Hedge Fund Seeks Spinoff of BHP Billiton’s U.S. Oil Business

The Trump administration plans to unveil as soon as May the $1 trillion infrastructure plan over 10 years. Other chief executives taking part Tuesday include consultant EY, Boston Consulting Group, the Cleveland Clinic and Global Infrastructure Partners, an infrastructure investment fund. U.S. President Donald Trump will meet with about 20 chief executives on Tuesday as he works to gain support for a $1 trillion infrastructure program, tax reform and other administration priorities, said White House spokesman Sean Spicer. The chief executives are part of Trump's "Strategy and Policy Forum" that was created in December and last met with the president on Feb. 3. Last week, Trump pitched infrastructure projects to about 50 New York area CEOs.


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Hedge Fund Seeks Spinoff of BHP Billiton's U.S. Oil Business

Advertisement Continue reading the main storyLast year, the hedge fund urged Samsung to split its electronics business in two, taking on the crown jewel of South Korea's business empire. Advertisement Continue reading the main storyAmong its recommendations is that BHP should spin off its American oil business to focus on its core mining assets. Advertisement Continue reading the main storyAnd BHP criticized the stock buyback proposal as "a formulaic approach" that ignored the fundamentals of the mining business. The hedge fund urged BHP to pursue more stock buybacks rather than what it called "value destructive" acquisitions. Advertisement Continue reading the main storyBHP quickly pushed back.




"We've trusted a lot of our health care to for-profit businesses and it's their job, frankly, to make profit," Rosenthal says. Dr. Elisabeth Rosenthal, a medical journalist who formerly worked as a medical doctor, warns that the existing system too often focuses on financial incentives over health or science. Elizabeth Rosenthal is editor-in-chief of Kaiser Health News, an editorially independent news program of the Henry J. Kaiser Family Foundation and a partner of NPR's. How U.S. Health Care Became Big BusinessEnlarge this image Bill Diodato/Getty Images Bill Diodato/Getty ImagesHealth care is a trillion-dollar industry in America, but are we getting what we pay for? And so, what we see in research over and over again is that the cities that have the most hospital consolidation tend to have the highest prices for health care without any benefit for patient results.


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