Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer.Starboard’s stake is…

China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists.However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts.Industrial output grew by 5.6% year-on-year, compared to the 6% increase…

Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai, which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. The initial public offering (IPO) will make it the country’s first car maker…

Introduction U.S. Bancorp (NYSE:USB) is a large regional bank that has not been immune to the industry struggles related to higher interest rates and the retention of deposits. Twice, I have examined the bank’s series A preferred shares (NYSE:USB.PR.A) as a good source of income, with the most recent update…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, with the Apple supplier predicting significant performance increases for devices from wireless headphones to smartwatches.The new material provides…

Hear former defense secretary under Clinton react to Trump’s comments about Zelensky Former President Donald Trump commented on Ukrainian President Volodymyr Zelensky and the war in Ukraine while speaking at an event hosted by Turning Point Action in Michigan. William Cohen, Cohen Group CEO and former Secretary of Defense under President…

Imperial Oil Limited (NYSE:) has announced strong financial results for the fourth quarter, with a net income of $1.365 billion and cash from operating activities totaling $1.799 billion. The company experienced record production from its Kearl asset, reaching an average of 308,000 barrels per day, and saw significant achievements in…

Investing.com — U.S. crude stockpiles fell much more than expected last week, the API reported Tuesday, just as markets brace for the U.S. response to a deadly drone on its forces earlier this week.     , the U.S. benchmark, traded at $77.78 a barrel following the report after settling up…

Investing.com– Most Asian currencies rose slightly on Tuesday, recovering marginally after growing expectations of higher-for-longer U.S. interest rates pushed up the dollar and weighed heavily on regional markets. Regional currencies saw some relief as the U.S. dollar steadied after racing to near three-month highs this week. The dollar was buoyed…

By Tim Kelly and Chris Gallagher TOKYO (Reuters) – Hiromichi Akiba is stocking his Tokyo supermarket with more chicken because customers who used to buy beef are switching to cheaper meat as rising prices put a squeeze on their spending, his business and Japan’s economy. Japan unexpectedly fell into recession…