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Safeway adopts poison pill after big stock buys
NEW YORK — Safeway adopted a plan to prevent a hostile takeover after learning of a significant accumulation of its stock by an unknown investor. The announcement Tuesday sent shares […]
Icahn ends takeover battle for PC maker Dell
Billionaire investor Carl Icahn is giving up his bitter takeover fight for Dell Inc. a few days before shareholders are scheduled to consider the latest buyout offer from the struggling […]
ISS recommends vote for Dell founder’s offer
NEW YORK — A top proxy advisory firm is recommending that Dell shareholders vote in favor of a deal that would allow the company’s founder and an investment firm to […]
Google settles suit, clears way for stock split
SAN FRANCISCO — Google has settled a shareholder lawsuit to clear the way for a long-delayed split of the Internet search leader’s stock. The agreement announced Monday resolves allegations that […]
News Corp. shareholders approve split
NEW YORK — News Corp. says its shareholders have approved a plan to split into two publicly traded companies. The company says approval came with an overwhelming majority of support. […]
Legg Mason raises quarterly dividend
Legg Mason Inc., of Baltimore, announced that its Board of Directors has declared a 13 cent-per-share quarterly cash dividend on its common stock.
Dish chairman defends debt level in Sprint deal
NEW YORK — Dish Network’s combative chairman, Charlie Ergen, on Tuesday defended his $25.5 billion bid for Sprint Nextel, saying the debt load the deal would create for the combined […]
T. Rowe Price opposes $24.4B sale of Dell
SAN FRANCISCO — Baltimore-based mutual fund firm T. Rowe Price Group has joined a shareholder rebellion against Dell’s proposed $24.4 billion sale to its founder and other investors, fueling a […]
Apple CEO: Shareholder lawsuit is ‘silly sideshow’
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a “silly sideshow,” even as he said he is open to looking at the shareholder’s proposals for sharing […]
Facebook tops 1 billion users
NEW YORK — More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, […]
Citigroup agrees to pay $590M in shareholder suit
NEW YORK — Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank’s growing problems before the financial crisis. […]
Dimon: JPMorgan trusted risk models before loss
WASHINGTON — JPMorgan Chase CEO Jamie Dimon says the bank did its best to fully inform investors about its risk strategy several weeks before it suffered a $2 billion-plus trading […]
