Elliott Management Corp. took a significant stake in NetApp Inc., pressing the data-storage company to change its board and study options to boost shareholder value, people familiar with the situation said.
BlueMountain Capital Management LLC, the $13.6 billion hedge-fund firm led by Andrew Feldstein, is targeting Lexmark International Inc. for its biggest equity wager as the printer maker bolsters its creditworthiness.
International Business Machines Corp. and Hewlett-Packard Co., the biggest sellers of server computers, lost market share to Dell Inc. in the fourth quarter amid supply disruptions caused by flooding in Thailand, Gartner Inc. said.
A section of Plains Midstream Canada LP’s Rainbow pipeline in northern Alberta, which was shut April 29 after leaking 28,000 barrels of crude, may be out of service for days or longer, according to a regulator.
Lexmark International Inc. is poised to lure potential buyers with the least expensive technology valuation in America as the printer company’s closure of its inkjet operations spurs takeover speculation.
The lone American on FIFA’s ethics panel won’t take part in a hearing into accusations that a candidate for president of soccer’s governing body offered about $2 million in cash to Caribbean sporting officials.