Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year.
March 25, 2025Business, Fuel
Elliott Files Lawsuit Against Phillips 66; Board Fight Looms
Business, Fuel
Phillips 66 Board Battle Heats Up as Elliott Nominates Seven
Elliott Investment Management is heading toward a proxy battle with Phillips 66 after failing to reach an agreement with the energy group’s leadership on a path to improving performance.
March 4, 2025Business, Fuel
BP Weighs $10 Billion Sale of Castrol Lubricants Unit
A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.
February 18, 2025Business, Logistics
New Arcapita Venture to Invest $2 Billion in US Warehouses
A new joint venture between alternative investment firm Arcapita Group Holdings and Arden Group plans to acquire $2 billion worth of industrial property assets in the U.S. as capital pours into niche real estate sectors amid the global pandemic.
November 1, 2021Business, Technology, Logistics
$2 Billion Invested in Trucking Tech Firms So Far in 2019
Trucking technology firms are raking in cash as investors look to get in on a hot industry and capitalize on a U.S. economy that remains strong.
May 21, 2019Business
Cargo Chief Raises $10 Million in Investor Funding
Third-party logistics company Cargo Chief said it raised an additional $10 million from investors to fuel growth, product development and expansion into additional markets.
September 15, 2015