Starboard Value instead urged the company to sell its search and display advertising businesses.
*Yahoo's Alibaba stake worth over $20 bln. *Yahoo and Alibaba shares flat premarket. Yahoo's current net cash holding and the funds raised from a sale of the business could be returned to shareholders through buybacks and dividends, Jeff Smith, Starboard's head, said in a letter to Yahoo on Thursday.
Expectations are low that the Fed will provide any new policy insight next week, and focus should stay on economic reports and a flood of earnings.
Investors are wondering what other companies will finally relent to activists' demands and rally higher like Yum Brands.
Oct 5- Activist investor Starboard Value LP said it raised its stake in Brink's Co, a provider of cash transportation and ATM services, to about 12.4 percent. Brink's shares rose about 3 percent to $29.27 in early trading on the New York Stock Exchange. The news comes less than a week after Starboard, run by Jeffrey Smith, said it bought a 3.7 percent stake in...
Oct 5- Activist investor Starboard Value LP said it raised its stake in Brink's Co, a provider of cash transportation and ATM services, to about 12.4 percent. Starboard, Brink's largest shareholder, had reported a 9 percent stake in the company in July. Starboard said on Monday it had sent a letter to Brink's board, outlining a plan to improve its operating...
Some of the names on the move ahead of the open.
Check out the companies making headlines after the bell Monday: Anadarko, Brinks, Tenet & more.
All Nippon Airways, the Japanese launch customer for Boeing Co's 787, flew its first Dreamliner in more than three months on Sunday to test reinforced batteries installed by the U.S. aircraft maker.
Australia's flagship carrier Qantas Airways said it has received compensation from Boeing for delays in deliveries of the grounded 787 Dreamliner jet.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
Iran captured a U.S. drone that was flying in the country's airspace, its media reported on Tuesday. Iran said the aircraft had entered its airspace and would respond "decisively" to any encroachments into its airspace.
RICHMOND, Va.-- Shares of The Brink's Co. fell Thursday after the armored car company said its third-quarter net income plunged 56 percent, as revenue and operating earnings from its international business sank.
WASHINGTON, Oct 11- Republican Mitt Romney would accelerate spending on new U.S. Navy warships, cut the Pentagon's civilian workforce and speed up development of new weapons systems if he wins the 2012 presidential election, two advisers said on Thursday.
*U.S. said in September it had removed subsidies to Boeing. BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation ruling to stop subsidies to planemaker Boeing Co and asked the Geneva- based body to investigate, prolonging the world's largest trade dispute.
*Wal-Mart lines up 6 major health centers for procedures. *Wal-Mart has covered transplants since 1996 By Jessica Wohl.
BRUSSELS, Oct 11- The European Union accused the United States on Thursday of ignoring a World Trade Organisation instruction to stop subsidising planemaker Boeing and asked the WTO to investigate, prolonging the world's biggest trade dispute.
BRUSSELS, Oct 11- The European Commission said on Thursday it has asked the World Trade Organisation to set up a panel to look into what Brussels sees as the United States' refusal to stop subsidies to planemaker Boeing in the world's largest trade dispute.
Oct 11- U.S. carrier Alaska Airlines said on Thursday it will buy 50 737 single-aisle jetliners, worth $5 billion at list prices, from Boeing Co in its largest order yet. The order includes 37 of Boeing's upcoming 737 MAX, the new-engine variant of the popular 737 that offers better fuel efficiency.