Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.

Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...

Phillips 66 (NYSE:PSX) +5.4% in Tuesday's trading after Elliott Investment Management confirmed a more than $2.5B stake in the oil refiner, and will seek to streamline the company, most notably with ...

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

It’s unclear how Elliott Management, run by billionaire Paul Singer, will proceed but it’s thought that the investor could push out Walmsley or call for the separation of the two businesses to ...

Alluvial Capital Management, an investment advisory firm, released its fourth-quarter 2024 investor letter. The fund had a quiet fourth quarter rising 0.7% bringing the yearly returns to 16.4% ...

Greenlight Capital, an investment management firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. In 2024, the Greenlight Capital funds returned 7.2% ...

Jan 21 (Reuters) - U.S. President Donald Trump on Tuesday said former President Joe Biden left him a "nice" letter inside the Resolute Desk at the White House, continuing an inauguration day ...

Alexis Mac Allister and Elliott replaced the midfield duo. Elliott’s creativity was immediately on show. The midfielder created a chance for Bradley, an awkward one admittedly, who shot over ...

Upslope Capital Management, an investment management firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. Q4 was the most challenging quarter for ...

Biden wrote Trump a letter but did not disclose what his message said. As President Joe Biden prepared to pass the baton to President-elect Donald Trump, he followed the tradition of leaving his ...