worth of stock in the shell company that is facilitating the Trump Media & Technology Group’s plans to raise money from investors ... Taylor Greene bought the stock on Friday, the day the company called Digital World Acquisition Corp.
Edit

South Korea’s SK Innovation to invest $30 million in Solid Power

Metro USA 28 Oct 2021
The South Korean battery maker, which supplies electric car batteries to carmakers including Ford Motor Co and Hyundai Motor Co, will buy shares in Decarbonization Plus Acquisition Corporation III, a shell company through which Solid Power plans to go public through a merger that will value the combined firm at about $1.2 billion.
Edit

US cigarette sales increased for first time in 20 years

New York Post 28 Oct 2021
More On. cigarettes. Bureaucrats, Democrats are needlessly killing a powerful anti-smoking tool ... A kick in the ash ... Holy smokes! ... Tobacco companies in 2020 also boosted their spending on cigarette advertising, shelling out $7.84 billion — up from $7.62 billion in 2019 ... ....
Edit

Good Afternoon, News: Portland School Board Outwits Anti-Vaxxers, Zenith Fights City Permit Denial, and Manchin ...

Portland Mercury 28 Oct 2021
Zenith Energy challenged Oregon DEQ's denial of the company's air permit Wednesday ... Pharmaceutical company Merck ... Marjorie Taylor Greene will potentially lose a shit-ton of money after investing as much as $50,000 in a Donald Trump shell company whose stocks are currently tanking.
Edit

MARKET REPORT: US hedge fund calls for break-up of Shell

This is Money 27 Oct 2021
It urged Shell to split itself into 'multiple standalone companies' including an arm focused on oil and gas and another that houses renewables.� ... 'Shell regularly reviews and evaluates the company's strategy with a focus on generating shareholder value.
Edit

Activist fund says Royal Dutch Shell should break itself up

Yahoo Daily News 27 Oct 2021
Loeb, who rose to prominence following activist battles at Yahoo, Sotheby's and other companies, suggested that Shell establish a standalone "legacy" business connected to petroleum that "could slow capex beyond what it has already promised, sell assets and prioritize return of cash to shareholders.".
×