Swiss National Bank Has $1071000 Position in Hibbett Sports, Inc. (NASDAQ:HIBB)
GM 2Q net earnings fall on loss from sale of European unit
Trian Fund Management seeks to seat Nelson Peltz on P&G board
17 July 2017, 09:40 | Jan Cross
Trian Fund Management LP doesn't wage proxy fights often, but when it does, it goes big. Trian said it was disappointed by the rejection and advised those in attendance it would push ahead with a proxy fight.
"Trian believes that Mr. Peltz's significant expertise and long track record of working successfully with management teams and boards to turn around consumer companies and drive sustainable long-term shareholder value will be invaluable to P&G as it works to overcome its challenges", Trian added. Worth $222 billion, P&G is the largest company to ever face such a campaign. However, Trian did not call for a breakup of the company.
Elor Azaria Likely to Be Temporarily Released to House Arrest
Nadav Weissman engaged in a heated courtroom battle in the last appeal hearing over the manslaughter verdict against Azaria. The divisive case has revealed deep rifts in Israeli society, with some seeing Azaria as a hero and others as a criminal.
Trian Fund Management, which owns roughly $3.3bn shares in the $225bn behemoth maker of Crest toothpaste and Gillette razors, has put Nelson Peltz up for election as a director at the upcoming annual shareholder meeting.
"While P&G leadership says they are addressing the underperformance issue, shareholders have heard similar promises in the past and results have not improved", Trian said in the filing. Trian also claimed the company's market share had deteriorated as organic sales growth had decelerated and that it needed to take further action beyond selling off unprofitable brands. For the last two years, executives urged investors to be patient. The Trian Group believes that disruptive and existential threats are impacting the entire consumer packaged goods industry, including changes in technology and consumer behavior, and the Company must act with the greatest possible urgency to address the market share it is losing to both its peers and smaller local competitors, who are adapting to industry changes more effectively than P&G. Last week, P&G officially declined to give Peltz a seat on the board.
Driver Charged In Deadly Grand Central Parkway Crash
Another passenger, 33-year-old Layon Campbell, also from Brooklyn, would later die at a hospital, police said. The crash happened at about 6:30 on the eastbound Grand Central Parkway near 188th Street in Jamaica Estates.
Amber Alert Issued for 1-Year-Old Boy Abducted in Soledad
The suspect vehicle , which is still missing, is described as a white 1992 Honda Accord with California license plate #6RGB061. About 9 a.m., the Soledad Police Department announced that the boy had been found, and the Amber Alert was canceled.
Arika shows their new fighting game at Evo 2017
Everything known about "EX" so far includes it being playable on PS4 and it possibly being released on April Fool's Day 2018. Skullomania isn't the only Street Fighter EX character to star in this new game.
Number of overseas landlords in United Kingdom falling
Last April, investors were slapped with a 3 percent stamp duty (tax levy) surcharge on the purchase of second properties. One in 20, or 5%, of homes let in Britain is owned by overseas landlords, according to data from the letting agent.