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    1. The Truth About Whether Marc Andreessen Cheated eBay Shareholders Out Of $4 Billion

      The Truth About Whether Marc Andreessen Cheated eBay Shareholders Out Of $4 Billion

      This week, activist investor Carl Icahn wrote two open letters to eBay's shareholders shredding eBay's board of directors and, in particular, Marc Andreessen. In the first, he questioned Andreessen's loyalty to the company, bringing up two situations where Andreessen "purchased large stakes" in former eBay companies, "reaping significant personal riches...

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    2. Peltz revives bid to split PepsiCo

      Peltz revives bid to split PepsiCo

      (Reuters) - Nelson Peltz has resumed his call to break up PepsiCo Inc less than a week after the maker of Pepsi-Cola and Lay's potato chips said it would not spin off its North-American beverage business.  The snack and drink giant confirmed a Wall Street Journal report that Peltz's Trian Fund Management LP sent a 37-page letter to its board of directors on Wednesday.

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    3. Janet Yellen Makes Her First Comments As The The New US Fed Chief Tomorrow — Here's What You Need To Know

      Janet Yellen Makes Her First Comments As The The New US Fed Chief Tomorrow — Here's What You Need To Know

      On Tuesday, Janet Yellen will offer her first public remarks as chair of the Federal Reserve in the central bank's semi-annual testimony before Congress on monetary policy.

      No one expects much new information to come from the event, which means the market reaction could be limited, barring any unexpected curveballs.

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    4. Kicking Bill Gates Off The Board Is The Best Thing Microsoft Can Do (MSFT)

      Kicking Bill Gates Off The Board Is The Best Thing Microsoft Can Do (MSFT)

      Microsoft is an insanely profitable company standing on the edge of disaster. It desperately needs new thinking.  With word that 22-year Microsoft veteran Satya Nadella is likely the new CEO, attention turns to the leadership of the company's board of directors. It will have two former CEOs, Bill Gates and Steve Ballmer...

       

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    5. Herbalife Is Exploding Higher On News That The Stock's Biggest Bull is Joining Forces With An Outside Investor

      Herbalife Is Exploding Higher On News That The Stock's Biggest Bull is Joining Forces With An Outside Investor

      It looks like last week's Ackman correction in Herbalife may be coming to an end.

      Herbalife shares are currently on a tear after falling about 12% last week on news that a senator from Massachusetts had sent letters to the FTC and SEC asking that they investigate the California-based nutrition company.  Today, Herbalife's stock was last trading up more than 9%...

       

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      Mentions: CEO SEC
    6. Shareholders Sue Starbucks For $2.8 Billion Over Dispute With Kraft

      Shareholders Sue Starbucks For $2.8 Billion Over Dispute With Kraft

      Starbucks shareholders have filed a $2.8 billion lawsuit against the company following its alleged breach of contract with Kraft Foods.  The class action lawsuit claims that Starbucks' board of directors and executive officers breached their fiduciary duties and "grossly understated the impact of the contract breach in the company's financial filings with the SEC," Courthouse News Service reports...

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    7. Dan Loeb Takes A New Stake In Dow Chemical And It's Now Third Point's Largest Positon

      Dan Loeb Takes A New Stake In Dow Chemical And It's Now Third Point's Largest Positon

      Activist investor Daniel Loeb has taken a significant position in Dow Chemical and is calling for strategic review.

      He posted his investment thesis on website HVST.com. That's the same website Kyle Bass posted his thesis on GM.

      Dow Chemical is now Third Point's largest positon.

      The stock is up more than 6% in the pre-market.

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    8. Tyco's Demonized Ex-CEO Gets Out Of Prison Today — Here's Why He Never Should Been Convicted

      Tyco's Demonized Ex-CEO Gets Out Of Prison Today — Here's Why He Never Should Been Convicted

      Over the past two decades, our addiction to cell phones ended our need for public pay phones. As a result, there are no more telephone booths. For those of us who grew up watching "The Adventures of Superman," we saw mild-mannered reporter Clark Kent slip into dozens of phone booths where he transformed into Superman. Over and over again, the caped superhero exited the booths to fight for truth, justice, and the American way.

