News Information and Media Site: Reuters Global Investor: Sachem Head owns US Foods stake, plans to push for changes

Visit Reuters.com for the latest news

Sachem Head owns US Foods stake, plans to push for changes

Investment firm Sachem Head Capital Management LP said on Thursday that it owns a stake in US Foods Holding Corp and plans to push for changes at the food service company.

U.S. banks expected to report mixed Q3 results, iffy loan outlook

The largest U.S. lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that had doubled their earnings earlier this year taper off and business starts to return to normal.

SoftBank-backed Banco Inter hires banks for U.S. listing, shares rise

Brazilian digital bank Banco Inter has hired banks to manage a listing in the United States, itsaid in a securities filing, sending its shares higheron Thursday.

Bank of America raises U.S. minimum hourly wage to $21

Bank of America Corp said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025.

Starboard's Smith unveils Colfax stake, talks Huntsman, Elanco

Activist investment firm Starboard Value on Wednesday said it owns a stake in Colfax Corp and said the industrial equipment maker is undervalued.

Starboard's Smith says firm has position in Colfax

Activist investment firm Starboard Value has taken a new position in Colfax Corp and its founder, Jeffrey Smith, called the company undervalued.

Fund giant Fidelity putting 'money to work' in China after rout

Fund giant Fidelity is putting money back into Chinese stocks and thinks the recent "indiscriminate" selling caused by the debt crisis at property giant Evergrande is presenting opportunities in the country's beaten up bond markets.

Stablecoins to face same safeguards as traditional payments

Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector.

Proxy firm Glass Lewis backs NextGen's slate in proxy contest

Glass Lewis & Co recommended that NextGen Healthcare Inc shareholders elect management's slate of directors, becoming the second prominent proxy advisory firm to support the board and management over the company's founder, Sheldon Razin.

Bitcoin soars to $50,000 again on institutional demand

Bitcoin, the world's largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000 mark for the first time in four weeks and adding to gains this month on mounting institutional interest.