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    1. Only Half of PG&E's Board to Remain After Bankruptcy Filing

      Only Half of PG&E's Board to Remain After Bankruptcy Filing

      (Bloomberg) -- PG&E Corp., which filed for bankruptcy last month, announced a boardroom shakeup that would bring back at most half of the current board members. No more than five of the utility owner’s 10 current board members will stand for re-election at its upcoming shareholders meeting, according to a statement Monday. The company wants mostly independent directors, and the new board will have 11 of them, it said.,..

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    2. Arconic Drops Plan to Pursue Sale, Sending Shares Sinking

      Arconic Drops Plan to Pursue Sale, Sending Shares Sinking

      (Bloomberg) -- Arconic Inc. shocked investors as the board decided not to sell the company, scuttling a potential blockbuster buyout after months of negotiations. The shares plunged as much as 27 percent in early trading after the company said it “did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders.” Apollo Global Management LLC had been in talks to acquire the aerospace manufacturer in a deal valued at more than $10 billion, Bloomberg News had ...

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    3. Yelp Just Created an Activist Investor

      Yelp Just Created an Activist Investor

      When Yelp (NYSE: YELP) first began to expand its more flexible non-term advertising contracts early last year, the market wasn't quite sure what to think. After all, the new model immediately helped Yelp deliver a beat and raise with record advertiser account additions in the first quarter of 2018 -- but shares fell, as Wall Street remained skeptical if newer advertisers would be willing to stick around for the long haul. Then, three months later, shares skyrocketed after Yelp's exceptional second-quarter results appeared to validate its approach ...

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    4. Starboard Builds a Stake in MGM Resorts and Will Seek Changes

      Starboard Builds a Stake in MGM Resorts and Will Seek Changes

      Starboard Builds a Stake in MGM Resorts and Will Seek Changes Scott Deveau and Christopher Palmeri Starboard Builds a Stake in MGM Resorts and Will Seek Changes More (Bloomberg) -- Starboard Value, the activist fund run by Jeff Smith, has built a position in MGM Resorts International and plans to push for changes at the Las Vegas-based casino owner...

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    5. Shares of Nabors Industries Rally After Dividend Cut, CEO Pay Cut, and Debt-Reduction Announcement

      Shares of Nabors Industries Rally After Dividend Cut, CEO Pay Cut, and Debt-Reduction Announcement

      Shares of Nabors Industries Rally After Dividend Cut, CEO Pay Cut, and Debt-Reduction Announcement Tyler Crowe, The Motley Fool Reblog What happened Shares of drilling rig owner and operator Nabors Industries (NYSE: NBR) are up 10.5% as of 11:00 a.m. EST. The price jump comes after the company announced some financial highlights for its upcoming fourth-quarter earnings report that included significant debt reduction, a dividend cut, and a cut to executive pay...

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    6. Will Huawei's Real Leader Please Stand Up

      Will Huawei's Real Leader Please Stand Up

      (Bloomberg Opinion) -- In March, Huawei Technologies Co. announced a series of management changes that went almost unnoticed. Four executives were promoted to deputy chair while one, Liang Hua, was elected chairman of the board. Three of those deputy chairs were also given the position of rotating chairman. Founder Ren Zhengfei remained CEO and a board member, the Shenzhen-based company said in its statement...

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    7. Snap's Former CFO Left Because of Evan Spiegel's Fixation on Spectacles

      Snap's Former CFO Left Because of Evan Spiegel's Fixation on Spectacles

      Spectacles have always been a mind-boggling initiative for Snapchat parent Snap (NYSE: SNAP) . Despite the fact that Snap had no prior meaningful experience in camera hardware, Spectacles drive almost no engagement on the core platform, and the company previously had to eat a $40 million charge related to horrendous sales, CEO Evan Spiegel still refuses to give up on his Spectacles fantasy . It turns out that Spiegel's fixation with Spectacles contributed to the resignation of Snap's former CFO ...

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    8. Analog Devices Appoints Anantha Chandrakasan to its Board

      Analog Devices Appoints Anantha Chandrakasan to its Board

      Analog Devices, Inc. ADI appoints Anantha Chandrakasan as the new independent director to its board. Chandrakasan will commence his operations from Jan 1, 2019. Previously, he was the dean of MIT’s School of Engineering, and the Vannevar Bush Professor of Electrical Engineering and Computer Science...

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    9. Hitachi to Announce Purchase of ABB's Power Grid Business Monday

      Hitachi to Announce Purchase of ABB's Power Grid Business Monday

      TOKYO/ZURICH (Reuters) - ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters. The acquisition, which values the unit at $11 billion (8.7 billion pounds), will see Hitachi become one of the largest players in the power grid industry...

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    10. Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

      Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

       (Bloomberg) -- Vivendi SA demanded that Telecom Italia SpA’s board convene shareholders to appoint new auditors and replace five company directors allied to U.S. activist Elliott Management Corp. Key Insights Vivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors ...

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    11. Alteryx Appoints Mark Anderson, President Of Palo Alto Networks, To Its Board Of Directors

      Alteryx Appoints Mark Anderson, President Of Palo Alto Networks, To Its Board Of Directors

      PRNewswire/ -- Alteryx, inc. (AYX), revolutionizing business through data science and analytics, today announced the appointment of Mark Anderson to its board of directors, effective Oct. 1, 2018. Anderson is president of Palo Alto Networks and a seasoned executive with a proven track record of building and scaling organizations for growth...

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    12. Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont

      Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont

      Ed Breen, the chief executive officer of chemical giant DowDuPont Inc., is the best choice to run DuPont when it becomes an independent company next year, activist investor Dan Loeb said. “I hope Ed Breen is involved in a serious way, continuing as CEO or in an executive chair role,’’ Loeb, who runs the Third Point LLC hedge fund, said in an interview Tuesday...

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    13. California Pushes Bill Mandating More Women on Corporate Boards

      California Pushes Bill Mandating More Women on Corporate Boards

      California is making a big push for more women in the boardroom. On Wednesday, the state legislature passed a bill requiring publicly traded companies to have women on their boards. If Gov. Jerry Brown signs the bill into law , California-based companies must have at least one woman on their boards by the end of 2019 or face financial penalties....

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