Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
Records set for Dow industrials, S&P after Labor Dept. reports 288,000 new jobs in June and Mario Draghi reveals European stimulus plans.
Early in 2007, HSBC took a $6.3 billion charge because of exposure in the sub-prime mortgage market. Shortly thereafter Knight Vinke Asset Management announced it...
Jana Makes Books-and-Records Demand
NEW YORK (HedgeWorld.com)--Barry Rosenstein, managing partner of Jana Partners LLC, cranked his campaign against the incumbent board of Houston Exploration Co. up a notch Thursday [June 1] with a demand under Delaware law for certain books and records that may, Mr. Rosenstein suggested, disclose breaches of that board's fiduciary obligations....
A Detour on the Way to a Proxy Fight
RICHMOND, Va. (HedgeWorld.com)--The annual shareholders meeting of Massey Energy Corp. featured a question-and-answer session that demonstrated many of the shareholders have concerns far from those at the center of the proxy fight between Massey's management and Third Point LLC, the corporate-activist hedge fund. The proxy fight came about because Third...
Jana, Houston Exploration Trade Jabs After Meeting
NEW YORK (HedgeWorld.com)--Jana Partners LLC declared a victory for its own campaign to persuade shareholders to withhold their votes from the board of directors of the Houston Exploration Co., while the company itself appeared unmoved. A dispute has arisen because on April 7, 2005, the Houston-based company, an independent natural...