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  • Dec 08, 2024

Dow Partners With Macquarie In Gulf Coast Infrastructure Play, Retains Strategic Control

Dow Inc. (NYSE:DOW) shares are trading higher on Monday. The company entered into a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management. Dow anticipates initial cash proceeds of approximately $2.4 billion from the sale of its 40% equity stake, with potential proceeds reaching up to $3.0 billion if Macquarie Asset Management exercises its option to increase its stake to 49% within six months of closing. Th

  • Dec 08, 2024

Ether, BNB, Tron, Uniswap, and more: Cryptocurrencies to watch this week

Bitcoin has crossed the historic $100,000 mark and is now hovering near $99,000. This surge in the leading cryptocurrency has injected renewed optimism across the crypto market, signaling broader acceptance and growth in the sector. Let’s dive into other cryptocurrencies worth watching this week.

  • Dec 08, 2024

Activist investors urge Macy's to create a real estate unit among other changes to boost stock

Activist investor Barington Capital Group is calling on department store retailer Macy's to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale's and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday. The presentation to Macy's shareholders comes after Barington Capital, which has stakes in such brands as Victoria's Secret, Hanes and Dillard's, has built an undisclosed stake in Macy's. Barington said it has partnered with property owner Thor Equities.

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