1. Articles from Ciara Linnane

    1-17 of 17
    1. Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

      Square is Dropping an Accounting Metric After the SEC said it’s not Allowed

      Square Inc. is making a change to its accounting after receiving a comment letter from the Securities and Exchange Commission in a move that has implications for other U.S. companies. The payment company is abandoning its practice of offering an adjusted revenue number, a metric that does not conform with Generally Accepted Accounting Principles, or GAAP, the U.S. standard, and that the Securities and Exchange Commission does not allow, as MarketWatch has reported in the past...

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    2. United Tech Responds to Third Point Criticism of Planned Raytheon Deal

      United Tech Responds to Third Point Criticism of Planned Raytheon Deal

      United Technologies Corp. UTX, +1.06% said Friday it does not agree with a letter from hedge fund Third Point LLC released early Friday that questions the strategic rationale behind its proposed merger with Raytheon Co. RTN, -2.39% "While we welcome the opinions of all of our shareowners, we do not agree with the assertions and conclusions in the Third Point letter," the company said in a statement...

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    3. BlackBerry’s Use of Non-Standard Metrics Violates SEC Rules

      BlackBerry’s Use of Non-Standard Metrics Violates SEC Rules

      BlackBerry Ltd. reported fiscal first-quarter earnings on Wednesday that led with and were dominated by non-standard numbers, putting the company at risk of an enforcement action from the U.S. Securities and Exchange Commission. The headline on the earnings release highlights the cybersecurity company’s non-GAAP revenue, or revenue that does not conform with Generally Accepted Accounting Principles, a metric the regulator does not allow...

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    4. Breaking News: Caesars to Add 3 Board Directors in New Deal with Carl Icahn

      Breaking News: Caesars to Add 3 Board Directors in New Deal with Carl Icahn

      Caesars Entertainment Corp. shares CZR, +2.01% rose 2.9% in premarket trade Friday, after the casino operator said it has reached an agreement with activist shareholder Carl Icahn regarding the composition of its board and other issues. The company has agreed to add three directors to its board, Keith Cozza, Courtney Mather and James Nelson, with immediate effect...

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      Mentions: stake Caesars emails
    5. BP Board Will Back Shareholder Push to Align Goals with Paris Climate Agreement

      BP Board Will Back Shareholder Push to Align Goals with Paris Climate Agreement

      Oil major BP PLC’s board said Friday it will back a shareholder resolution at its annual meeting this year that would force the company to align its business strategy with the goals of the Paris Agreement on climate change. The move comes after shareholders passed a motion in 2015 that asked the company to improve its corporate reporting and transparency on climate change-related risks...

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    6. Tesla’s Addition of Larry Ellison to Board is a ‘home run appointment’, Analyst Says

      Tesla’s Addition of Larry Ellison to Board is a ‘home run appointment’, Analyst Says

      News that Tesla Inc. is adding two new directors to its board was cheered by bulls on Friday, while critics questioned whether a personal friendship with controversial Chief Executive Elon Musk and a large stake in the electric-car maker will create a conflict of interest for one of those new board members. Tesla said it is adding Oracle Corp ...

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    7. Starboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replaced

      Starboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replaced

      Activist shareholder Starboard Value LP said Wednesday that three of the directors nominated to the board of consumer brand company Newell Brands Inc. NWL, -1.35% have pledged to purchase $25 million of Newell stock with their own money if Starboard succeeds in its aim of replacing the Newell boards. Starboard and other participants in its solicitation own about 4.5% of Newell, which owns brands including Rubbermaid, Papermate and Elmer's...

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    8. Procter & Gamble Urges Shareholders to Vote Against Nelson Peltz at Coming Annual Meeting

      Procter & Gamble Urges Shareholders to Vote Against Nelson Peltz at Coming Annual Meeting

      Procter & Gamble Co. PG, +0.26% on Monday urged shareholders to vote in favor of its director nominees at its coming annual meeting, and against activist investor Nelson Peltz. "Under the leadership of this board and management team, P&G has undertaken the most significant transformation in the company's history and is executing a winning strategy that is working," the board wrote in a letter to shareholders...

