Starboard launches proxy fight to remove entire Yahoo board
Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc , including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm.
Despite oil’s decline, energy companies win with equity offerings
NEW YORK (Reuters) – More than a dozen companies in the hard-hit exploration and production energy industry have announced new share offerings this year – and have generally been rewarded in the stock market for the strategy.
Senate’s request for info from Ackman related to Valeant: source
BOSTON (Reuters) – U.S. legislators investigating price hikes in the pharmaceutical industry have asked William Ackman’s hedge fund for information on Valeant Pharmaceuticals International Inc , according to a person familiar with the matter.
China-backed bank says more than 30 countries await membership
BOAO, China (Reuters) – More than 30 countries are waiting to join the China-backed Asian Infrastructure Investment Bank (AIIB), adding to its 57 founding members, its president said on Friday.
Uber profits elsewhere support ‘sustainable’ spending in China: CEO
BOAO, China (Reuters) – Ride hailing app company Uber Technologies Inc [UBER.UL] is generating more than $1 billion in profit a year in its top 30 cities globally, and partly using that money to bankroll its expansion in China, Chief Executive Travis K…
BOJ tankan likely show biz mood worsens due to strong yen, global economy
TOKYO (Reuters) – Japanese manufacturers’ confidence probably deteriorated to the lowest in nearly three years and it is expected to worsen in the coming quarter due to exporters concern over a strong yen and worries over the global economy, a Reuters …
Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute
SAN JOSE, Calif.,/NEW YORK (Reuters) – A federal jury on Thursday ordered Gilead Sciences Inc to pay Merck & Co $200 million in damages for infringing two Merck patents related to a lucrative cure for hepatitis C.
Microsoft told potential Yahoo bidders it might back bids: report
(Reuters) – Microsoft Corp executives are in talks with equity firms considering bids for Yahoo Inc! saying that Microsoft might be willing to offer “significant financing” for their efforts, tech news site Recode reported on Thursday.
China hopes ZTE can be removed from U.S. export restriction list as soon as possible
SHANGHAI (Reuters) – China’s commerce ministry said on Friday it hoped telecom equipment maker ZTE Corp could be removed as soon as possible from a U.S. list of companies slapped with tough export restrictions this month.
Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon
WASHINGTON (Reuters) – Lockheed Martin Corp has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 defense budget, the Pentagon said on Thursday in its daily digest of major contracts.
