Hambrecht, Icahn nominee, quits Motorola Mobility board
Forest Laboratories Inc's showdown with activist investor Carl Icahn should be resolved on Thursday, when shareholders meet to pick the drugmaker's new board of directors.
Motorola Mobility Holdings director William Hambrecht has resigned.
Motorola Mobility Holdings Inc said on Wednesday that William R. Hambrecht is leaving its board of directors immediately.
The timing of the acquisition suggests that Google's move was more an act of desperation rather than a planned strategic move
Google Inc.'s biggest deal ever, acquiring Motorola Mobility Holdings Inc for $12.5 billion, is an attempt to buy insurance against increasingly aggressive legal attacks from rivals such as Apple Inc.
The acquisition of one of the mobile telecommunications industry's most storied names is Google co-founder Larry Page's boldest move since taking over as CEO in April, launching the Internet giant into a lower-margin manufacturing business and pitting it against many of the 38 other handset companies that now use its Android software.
Carl Icahn benefits from Motorola Mobility's sale. He has other tech investments.
Google Inc said it will buy phone hardware maker Motorola Mobility Holdings Inc for $12.5 billion in cash to bolster the adoption of its Android mobile software.
Shares of Research in Motion are at a yearly low. But they could recover with new Blackberry products. Or attract a bidder.
Lionsgate Entertainment has spent some $10 million defending itself against claims by Carl Icahn -- but its insurance company has only reimbursed it for $2 million of that.
Commercial Metals Co said on Sunday it has adopted a stockholder rights plan, making it harder for activist investor Carl Icahn to take a bigger stake in the steel maker.
Clorox Co (CLX.N) once again turned down an offer from activist investor Carl Icahn, calling his latest bid of $80 per share "inadequate."
Clorox rejected Carl Icahn's takeover bid for the second time on Wednesday, calling the bid "inadequate."
Eastman Kodak Co posted another loss as the once-iconic photography company faced high raw material costs and struggled to shift its focus from film toward digital cameras and printers.
A Clorox investor filed a lawsuit against the company, in hopes to bar the company from using a "poison pill" against Carl Icahn.
A Delaware court is likely to rule by Friday on whether Dynegy Inc's proposed debt restructuring should be put hold, according to a Dynegy spokesman.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
General Electric Co has ended the auction of its roughly $3 billion railcar leasing business, making it the second time in three years the conglomerate has tried unsuccessfully to do so, sources familiar with the matter said on Tuesday.
InterDigital Inc has filed a complaint with the U.S. International Trade Commission against Nokia Corp, Huawei Technologies Co Ltd and ZTE Corp accusing the cellphone makers of infringing seven InterDigital technology patents.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
Kimberly-Clark's CEO doesn't expect his company to pursue Clorox, despite Carl Icahn calling upon the company to do so.