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    9. Share Buybacks Will Continue Posing a Risk to Bondholders in 2017

      Share Buybacks Will Continue Posing a Risk to Bondholders in 2017

      Corporate credit quality is likely to remain pressured by big share-buyback programs in 2017, and some bond issuers may face ratings downgrades, Fitch Ratings said Thursday. Companies have been borrowing to reward their shareholders in the forms of buybacks and dividends at a hectic pace during the low-interest-rate environment of the past several years. Net buybacks have exceeded free cash flow after dividends at the companies that Fitch rates since 2014, the rating agency said in a new report.

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    10. T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC

      T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC

      MarketWatch is not alone in criticizing wireless operator T-Mobile US. Inc. for its accounting. An investor group sent a formal letter of complaint to the Securities and Exchange Commission on Wednesday, asking the regulator to conduct a probe of the company’s accounting practices. CtW Investment Group works with pension funds that are sponsored by unions affiliated with a federation known as Change to Win, and focuses on shareholder activism around corporate governance...

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    11. Marissa Mayer will Have Earned More than $200 Million ay Yahoo if she’s Pushed Out

      Marissa Mayer will Have Earned More than $200 Million ay Yahoo if she’s Pushed Out

      Whatever Yahoo Inc. Chief Executive Marissa Mayer does once Verizon Communications Inc. closes its deal to buy the company’s web assets for $4.8 billion in cash, she won’t be on the bread line any time soon. Read: Yahoo deal with Verizon leaves behind $30 billion ‘company’ that does nothing In fact, if Mayer is pushed out, her total compensation would be worth $218.9 million, based on Yahoo’s YHOO, -0.22% share price from Friday, the last business day before the deal was announced, according to Equilar, a research company that monitors corporate governance at publicly ...

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    12. Starboard Urges Yahoo to Return More Cash to Shareholders

      Starboard Urges Yahoo to Return More Cash to Shareholders

      NEW YORK (MarketWatch) -- Activist investor Starboard Value LP said Monday that Yahoo Inc.'s decision to spin off its stake in Alibaba Group Holdings Inc. was a "good first step", but insisted there are other opportunities to create value for shareholders. In a letter to the Yahoo board, Starboard urged the Internet company to cut its "bloated" cost structure, explore ways to monetize its ...

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    13. DuPont Says Trian's Proposals Not in Interest of Shareholders

      DuPont Says Trian's Proposals Not in Interest of Shareholders

      NEW YORK (MarketWatch) -- DuPont said Tuesday that proposals from activist investor Trian Fund Management L.P. to break up the chemicals giant and add more debt are not in the best interest of shareholders. In a letter to its shareholders, DuPont said Trian has launched a proxy fight which is based on "inaccurate data, and flawed analyses to distract from DuPont's track record of strong ...

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    1-17 of 17
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    Ann Shares Rally On Report It Has Hired JP Morgan To Explore Sale DuPont Says Trian's Proposals Not in Interest of Shareholders Starboard Urges Yahoo to Return More Cash to Shareholders Marissa Mayer will Have Earned More than $200 Million ay Yahoo if she’s Pushed Out T-Mobile’s Accounting Slammed by Investor Group in Letter to SEC Share Buybacks Will Return with a Vengeance Next Year Share Buybacks Will Continue Posing a Risk to Bondholders in 2017 AIG’s New 70-year-old CEO may be Just What the Insurer Needs Starboard Directors Pledge to Buy $25 Million of Newell Brands Stock if Board is Replaced Tesla’s Addition of Larry Ellison to Board is a ‘home run appointment’, Analyst Says NEXGEL, Inc. Announces the Appointment of Dr. Jerome Zeldis to Its Board of Directors Garrett Motion (GTX) Announces Jerome Stoll to Board