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    9. A Private Equity Firm Just Bought Chuck E. Cheese For $950 Million

      A Private Equity Firm Just Bought Chuck E. Cheese For $950 Million

      Leon Black's Apollo Management said it was going to put its $18.4 billion war chest to work, and now we're seeing that work in action.  CEC Entertainment, the company that owns children's pizza joint and baby-sitting nightmare Chuck E. Cheese, has just agreed to be acquired by an affiliate of the PE firm for a fair amount of cheese (sorry) — $950 million, or $54 a share...

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    10. The Fabulous Life Of Carl Icahn, The Man Who Smoked Wall Street In 2013

      The Fabulous Life Of Carl Icahn, The Man Who Smoked Wall Street In 2013

      Unless you've been living under a rock, you've noticed that Carl Icahn has taken every opportunity to shake up Wall Street in 2013.  It's no shock. He started the year armed with $10 billion in cash.  The name "Icahn" has meant something on Wall Street since the 1980s, when he gained his reputation as a ruthless activist investor. He did it by taking a controlling interest in companies like TimeWarner, TWA, and Blockbuster.  Now, Icahn's a billionaire...

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    11. Snapchat Just Landed Sony Entertainment CEO Michael Lynton As An Investor, Board Member

      Snapchat Just Landed Sony Entertainment CEO Michael Lynton As An Investor, Board Member

      New documents filed with the SEC show that Snapchat has raised another $50 million in investment, with a big name investor: Micheal Lynton, CEO of Sony Entertainment. Lynton is on Snapchat's board of directors, the filing confirmed. This latter news was previously reported in June. As we previously reported, new regulatory filings showed that Snapchat was about to raise a hefty chunk of money.

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      Mentions: Investment CEO SEC
    12. GM To Name First Ever Female Ceo — Mary Barra

      GM To Name First Ever Female Ceo — Mary Barra

      GM will name Mary Barra as its first ever female CEO, Bloomberg reports.  Barra is currently the company's global head of product development. She's been with GM since age 18, according to Forbes.  She will succeed Dan Akerson, who was appointed by the Obama administration in 2009 to help shepherd the automaker through its bankruptcy...

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    13. Twitter Adds Its First Ever Female Board Member — Marjorie Scardino

      Twitter Adds Its First Ever Female Board Member — Marjorie Scardino

      Twitter has added its first ever female board member, Marjorie Scardino.  Scardino is not much of Twitter user. It looks like she just sent her first tweet, a reply to Twitter announcing that she got the job. She follows only 15 accounts on Twitter.  Scardino was the former CEO of Pearson, so we're guessing Twitter was interested in her media/business chops, not her tweeting prowess. (If Twitter wanted a female power-user of Twitter, they could have added Katy Perry, we suppose.)...

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      Mentions: CEO
    14. Carl Icahn Just Fired A New Missile At Apple To Get It To Return More Cash To Shareholders (AAPL)

      Carl Icahn Just Fired A New Missile At Apple To Get It To Return More Cash To Shareholders (AAPL)

      Carl Icahn is stepping up his battle with Apple.  On Twitter, he says, "we’ll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level."  CNBC reporter David Faber says Icahn wants a $50 billion buyback. His tweet was timed to coincide with the release of a Time magazine profile of Icahn pegged to his battle with Apple...

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    15. Activist Investor Pushes Abercrombie To Drop CEO Mike Jeffries

      Activist Investor Pushes Abercrombie To Drop CEO Mike Jeffries

      An Abercrombie & Fitch Co. shareholder is urging the retailer's board of directors to replace Chief Executive Mike Jeffries when his contract expires in February or consider a sale of the struggling company.  Engaged shareholder Capital LLC fired off a letter to the board on Tuesday saying the company's "perennial underperformance is a result of a failure of leadership...

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    16. Dan Loeb Is Giving A Rare Interview Right Now

      Dan Loeb Is Giving A Rare Interview Right Now

      Hedge fund manager Daniel Loeb, the founder of $14 billion Third Point LLC, is speaking with Andrew Ross Sorkin at the Dealbook Conference.

      This is a pretty rare interview for the activist investor.

      Loeb has been in the news a lot lately. He's been going after Sony and Sotheby's.  He was also the subject of a recent Vanity Fair profile.

      Sorkin is begining the conversation by talking about activism and whether it's a good thing for society....

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      Mentions: CEO Hedge Fund
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