Offstream
news

Sam Altman steps down as CEO of American artificial intelligence developer OpenAI following a vote from the company's board of directors demanding his resignation. In response, fellow co-founder Greg Brockman quits his role as president of OpenAI. Mira Murati takes over as interim CEO.
2023-11-17

Elliott Management, a prominent hedge fund, has sold all its shares in the Hyundai Motor Group of South Korea. It had long quarreled with Hyundai's management, demanding more generous dividend pay-outs. Their departure from the shareholder ranks is likely welcomed by Hyundai executives.
2020-01-22

Hedge fund impresario Bill Ackman faces skeptical questioning from investors after his Pershing Square fund loses big on both Herbalife and Valeant Pharmaceuticals.
2016-04-6

Reuters reports, based on an unnamed "person familiar with the situation," that Microsoft executives are lining up financing for a possible acquisition of troubled dotcom pioneer Yahoo.
2016-03-26

A United States district court judge orders documents turned over to hedge fund NML Capital with regard to the flow of funds in a February 9 issuance of Argentina dollar denominated sovereign bonds.
2015-02-25

Following a court order that payments to most bondholders be stopped until holdouts were paid, Argentina has defaulted on some of its bonds after negotiations fell short of reaching a deal with hedge fund investors demanding a full payout of US$1.3 billion on bonds.
2014-07-31

A prominent currency trading platform launched by and for banks, ParFX, opens its doors to hedge fund participation.
2014-01-23

The Guardian obtains a copy of a document from April that reveals that the NSA is mining data using PRISM, spying on the e-mails and web activities of American citizens through direct access to Google, Apple, Microsoft, Facebook, YouTube, Skype, Yahoo, Paltalk and AOL. The Guardian's report does not state from whom they obtained the document.
2013-06-6

The board of directors of NYSE Euronext meets to discuss a proposed merger with Deutsche Börse, while New York's U.S. Senator, Chuck Schumer tells reporters that he is confident the NYSE would run the merged entity.
2011-02-13

Foreign journalists based in China and Taiwan say their Yahoo email accounts have been hacked.
2010-03-31