Wednesday, April 7, 2010 as of 11:14 AM ET
DOW JONES NEWSWIRESActivist investor Jana Partners LLC said it and fellow McGraw-Hill Cos.
(MHP) investor Ontario Teachers' Pension Plan have eased their aggregate stake in the company to below a 5% threshold.According to a filing with the Securities and Exchange Commission available Monday, the two beneficially owned 13.1 million shares in aggregate, about 4.8% of total shares outstanding, at the end of the day Friday. A previous filing showed that as of Aug. 22, they held 16.9 million shares, or about 5.6%, in the provider of financial services, business information and education.The two investors frequently act in concert. In August, hedge fund Jana and the Ontario Teachers' Pension Plan together called for McGraw-Hill to divide into four parts. A few weeks later, McGraw-Hill stopped short of that request but unveiled a plan to split its markets and education businesses into two public companies.In Monday's filing, Jana also said it and the pension fund have "engaged in highly produ...It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.The world's bigge...
New Hewlett-Packard CEO Meg Whitman, who takes a $1 annual salary, got stock options that could be valued as high as $16.1 million, the company's proxy filing said.W...
DOW JONES NEWSWIRESMotorola Solutions Inc. (MSI) has agreed to pay $200 million to settle a shareholder lawsuit brought in 2007 which charged the company with artifi...
Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Friday its proven reserves remained unchanged last year at 17.3 billion barrels of oil e...
Budget carrier Thai AirAsia said Friday its plan to apply in the current quarter to launch an initial public offering to raise at least $150 million remains on track...
Mary Kissel and Shibani Joshi examine Facebook’s big move
Bank of America Corp. (BAC) completed a $2.25 billion, two-part bond sale Thursday featuring 30-year bonds and a reopening of 10-year notes due 2022, according to a ...
Martin Pyykkonen, Wedge Partners senior analyst, on how Facebook will be impacted by its filing with the SEC , plus what stands out from the paperwork.
Facebook ’s 150-page IPO prospectus reveals a number of potential threats to the social network’s future, including a trio of big-name technology companies that coul...
DOW JONES NEWSWIRESThe state of Arizona is seeking to collect about $53 million from Amazon .com Inc. (AMZN) in unpaid transaction taxes similar to a sales tax, the ...
Bank of America Corp. (BAC) launched a $2.5 billion, two-part bond deal Thursday featuring 30-year bonds and a reopening of 10-year notes due 2022, according to a pe...
(Updated with pricing terms at launch in the second and third paragraphs.)NEW YORK -( Dow Jones )- McDonald's Corp. (MCD) launched its two-part $750 million issue to...
Kimberly-Clark Corp. (KMB) completed a $300 million bond sale of 10-year notes to the U.S. credit markets Monday, according to a person familiar with the deal.The 2....
The Securities and Exchange Commission on Monday charged medical device company Smith & Nephew under the Foreign Corrupt Practices Act for bribing Greek public docto...
Kimberly-Clark Corp. (KMB) plans to issue a $300 million bond sale of 10-year notes to the U.S. credit markets Monday, according to a person familiar with the deal.T...
The Senate passed an amendment on Thursday that forces operatives who collect political intelligence in Washington for sale in the banking industry or on Wall Street...
Eli Lilly & Co. (LLY) will freeze base pay for most of its employees in 2012, citing financial pressures caused by patent expirations on top drugs.The Indianapolis d...
Constance Hunter of AXA Investment Managers breaks down what Washington can do to keep adding jobs to the economy.
Former Goldman Sachs Vice Chairman Robert Steven Kaplan argues Dodd-Frank and capital requirements have ensured banks have plenty of resources.
