By Lauren Pollock
Activist investor Starboard Value LP said it has taken a significant stake in Yahoo Inc. and pushed the Internet pioneer to explore a possible combination with AOL Inc.
Starboard, which says it has a significant stake in the company, said a potential tie-up of Yahoo's core search and display businesses with AOL could improve Yahoo's competitive position and deliver cost synergies of up to $1 billion.
Sportswear (OTCBB: SMAK), the leading brand of custom designed
athletic apparel (primarily focused on volleyball), today announced the
appointment of Christopher Jenks as the Chairman of the Board, as well
as the resignation of Smack CEO Bill Sigler.
New role is added responsibility for vice president of newspaper operations, whose Scripps career has spanned 33 years Twitter post: Additional role for Steve Smith, VP of newspaper operations for @EWScrippsCo - now also the publisher for @ReddingNewsFeed in California.
Shares of Yahoo (YHOO) climbed more than 3% Friday after activist investor Starboard increased its ownership stake in the tech company and issued an open letter to Yahoo calling for a "strategic combination" with AOL (AOL) . Starboard, which has also been in a public dispute recently with Darden Restaurants (DRI) , claims that a deal between Yahoo and AOL would deliver cost synergies of up to $1 billion by reducing cost overlaps in their display advertising business.
By Sara Sjolin and Barbara Kollmeyer, MarketWatch , Tommy Stubbington
LONDON (MarketWatch) -- German insurer Allianz AG tumbled in late afternoon trading on Friday, leaving the German DAX 30 index to underperform in an otherwise up day, after famed asset manager Bill Gross resigned from Pimco, a subsidiary owned by the company.
Highlights Several Opportunities for Significant Shareholder Value Creation at Yahoo, Including the Monetization of the Company's Non-Core Minority Equity Investments in a Tax-Efficient Manner and the Opportunity for Significant Cost Reductions
Believes a Combination Between Yahoo's Core Search and Display Businesses and AOL Could Result in up to $1 Billion of Synergies While Also Potentially Facilitating the Realization of Value from Yahoo's Non-Core Equity Stakes Looks Forward to Engaging with Yahoo's Management and Board of Directors to Discuss Starboard's Views on Enhancing the Operating Performance of Yahoo's Core Business and Closing the Existing Value Gap at Yahoo in the Most Tax-Efficient Manner NEW YORK , Sept.
By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks moved higher Friday, with banking issues advancing on the prospect of a settlement between major financial firms and an industry regulator.
LONDON , September 26, 2014 /PRNewswire/ -- Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) announces that on 26 September, 2014 it purchased for cancellation 920,000 "A" Shares at a price of 2337.93 pence per share.
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