Elliott

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations …

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Activist Elliott snaps up an interest in PayPal. This is what could be next for the payments giant

Activist Elliott snaps up an interest in PayPal. This is what could be next for the payments giant

The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Company: PayPal Holdings (PYPL) Business: PayPal is a leading technology platform that enables digital payments and simplifies commerce experiences on behalf of merchants and consumers worldwide. The company operates …

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LME hit by $450mn lawsuit from Elliott Management over nickel market chaos

LME hit by $450mn lawsuit from Elliott Management over nickel market chaos

US hedge fund Elliott Management is suing the London Metal Exchange for more than $456mn over its decision to cancel nickel trades in March after an unprecedented surge in the price of the metal. The judicial review claim was filed against the LME and its clearing house last week, according to a statement issued on …

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