Broadcom Inc. a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced that its board of directors has appointed Diane M. Bryant as an independent director, and as a member of its compensation committee...
NEW YORK — America’s largest companies added women and minorities to their boards of directors at a faster pace over the past two years, a period when sexual harassment scandals thrust workplace equality into the spotlight, a study shows. The rate of change remains slow, but minorities are making visible gains for the first time in many years, according to the 2018 Board Diversity Census, released Wednesday by the Alliance for Board Diversity and the consulting firm Deloitte...
Dollar Tree has few options to deal with its Family Dollar problems. If Dollar Tree Inc. were to sell Family Dollar, it would be “fortunate” to get two-thirds of the $9 billion paid for the rival chain, according to Raymond James analysts. Activist investor Starboard Value LLP has taken a 1.7% stake in the company and is making demands for board seats and changes to the company, including a possible sale of Family Dollar...
Kara Stein, the departing commissioner of the Securities and Exchange Commission, told MarketWatch she was focused during her five-and-a-half years as a regulator on bringing the regulator into the digital age. Her efforts have paid off with initiatives like the consolidated audit trail that she says will make a computerized marketplace more resilient to shocks...
Dollar Tree Inc. DLTR, +2.35% shares rose 3.2% in Monday premarket trading after Starboard Value LP announced its nominations for the retailer's board. Starboard has taken a 1.7% stake in Dollar Tree, valued at about $370 million, and is seeking a majority stake in the 12-person board, according to The Wall Street Journal...
Activist investor Starboard Value LP has taken a stake in Dollar Tree Inc. and is pushing the retailer to sell its Family Dollar business and tweak its pricing model, according to people familiar with the matter. The New York hedge fund has a 1.7% stake in Dollar Tree DLTR, +2.35% worth roughly $370 million and is also seeking majority control of the company’s 12-person board, the people said...
News that Tesla Inc. is adding two new directors to its board was cheered by bulls on Friday, while critics questioned whether a personal friendship with controversial Chief Executive Elon Musk and a large stake in the electric-car maker will create a conflict of interest for one of those new board members. Tesla said it is adding Oracle Corp ...
Campbell Soup Co. CPB, -2.54% said late Thursday its board of directors has elected Mark A. Clouse to serve as the company's president and chief executive effective Jan. 22. Clouse, who previously was the CEO of Pinnacle Foods Inc., succeeds Campbell's interim CEO Keith McLoughlin, who will remain a director and will work closely with Clouse "to ensure a seamless transition," Campbell Soup said in a statement...
Newell Brands Inc. NWL, -4.72% shares increased in after-hours trading Wednesday, as a filing showed that activist investor Carl Icahn had increased his stake in the company. In a filing with the Securities and Exchange Commission, Icahn reported owning 9.9% of the company known for owning Rubbermaid and other products, up from a previous stake of 8.3%. The filing showed that Icahn and his son, Brett, had purchased more than a million shares last month at prices ranging from $20 to $20.50...
(GLOBE NEWSWIRE) -- Sarepta Therapeutics, Inc. the leader in precision genetic medicine for rare diseases, announced today that it appointed Mary Ann Gray, Ph.D., to its Board of Directors. Dr. Gray has more than three decades of biotechnology and healthcare experience, with a track record of successfully guiding high-potential companies evolve to their next stage of growth. She will serve as a member of both Sarepta's Compensation and Nominating and Corporate Governance Committees...
Elliott Management Corp. said Wednesday that it holds an interest of more than 2.5% in Pernod Ricard SA (RI.FR) and is recommending changes to generate value for stakeholders. The U.S. activist fund said there is significant potential for improving the French company, and recommends launching a "more ambitious operational-improvement plan" that will help Pernod catch up to peers in profitability, along with making changes to its corporate governance...
Jay Clayton, the Trump-appointed chairman of the Securities and Exchange Commission, on Thursday outlined his priorities for next year, which include new rules for financial professionals and improving the proxy process. The 2019 “Reg Flex” agenda focuses on the “initiatives we reasonably expect to complete” said Clayton. He told an audience at Columbia University on Thursday that the regulator is more productive, advancing 88% of the rules on its short term agenda this year...
(GLOBE NEWSWIRE) -- Murphy USA Inc. is pleased to announce that the Board of Directors has appointed Hon. Jeanne L. Phillips as an independent director of the company...
The Securities and Exchange Commission asked investors on the day before Thanksgiving to take another look at a very long list of its regulations and tell the regulator whether they should stay on the books. The move , made under cover of a long holiday weekend preoccupied with turkey and shopping, is an annual exercise required by the Regulatory Flexibility Act, a law passed in Reagan-era 1980 to address the perceived disproportionate impact of federal regulations on small businesses...
Spectrum Pharmaceuticals Inc., a biotechnology company with fully integrated commercial and drug development operations and a primary focus in hematology and oncology, today announced the appointment of Jeffrey Vacirca, MD, FACP to its Board of Directors...
Health-care software company Athenahealth Inc. will be acquired by Veritas Capital and Elliott Management for $5.5 billion in cash...
DETROIT, Nov. 5, 2018 /PRNewswire/ -- American Axle & Manufacturing has named Herbert K. Parker to its Board of Directors. Parker is the former Executive Vice President of Operational Excellence, Harman International...
(GLOBE NEWSWIRE) -- Umpqua Holdings Corporation (UMPQ), parent company of Umpqua Bank, has appointed Anddria Clack-Rogers Varnado to its board of directors. The appointment of Varnado, who currently serves as vice president, strategy & business development at Williams-Sonoma, Inc., affirms Umpqua's commitment to exceptional customer experience matched with excellence in operational performance...
SYDNEY -- BHP Billiton Ltd., the world's biggest mining company by market value, said it would return $10.4 billion to shareholders via a stock buyback and special dividend. The move comes after completing the sale of its U.S. onshore oil and natural gas assets. BHP -- which has faced pressure from activist investor Elliott Management Corp. to improve returns -- said the latest outlays would bring the total cash handed back to shareholders over the past two years to $21 billion...
Carl Icahn has successfully tormented several tech companies in the last decade — from Motorola to Yahoo to eBay — but usually demands value extraction that isn’t always the best route for a company’s health or long-term investors. Icahn’s new battle with computer executive Michael Dell and his eponymous company, now entering a bruising second round five years after the first, is different: It is a righteous stand that other large investors appear to be backing...
Carl Icahn is gearing up for another battle with Michael Dell. The activist investor, who fought Dell when he took his namesake computer company private in 2013, will challenge plans to take it public again. Icahn on Monday disclosed that he has boosted his stake in shares that track Dell Technologies Inc.’s DVMT, +3.01% interest in VMware Inc. VMW, +4.42% to 8.3%...
Embattled pizza chain Papa John’s International Inc. will probably be bought out in the next year, forecasts Kalinowski Equity Research President Mark Kalinowski. The Wall Street Journal reported Monday that Trian Fund Management LP is assessing a possible takeover bid , sending shares surging in after-hours trading. Shares closed Tuesday up nearly 9%...
/PRNewswire/ -- WellCare Health Plans, Inc. announced today it appointed Bobby Jindal, former governor of Louisiana, to its board of directors...
The New York Times Company announced today that Aman Bhutani, President of the Brand Expedia Group at Expedia Group, Inc., has been appointed to its Board of Directors...