QuickNews

First day of eBay Live 2007 is over and the big question is “Is eBay still Alive?” Some rumblings from the eBay annual shareholders meeting this morning which was held in a safe bunker some distance away from the mobs of disgruntled sellers. There were several questions from shareholders about the value of eBay’s shares, [...]

We will only pursue a transaction if it makes sense for shareholders. We remain confient that our core business is healthy and in our ability to transform company with our without Circuit City. We believe there are better ways to satisfy customers than by competing on price. We believe customers will pay a price for [...]

While Yahoo had twice rejected the offer, which was originally valued at $44.6 billion, Yahoo’s leadership thought it unlikely that Microsoft Chief Executive Steve Ballmer would walk away. They were wrong. On Monday, Yahoo President Sue Decker, in a rare interview, discussed how the Sunnyvale Internet giant will move forward in the wake of three [...]

According to Bloomberg News, some shareholders see Mr. The amendment, approved by a firm majority of American Express shareholders at Mondays annual meeting, reduces the vote required to approve a sale to more than 50 percent from two-thirds. American Express may be considering eventually to become a private enterprise and become delisted, or become part [...]

– are publicly calling on Exxon to change its corporate governance and take a hard look at the future of global energy supplies. A majority of 300 adult members of the wealthy Rockefeller family, influential shareholders of Exxon, voted to support four shareholder resolutions at the company’s annual meeting in late May. The proposals include [...]

According to The Wall Street Journal, “the Cleveland-based regional bank was hammering out final terms of the transaction with a group of investors led by Corsair Capital LLC, a New York private-equity group.” The news is another example of how management at banks doomed their shareholders. When you enter your name and email address, you’ll [...]

As a kid, I didn’t mind commercials, since I was conditioned to expect them in-between certain intervals. I even memorized the script and jingles for my favorite commercials. I was blissfully unaware that Crazy Eddie was ripping off shareholders or how Phil Rizzuto was able to give money away from the Money Store. CCB3, Tony [...]

While devastating for existing shareholders who stand to lose 1/3 of their share’s value, this financial maneuver gives National City the wherewithal to cover losses and move forward going into the 2009 fiscal year. In my view along with several respected analysts’ opinions this past week, NCC now will become a good bank vs. National [...]

Against the very same Board Resolutions that he voted for three years ago. The message to the MID shareholders is loud and clear. MID will continue until the shareholders surrender to him. Large MID shareholders have decided to do just that. Two-thirds of each class of shares voted at the MID shareholder meeting.
Sources:

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