Activist short-seller Nathan Anderson, known for his high-profile campaigns against the likes of Adani Group, said he is closing his firm, Hindenburg Research, not because of any threat -- legal or otherwise -- and that he stands by all its reports.
Icahn on Tuesday told Time magazine that he filed a shareholder proposal with Apple on November 26, three days before the deadline for measures to be voted on at the company's next annual shareholders meeting.
A stellar cast keeps you riveted to this sequel to Wall Street.
Referring to information in a shareholders' lawsuit brought against Yahoo, he said the complaint showed that Yang and a majority of the board had gone to 'inordinate lengths to sabotage a Microsoft bid". Portions of the lawsuit were unsealed by a Delaware judge on Monday, despite the objections of Yahoo attorneys. In January 2007, Yahoo had rejected Microsoft offer to purchase Yahoo at $40 per share.
The rescheduling was prompted as billionaire investor Carl Icahn upped his ante against Yang in view of the revelations that came on Monday when a Delaware judge unsealed court documents in a lawsuit filed by shareholders. The annual shareholders meeting originally slated for July 3, has been rescheduled for the third time on August 1.
Mad money does not equal fame. These folks manage to skirt the public eye despite their billions.
Microsoft Corp. has announced that it had reached out to Yahoo Inc. with a possibility of a fresh deal that does not involve an acquisition of the Internet company. "Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo," Microsoft said in a brief statement.
The board finally gives into the demands by activist investor Carl Icahn.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalisation of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday.
Apple's stock market value rose beyond $700 billion.
Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock.
The casino, the last of the Atlantic City casinos bearing Donald Trump's name, will close in September.
The jury found Samsung violated several Apple patents including those related to iPhone's design and appearance
Michael Dell clinched shareholder approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker.
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
Dell, which once led the world in computer sales and was held up as a model of production-chain innovation, is increasingly resorting to price cuts to soothe customers nervous about its future and to spearhead a late foray into the enterprise computing market.
They researched their companies well, didn't believe in the market chatter and advise to stay invested for long term.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
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