Pitney Bowes Inc. ( PBI ) shares are trading higher after the company provided an update on the first phase of its cost rationalization initiative, initially announced in late May 2024. The company has identified and implemented around $70 million in cost savings, with most of these savings realized in the second quarter. Pitney Bowes ( PBI ) expects non-recurring charges...

NEW YORK (Reuters) -BlackRock won a fight with hedge fund manager Boaz Weinstein last week when shareholders voted at four of its closed-end funds, data showed, keeping the asset manager's directors in place and retaining it as the manager. Weinstein's Saba Capital Management, a large owner in BlackRock's closed-end funds, and BlackRock have been locked in battle for months over...

NEW YORK (Reuters) - Hedge fund Schonfeld Strategic Advisors' flagship fund Strategic Partners ended the first half of the year up 10.3%, driven by positive performance across different strategies and after posting a gain of 1.9% last month, a source familiar with the matter said. Quantitative equities, tactical trading, global macro, relative value and credit were among the most important...

By Granth Vanaik and Siddharth Cavale (Reuters) - Keith Gill, the meme stock trader Roaring Kitty, thrust Chewy Inc ( CHWY ) into the spotlight when he made a $245 million bet on the online pet products retailer on Monday. What is Chewy and why has it attracted Gill's interest? WHAT'S THE BUSINESS? Chewy is an $11 billion e-commerce retailer...