Erik Gordon News
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Three of WellPoint Inc.’s 11 board members have stepped down, citing personal reasons for their decision to depart about six weeks after a new chief executive officer took over at the second-largest U.S. health insurer.
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Bill Rubin, a senior investment analyst at BlackRock Inc. who picks financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase & Co. right after the bank disclosed a trading loss that ultimately cost more than $6.2 billion.
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Warren Buffett’s Berkshire Hathaway Inc., the largest investor in DaVita HealthCare Partners Inc., agreed not to acquire more than 25 percent of the dialysis provider after raising the possibility of increasing its stake.
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JPMorgan Chase & Co., the biggest U.S. bank, should oust most of its board and split Jamie Dimon’s dual roles as chairman and chief executive officer, shareholder advisory firm Glass Lewis & Co. said.
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Yahoo! Inc.’s move to expand paid leave for new parents vaults the company ahead of most U.S. businesses, even if the benefits aren’t as generous as those offered by Silicon Valley peers Google Inc. and Facebook Inc.
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Yahoo! Inc. Chief Executive Officer Marissa Mayer extended paid-leave benefits for new parents as she seeks to revive growth by making the Web portal a more alluring place to work for in-demand employees.
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Silver Lake Management LLC and Michael Dell attached such stringent conditions to their Dell Inc. buyout proposal that they may have little choice but to stick with the deal even as the personal-computer industry contracts at a faster-than-predicted pace.
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Blackstone Group LP pulled out of bidding for Dell Inc. amid concerns about a worsening global PC slump, taking pressure off Chief Executive Officer Michael Dell to sweeten his original $24.4 billion buyout offer.
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Billionaire investor Carl Icahn agreed to accumulate no more than a 10 percent stake in Dell Inc. as he continues to pursue an alternative to a $24.4 billion leveraged buyout by founder Michael Dell.
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Hewlett-Packard Co., the world’s biggest personal-computer maker, increased its quarterly dividend by 10 percent for a second-straight year amid mounting investor frustration with leadership over failed acquisitions.
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