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Saudi oil minister to face rival U.S. producers as price rout bites
February 21, 2016 by elegant · Leave a Comment
This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling …
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Saudi oil minister to face rival U.S. producers as price rout bites
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Volvo Cars recalls 59,000 cars over software fault
February 21, 2016 by publisher · Leave a Comment
“We have no information that this has led to any accidents,” Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected. The Gothenburg-based company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.
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Volvo Cars recalls 59,000 cars over software fault
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Yahoo launches auction process as Starboard gears up for fight
February 21, 2016 by admin · Leave a Comment
Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer …
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Yahoo launches auction process as Starboard gears up for fight
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Yahoo looking to slash 10 percent or more of its workforce – Business Insider
January 7, 2016 by admin · Leave a Comment
“We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up
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Yahoo looking to slash 10 percent or more of its workforce – Business Insider
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Starboard asks Yahoo to sell core business instead of Alibaba stake
November 19, 2015 by creative · Leave a Comment
Activist investor Starboard Value LP asked Yahoo Inc to drop plans to spin off its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses. Yahoo's current net cash holding and the funds raised from a sale of the business could be returned to shareholders through buybacks and…
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Starboard asks Yahoo to sell core business instead of Alibaba stake