Activist Elliott Bets $1.3B on SAP Profit Growth
The German software giant has prioritized revenue growth but is now taking steps to boost the profitability of its cloud business.
Windstream Files Chapter 11 After Bond Default
The filing follows a court ruling that the broadband provider violated bond covenants when it spun off its fiber-optic cable network.
Activist Fund Urges ‘Immediate’ Change at eBay
eBay's shares rose 6% after Elliott Management disclosed a 4% stake in the company and unveiled a plan to unlock strategic value.
Activist Seeks Records in Campbell Soup Fight
Third Point's Daniel Loeb believes internal company documents could boost his bid to replace Campbell's entire board.
Hedge Fund Adviser Charged In ‘Short-and-Distort’ Scheme
The SEC accuses Gregory Lemelson of making false statements about Ligand Pharmaceuticals after taking a short position in May 2014.
Athenahealth CEO Resigns Amid Strategic Review
A possible buyer is hedge fund Elliott Management, which made a hostile takeover offer last month for the healthcare technology company.
Sears Reviewing Sale of Kenmore, Other Assets
The proposed sale to CEO Eddie Lampert's hedge fund would further his goal of making Sears an "asset light" business.
Icahn Unveils Alternative to Xerox-Fuji Merger
The billionaire investor and another Xerox shareholder believe the copier pioneer can have “a better, brighter future as a standalone company.”
Bitcoin Trader Accused of $600K Ponzi Scam
Nicholas Gelfman allegedly solicited investors with false claims that he would generate a 7% to 9% monthly return from a fund for trading Bitcoin.
Ackman Presses for Strategy Changes at ADP
The activist investor says ADP could more than double its stock price if it cut staff and made better investments in technology.
Bill Ackman, ADP Heading for Proxy Fight?
The activist investor is planning to name a minority slate to the ADP board as he seeks "transformational change" at the company.