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ReutersHow a rattled South Africa became Anglo's best defence against BHP bid
Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo's local platinum and iron ore assets was causing a political storm. More than 20% of Anglo shares are held by South African investors, and the London-listed group's presence is deemed of national value in the country, where it was founded in 1917 and employs more than 40,000 people. While Anglo CEO Duncan Wanblad appears to have so far succeeded in enlisting support for his new turnaround strategy, the trip did not work out as well for BHP, which had been caught on the back foot by details of the offer being leaked.
Business InsiderGoldman's Beth Hammack has a new job: Cleveland Fed president
Cleveland's Federal Reserve Bank appointed Beth Hammack, a Goldman Sachs veteran, as its next president.
HuffPostFox News Host Shannon Bream Fact-Checks Alina Habba In A Courthouse Clash
The Fox News anchor's correction of the Trump lawyer even generated a rebuke from the GOP presidential candidate.
