Activist firm Starboard Value is urging department store chain Macy's (M) to push for realizing greater value from its real-estate holdings, including its famous Herald Square store in New York. (WSJ)
Yahoo (YHOO) plans to spend another $3 billion to boost its web content, according to the New York Post. Yahoo declined comment, but said CEO Marissa Mayer would unveil future plans for the company soon.
Apple (AAPL) has passed
Thanks to a new software update, Tesla's (TSLA) electric vehicles can now park themselves in your garage, laying the groundwork in a couple of years for the car to drive across the country to pick you up. (CNBC)
Volkswagen plans to propose to U.S. authorities a new catalytic converter system that could bring into compliance about 430,000 cars capable of cheating diesel emissions tests. (Reuters)
The Supreme Court hears arguments today, stemming from in the case of 10 California teachers did not want to be the union but were required to pay dues by state law. (NY Times)
Republicans Donald Trump and Ted Cruz are running neck and neck in Iowa, as are Democrats Hillary Clinton and Bernie Sanders, according to the latest NBC News/Wall Street Journal/Marist polls.
Rock legend David Bowie died Sunday, following an 18-month battle with cancer. The 69-year-old singer's last album, "Blackstar," was released only last past Friday. (CNBC)