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Inside Hyundai heir Chung Eui-sun’s plan to fend off Elliott attack

Bloomberg With one of the most tenacious activist investors breathing down his neck, Hyundai Motor Group’s crown prince is preparing to defend his family’s dominance of the world’s fifth-largest automotive empire by seeking to win over shareholders ahead of a looming showdown. After announcing about $1.5 billion in buybacks and stock cancellations in the past month, shareholder returns are “just ...

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Cohen glitch humbles AT&T’s vaunted US lobbying team

Bloomberg AT&T Inc. has few peers when it comes to corporate influence in Washington. But like the rest of the nation’s capital, it was caught on the outside looking in by Donald Trump’s election triumph. The Dallas-based telecom giant spent more than $350 million on advocacy in the past 20 years — including nearly $17 million last year alone. That ...

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Britain’s construction output plunges as snow stalls projects

Bloomberg UK construction output plunged in March after heavy snow brought swathes of the country to a standstill. Work volumes in the building industry declined 2.3 percent from February, rounding off the weakest quarter in almost six years, the Office for National Statistics said. Separate figures showed manufacturing output declined 0.1 percent in March, a second month of contraction, though ...

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