Glenview says shareholders vote to replace HMA board
(Reuters) – Investment firm Glenview Capital Management, which owns 14.6 percent of Health Management Associates Inc , said on Monday a majority of the U.S. hospital chain’s shareholders have voted to oust its board and replace it with Glenview’s slate…
Fairfax looking to take BlackBerry private: paper
TORONTO (Reuters) – Fairfax Financial Holdings, which is BlackBerry Ltd’s top shareholder with a 9.9 percent stake, is exploring ways to take the smartphone maker private, the Globe and Mail said on Monday.
Spirit AeroSystems posts quarterly loss after big charges
(Reuters) – Spirit AeroSystems Holdings , a supplier of aircraft parts, reported a second-quarter loss on Monday as it took charges tied to expected cost increases for airplane programs.
Court delays conference on Icahn lawsuit to block Dell deal
(Reuters) – A legal battle between activist investor Carl Icahn and computer magnate Michael Dell has been delayed until Friday, with a court setting a hearing then on Icahn’s contention that Dell’s bid to buy back Dell Inc is “an insult to shareholder…
Arinc buy to beef up Rockwell’s commercial business
(Reuters) – Rockwell Collins , which is looking to opportunities in the commercial market as its defense business comes under pressure, is buying Arinc, an aerospace communications company, for $1.39 billion.
Blackstone, Fidelity offer hedge fund taste to retail crowd
BOSTON (Reuters) – Blackstone Group LP, one of the world’s biggest hedge fund investors, said on Monday Fidelity Investments is a strategic partner in giving retail investors a taste of the normally exclusive world of hedge fund investing.
Machinists union says it wins vote to represent US Airways mechanics
(Reuters) – The machinists union on Monday said it won an election to represent nearly 5,000 US Airways Group mechanics, beating back an attempt by the Teamsters to gain a foothold at the carrier ahead of its merger with American Airlines.
U.S. posts $98 billion budget deficit in July
WASHINGTON (Reuters) – The United States ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a report from the Treasury showed on Monday.
HP, ex-CEO Hurd win dismissal of lawsuit over harassment scandal
(Reuters) – Hewlett-Packard Co and its former chief executive, Mark Hurd, have won dismissal of a lawsuit that challenged the computer maker’s public commitment to ethics at a time when Hurd was allegedly engaging in sexual harassment.
Dole’s 90-year-old CEO seals deal to take company private
(Reuters) – Vegetable and fruit producer Dole Food Co Inc said it agreed to be taken private by 90-year old Chairman and Chief Executive David Murdock after he raised his offer to $1.2 billion.
