The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Jonathan Bush, founder and former CEO of Athenahealth, defended himself in an interview with CNBC on Wednesday and blasted Elliott Management, the activist investment firm that took a stake in his health information technology company and eventually bought it after Bush resigned.
"My experience is running a company with a gun to your head is no way to run a company. Better to just say, 'Pull the trigger,'" Bush said Wednesday on CNBC's "Squawk on the Street, " describing what it was like to have an activist investor take a stake in his company.
Without explicitly saying Elliott was responsible, he raised suspicions about a reporter finding one accusation in thousands of pages of divorce court filings. The allegation was that Bush had attacked his then-wife 13 years ago.The accusation, which he said is "not an answerable accusation," arose this year and led to Bush's departure in June.
Paul Singer's Elliott took a stake in Athenahealth in May 2017, saying the company's stock was "significantly undervalued" and there were "numerous operational and strategic opportunities to maximize shareholder value."
Elliott and private equity firm Veritas Capital bought Athenahealth in November 2018 for about $5.7 billion. The companies then merged Athenahealth with a unit Veritas Capital acquired from GE Healthcare in April.
Elliott wasn't immediately available to comment. However, the firm has denied it was responsible for the accusations against Bush emerging this past summer.
In his appearance, he remained skeptical. "Thanks for watching, fellas," said Bush, a nephew of the late former President George H.W. Bush.