Round Rock News
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Updated 35 minutes ago
Procter & Gamble Co.’s move this week to hire back A.G. Lafley as its chief executive officer recalls the successful returns of former leaders from Steve Jobs to Starbucks Corp.’s Howard Schultz.
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Updated 59 minutes ago
Much like turning to Star Trek and Iron Man sequels for a safe way to ensure box-office sales, recalling popular former leaders has become a reliable corporate script in times of crisis.
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Updated 1 hour, 5 minutes ago
Activist investors are targeting companies from NetApp Inc. to Apple Inc., preying on an aging U.S. technology industry.
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Dell Inc.’s board reiterated a call for billionaire Carl Icahn to provide more details about his proposal to take over the personal-computer maker, saying it needs more information to discuss his offer.
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Dell Inc. reported fiscal first- quarter profit that missed analysts’ estimates, underscoring the worsening outlook that led the company’s founder to seek a buyout designed to reinvigorate growth.
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Highfields Capital Management LP, the hedge fund run by Jonathon Jacobson, bought stakes in Dell Inc. and McGraw Hill Financial Inc. in the first quarter, while exiting BlackRock Inc.
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Southeastern Asset Management Inc., the money manager that is the largest outside investor of Dell Inc., said it exercised 25 million call options in the computer maker, giving it more shares to vote in the upcoming fight over the company’s future.
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Level Global Investors LP co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make more than $68 million for his hedge fund.
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Dell Inc., the world’s third-largest personal computer maker, accused at least six makers of optical disk drives including Hitachi Ltd. of conspiring to fix prices of their products from 2004 to 2010.
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Billionaire Carl Icahn, seeking to scuttle a buyout led by Silver Lake Management LLC, is asking Dell Inc. investors to bet on a computer maker beset by rising competition, tumbling demand and a bigger debt load.
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