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    1. Billionaire Carl Icahn Has Changed his Mind on Cigna's $52 Billion Purchase of Express Scripts

      Billionaire Carl Icahn Has Changed his Mind on Cigna's $52 Billion Purchase of Express Scripts
      • Carl Icahn has dropped his fight to stop health insurer Cigna’s purchase of Express Scripts, a pharmaceutical company.
      • Last week, Icahn said he would try and solicit proxy votes to block the $52 billion deal.
      • Icahn told CNBC that blocking the deal would be impossible and "there’s no point in fighting just to fight."

      Activist investor Carl Icahn has reversed his position on US health insurer Cigna’s purchase of pharmaceutical subscription company Express Scripts...

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    2. Tesla forms special committee to consider going private

      Tesla forms special committee to consider going private

      An Australian telecom executive, the leader of a cosmetics company, and the former finance chief of Elon Musk 's solar-power company are now in charge of deciding Tesla Inc. 's fate. The board of the electric-car maker formed a special committee to evaluate its chief executive officer's proposal to take the company private, a day after he revealed more on who will advise him and help fund the potential deal.

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    3. Some of Tesla's Board Members Were Reportedly 'Totally Blindsided' by Elon Musk's Tweet About Going Private

      Some of Tesla's Board Members Were Reportedly 'Totally Blindsided' by Elon Musk's Tweet About Going Private
      • Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
      • That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
      • In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
      • The fallout from that tweet follows an extended run of public missteps by the Tesla CEO...
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      Mentions: CEO SEC Twitter
    4. Destination Maternity Appoints Andrea J. Funk to Board of Directors

      Destination Maternity Appoints Andrea J. Funk to Board of Directors

      MOORESTOWN, N.J.--(BUSINESS WIRE)-- Destination Maternity Corporation (NASDAQ: DEST) (the “Company”) today announced that it has appointed Andrea J. Funk to the Board of Directors (the “Board”), effective immediately. Ms. Funk brings over 20 years of public and private company leadership experience, with a focus on financial expertise, strategic operations, corporate governance and manufacturing...

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    5. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

      Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
      • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
      • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...
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      Mentions: Investment CEO SEC
    6. Activist Elliott Management to Push Nielsen Holdings to Sell

      Activist Elliott Management to Push Nielsen Holdings to Sell

      Activist investor Elliott Management Corp. has taken a big stake in Nielsen Holdings PLC and plans to push the TV-ratings company to sell itself. The New York hedge fund owns more than 8% of Nielsen, worth at least $640 million, people familiar with the matter said Sunday. Elliott, which has been launching campaigns at a blistering pace this year, could unveil the new effort as soon as Monday. Multiple...

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    7. California May Mandate a Woman in the Boardroom, But Businesses are Fighting It

      California May Mandate a Woman in the Boardroom, But Businesses are Fighting It

      California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge. Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making...

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    8. Vecima Adds Derek J. Elder to Board of Directors

      Vecima Adds Derek J. Elder to Board of Directors

      (GLOBE NEWSWIRE) -- Vecima Networks Inc. (“Vecima” or “the Company”) (TSX:VCM) is pleased to announce that it has appointed Mr. Derek J. Elder as a new director to the Company’s board effective today. Derek’s 25-year career has encompassed a unique blend of operational, strategic and financial leadership roles in both large and small companies...

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    9. The Strange Story of a Goldman Sachs Whistleblower Who's Taking Aim at Top Execs' Dealmaking

      The Strange Story of a Goldman Sachs Whistleblower Who's Taking Aim at Top Execs' Dealmaking
      • Christopher Rollins, a 16-year veteran of Goldman Sachs, sued the bank this week over his termination.
      • Rollins claimed he was unfairly terminated over his role in a series of transactions involving an unnamed financier who had legal issues in the past. He's seeking $50 million in damages.
      • The lawsuit set tongues wagging on Wall Street and in the City of London, given that it names several of Goldman Sachs' most senior staff in London...
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