Yesterday, the Securities and Exchange Commission announced awards totaling over $570,000 to two whistleblowers paid out by the investor protection fund. The first will receive a whistleblower award of approximately $478,000, and the other will receive the remainder...
Leaders in the retail and supply chain industries are undergoing a transformation in terms of leadership, with board of directors and top executives experiencing a variety of changes...
BP and climate-focused Follow This have agreed to jointly draft a shareholder resolution on BP’s climate goals for its 2021 AGM An activist group has withdrawn a shareholder resolution urging BP to adhere to the Paris climate agreement after the oil and gas company agreed to work together on a joint resolution...
Early this morning, Sony announced that it would be spinning off its entire “Electronics Products & Solutions” (EP&S) segment—including its imaging and mobile businesses—into an intermediate holding company called “Sony Electronics Corporation.”...
NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) -- Medical Resource Acquisition Group, LLC (MRAG), an investment company focused on facilitating the advancement of innovative healthcare companies, intends to ensure Rockwell Medical, Inc. (RMTI; NASDAQ) shareholders will not have their voting rights suppressed by the Rockwell Board of Directors...
It’s not like any of this is unexpected news. Just last June 2019 Daniel Loeb wrote in an open letter that, “Sony’s semiconductor business is dramatically underappreciated by the market despite its position as the global leader in image sensors with over 70% revenue market share of the smartphone image sensor market.
Moody’s chopped its rating on SoftBank Group debt by two notches Wednesday. The move came as a surprise to the Japanese telecom giant, which responded by asking Moody’s to withdraw all of its ratings on the company , arguing that the ratings agency has “biased and mistaken views.” The spat comes at a surprising moment. SoftBank shares (ticker: SFTBY) have had a big run over the last few days, up 55% since Friday...
The hedge fund manager Bill Ackman has claimed his firm made $2.6B (£2.2bn) betting that the coronavirus outbreak would cause a market crash, barely a week after warning that “hell is coming” for US companies...
As the coronavirus ravages much of the retail sector, a number of companies have opted to forgo the salaries of some of their top executives or reduce pay for other senior leaders to keep businesses and many of their workers’ jobs intact...
In bid to turn around, the company is changing its board, cutting salaries and slashing capital budget Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn’s demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades...
Occidental Petroleum Corp. is cutting salaries for its U.S. employees by up to 30% in a bid to slash expenses, according to an internal email reviewed by The Wall Street Journal...
USA Technologies Sends Letter to Shareholders Highlighting Board’s Repeated Attempts to End Unnecessary and Distracting Proxy Contest Launched by Activist Investor Hudson Executive Capital...
BOSTON — Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten down by a historic market selloff, four people familiar with their plans said on Tuesday...
Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced that its Board of Directors, after consultation with its financial and legal advisors, unanimously determined that the unsolicited and non-binding proposal from B. Riley Financial, Inc. (NASDAQ: RILY) to acquire Spok for $12 per share in cash substantially undervalues Spok...
When activist investors Starboard Value took a 7.5% stake in Boxlast September, there was reasonable speculation that it would begin to try and push an agenda, as activist investors tend to do. While the firm has been quiet to this point, today Box announced that Starboard was adding three members to the 9 member Box board...
Fearless Girl is proving to be much more than an eye-catching statue in front of the New York Stock Exchange...
U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...
The private equity firm is gearing up for a proxy battle to change the direction the motorcycle maker is heading...
Activist investor to get two board seats, approval of third, independent director Occidental Petroleum Corp. is nearing a truce with Carl Icahn that would conclude one of the highest-profile corporate clashes of the past year and usher the activist investor into the embattled oil producer’s board room as it seeks to recover from a series of setbacks...
More CEOs from America’s largest publicly traded airlines sent an urgent letter Saturday to Congressional leaders promising to stop stock buybacks and paying dividends in exchange for a multi-billion dollar coronavirus bailout...
(Reuters) - Boeing Co will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker said on Friday, as companies eager for government aid to curb fallout from the coronavirus face pressure to cut payouts to investors...
... utility's filing with U.S. Bankruptcy Court said it and parent company PG&E Corp. had agreed to “a number of changes to their corporate governance ...
Former U.N. ambassador Nikki Haley stepped down from Boeing's board, saying she opposed government aid for the company as it battles coronavirus...
eBay Inc. (Nasdaq: EBAY ), a global commerce leader that connects millions of buyers and sellers around the world, today issued the following statement in response to the letter from Starboard Value LP ("Starboard") announcing that it has nominated four candidates to stand for election to the Company's Board of Directors at eBay's 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting")...