Phillips 66 rises as activist investor Elliott Management, which has built a $2.5B-plus stake in the refiner, discloses it will seek seats on the company's board.

The hydrogen-truck maker, which briefly sported a market value comparable to Ford, said it enters chapter 11 with about $47 million in cash. Canadian Tire has struck a deal worth $898.8 million to ...

Glencore Reviewing London Listing; Plans $2.2 Billion in Shareholder Returns Commodities giant Glencore said it is reviewing its London listing as it reported a fall in 2024 earnings, but will return ...

Investing.com -- Elliott Investment Management, controlled by billionaire Paul Singer, is seeking board positions at Phillips 66 (NYSE: PSX ), an oil refining company. The move is part of Elliott's ...

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66 as it pushes the company to sell or ...

With a more-than-$2.5 billion stake in Phillips 66, Elliott has pushed for a streamlining of the oil refiner and seeks more ...

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

This move confirms the end of a corrective phase and the start of a new Elliott Wave sequence. The price now faces critical resistance between $0.45-$0.50, marked by the 0.5 Fibonacci extension ...

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...

Wall Street's main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors ...

Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.