Yale's Robert Shiller and Bank of America Merrill Lynch both survey investors about how they feel about valuation levels.Read More »
Glenview Capital Management LLC on Friday, Aug. 18 took a step that could lead to an activist campaign at Tenet Healthcare Corp. (THC) —the resignation of the hedge fund's two designated appointees from the hospital operator's board. Tenet announced in a Securities and Exchange Commission filing that Randy Simpson and Matt Ripperger would step down from Tenet's board. In a letter disclosed with the filing, the pair said they were leaving "due to irreconcilable differences regarding significant matters impacting Tenet and its stakeholders." The filing contained a letter from Simpson and Ripperger. The two said their resignation signals that efforts to find a mutually agreeable path to improving
General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Maven is still working with apartment dwellers, but it is also offering hourly and daily rental cars in 17 North American cities. It also offers Maven Gig, a service that lets people rent cars to do odd jobs, like ride-hailing for Lyft or delivering food for GrubHub.
In the two months since Amazon.com Inc. (AMZN) announced its jaw-dropping $13.7 billion deal to buy Whole Foods Market Inc. (WFM) , there's been plenty of speculation about what types of physical retailers besides grocery stores Amazon will target via bricks-and-mortar initiatives. Between what was announced today and last December's unveiling of the Amazon Go store concept, it's safe to say that convenience stores are high on Amazon's hit list. As with grocery stores, Amazon is taking aim at an industry that to a large degree has been immune to e-commerce's multi-decade onslaught. Amazon just unveiled Instant Pickup, a service that it promises will let Prime members pick up "hundreds of need-it-now items like food, cold drinks, personal care items, technology essentials and Amazon devices" within two minutes of ordering them via the Amazon app.