Robert W. Baird News
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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.
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Apache Corp., this year’s third-worst performing oil and natural gas producer on Standard & Poor’s energy index, plans to sell $4 billion in assets by yearend and buy back shares as first-quarter profit missed analysts’ estimates.
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In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.
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Alan Shaw, the chemist and executive who led a six-year effort to turn inedible crops into fuels to displace gasoline, has renounced the industry he helped pioneer and decided the future instead lies with natural gas.
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Qiwi Plc, an instant-payment operator, rose in its first day of trading on the Nasdaq Stock Market after raising $213 million in the second initial public offering by a Russian company this year.
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SunPower Corp., the second-largest U.S. solar manufacturer, said its first-quarter loss narrowed and sales exceeded company estimates as project installations increased.
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EQT Corp., the Pittsburgh-based natural gas producer that’s selling its utility, rose to the highest in more than four years after beating quarterly estimates and predicting a rise in 2014 output.
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Developers are shunning luxury hotels in the U.S. as room rates fail to rebound to peak levels and profits are squeezed by the costs of offering swanky amenities such as spas and trendy restaurants.
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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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First Solar Inc., the solar manufacturer that gets almost two-thirds of sales from building and selling utility-scale power plants, agreed to buy TetraSun, a startup developing photovoltaic technology for rooftops.
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