Investment

Starboard Value sees big return in this infrastructure play even after activist campaign hits a snag

Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM […]

Finance

Personal Finance Daily: 12 million Americans to lose unemployment benefits day after Christmas and the U.S. pays the most for prescription drugs

Hi, MarketWatchers. Don’t miss these top stories: Personal Finance 12 million Americans will lose their unemployment benefits the day after Christmas These Americans are in ‘grave danger’ if lawmakers leave them behind, wrote the authors of a new report. 6 tax moves to consider before the end of the year to lower your 2020 tax […]

Global Economy

FAA clears Boeing 737 Max to fly again after 20-month grounding spurred by deadly crashes

The Federal Aviation Administration on Wednesday cleared the Boeing‘s 737 Max to fly again after a nearly two-year ban, a turning point in a protracted crisis for the aircraft giant stemming from two crashes of its top-selling plane that killed 346 people. “The design and certification of this aircraft included an unprecedented level of collaborative […]

Investment

Walgreens drops 8% to lead drug store stocks lower after Amazon launches pharmacy business

Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial Average member Walgreens Boots Alliance dropped 8% in early trading. CVS Health shares lost over 6%. Shares of Rite Aid fell 11.9%, while GoodRx stock also declined. Amazon Pharmacy is […]